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Tate & Lyle PLC Director's Dealing 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 0457R
Tate & Lyle PLC
04 June 2024
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that on 3 June 2024 the following transactions occurred by Persons Discharging Managerial Responsibilities ('PDMR') in respect of their interests in ordinary shares of 29 1/6 pence each in the capital of the Company ('Shares') under the Tate & Lyle Group Bonus Plan ('GBP') and the 2020 Performance Share Plan ('PSP').
Following the withholding of Shares to satisfy certain tax obligations arising on the release of Shares, PDMR interests in Shares changed as detailed in the table below:
| PDMR | No. of Shares acquired under the PSP | No. of Shares acquired under the GBP |
|---|---|---|
| Nick Hampton | 100,940 | 100 |
| Rowan Adams | 40,160 | - |
| Lindsay Beardsell | 56,916 | - |
| Melissa Law | 66,450 | - |
| Andrew Taylor | 108,657 | 1,236 |
| Victoria Spadaro Grant | 81,809 | 3,472 |
| Bill Magee | 49,232 | - |
| Tamsin Vine | 4,224 | - |
For tax purposes, the market value of the Shares was 681.86 pence per Share. No consideration was paid for the acquisition of these Shares.
Awards made under the GBP in 2022 were subject to the satisfaction of employment conditions. Details of the operation of the GBP are contained within the Annual Report 2022.
Awards made under the PSP in 2021 are subject to the satisfaction of performance conditions over a three-year performance period, which in this case ran from 1 April 2021 to 31 March 2024. The PSP award acquired by Mr. Hampton is subject to a further two-year post-vesting holding period.
The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
4 June 2024
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
Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 100,940 |
| Nil | 100 |
d)
Aggregated information
- Aggregated volume
- Price
101,040
Nil
e)
Date of the transaction
2024-06-03
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 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
Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 40,160 |
d)
Aggregated information
- Aggregated volume
- Price
40,160
Nil
e)
Date of the transaction
2024-06-03
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
Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 56,916 |
d)
Aggregated information
- Aggregated volume
- Price
56,916
Nil
e)
Date of the transaction
2024-06-03
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
Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 66,450 |
d)
Aggregated information
- Aggregated volume
- Price
66,450
Nil
e)
Date of the transaction
2024-06-03
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
Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 108,657 |
| Nil | 1,236 |
d)
Aggregated information
- Aggregated volume
- Price
109,893
Nil
e)
Date of the transaction
2024-06-03
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 and 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
Acquisition of shares under the GBP and PSP following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 81,809 |
| Nil | 3,472 |
d)
Aggregated information
- Aggregated volume
- Price
85,281
Nil
e)
Date of the transaction
2024-06-03
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 (William) Magee
2.
Reason for the notification
a)
Position / status
President, North 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
Acquisition of shares under the PSP following the release of nil-cost conditional awards over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 49,232 |
d)
Aggregated information
- Aggregated volume
- Price
49,232
Nil
e)
Date of the transaction
2024-06-03
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
Acquisition of shares under the PSP following the release of a nil-cost conditional award over shares for no consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 4,224 |
d)
Aggregated information
- Aggregated volume
- Price
4,224
Nil
e)
Date of the transaction
2024-06-03
f)
Place of the transaction
Outside a trading venue
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