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Tate & Lyle PLC Director's Dealing 2023
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Director's Dealing
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RNS Number : 5661H
Tate & Lyle PLC
28 July 2023
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that a grant of awards over the ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') was made on 28 July 2023 under the Tate & Lyle Performance Share Plan 2020 ('PSP') and the Tate & Lyle Group Bonus Plan 2011 ('GBP') in respect of the year ended 31 March 2023 to Persons Discharging Managerial Responsibilities ('PDMR') as detailed in the table below:
| PDMR | Number of Shares subject to PSP award | Number of Shares subject to GBP award |
| Nick Hampton | 279,292 | 40,357 |
| Dawn Allen | 186,221 | 23,110 |
| Rowan Adams | 111,121 | 13,684 |
| Lindsay Beardsell | 157,484 | 19,394 |
| Tamsin Vine | 101,931 | 4,161 |
| Melissa Law | 174,106 | 21,494 |
| Victoria Spadaro Grant | 163,783 | 14,791 |
| Bill Magee | 130,027 | 18,193 |
| Andrew Taylor | 179,317 | 25,089 |
Awards under the PSP and GBP are structured as conditional awards. Awards granted under the PSP will only vest to the extent that certain performance criteria are satisfied by the Company over a three-year performance period which runs from 1 April 2023 to 31 March 2026. Further information on the operation of the GBP is provided in the Annual Report 2023. No consideration is payable for the grant of the awards under the PSP or GBP.
The notifications below, which have been made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
28 July 2023
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Nick Hampton
2.
Reason for the notification
a)
Position / status
Chief Executive
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 279,292 |
| Nil | 40,357 |
d)
Aggregated information
- Aggregated volume
- Price
319,649
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Dawn Allen
2.
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 186,221 |
| Nil | 23,110 |
d)
Aggregated information
- Aggregated volume
- Price
209,331
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Rowan Adams
2.
Reason for the notification
a)
Position / status
Executive Group VP, Corporate Affairs
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 111,121 |
| Nil | 13,684 |
d)
Aggregated information
- Aggregated volume
- Price
124,805
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Lindsay Beardsell
2.
Reason for the notification
a)
Position / status
Executive VP, General Counsel
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of a conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 157,484 |
| Nil | 19,394 |
d)
Aggregated information
- Aggregated volume
- Price
176,878
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Tamsin Vine
2.
Reason for the notification
a)
Position / status
Chief Human Resources Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 101,931 |
| Nil | 4,161 |
d)
Aggregated information
- Aggregated volume
- Price
106,092
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Melissa Law
2.
Reason for the notification
a)
Position / status
President, Global Operations
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 174,106 |
| Nil | 21,494 |
d)
Aggregated information
- Aggregated volume
- Price
195,600
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Victoria Spadaro Grant
2.
Reason for the notification
a)
Position / status
President, Innovation & Commercial Development
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 163,783 |
| Nil | 14,791 |
d)
Aggregated information
- Aggregated volume
- Price
178,574
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Bill Magee
2.
Reason for the notification
a)
Position / status
President, Food & Beverage Solutions
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of a conditional award over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 130,027 |
| Nil | 18,193 |
d)
Aggregated information
- Aggregated volume
- Price
148,220
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Andrew Taylor
2.
Reason for the notification
a)
Position / status
President Asia, Middle East, Africa and Latin America
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Tate & Lyle PLC
b)
LEI
2138008K14474WPKZ244
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Identification code
Ordinary shares of 29 1/6 pence each in the capital of Tate & Lyle PLC
GB00BP92CJ43
b)
Nature of the transaction
Grant of conditional awards over shares for no consideration under the Tate & Lyle Performance Share Plan and Group Bonus Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 179,317 |
| Nil | 25,089 |
d)
Aggregated information
- Aggregated volume
- Price
204,406
Nil
e)
Date of the transaction
2023-07-28
f)
Place of the transaction
Outside a trading venue
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