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Tate & Lyle PLC — Remuneration Information 2019
Dec 19, 2019
4590_dirs_2019-12-19_e4de195f-3029-4d50-a239-57ce9cae6041.html
Remuneration Information
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RNS Number : 5054X
Tate & Lyle PLC
19 December 2019
Tate & Lyle PLC
Notification of transactions by Persons Discharging Managerial Responsibilities
Tate & Lyle PLC (the 'Company') announces that Lindsay Beardsell, a Person Discharging Managerial Responsibilities ("PDMR") was granted options to purchase 1,267 ordinary shares of 25p each in the capital of the Company ("Shares") on 16 December 2019 under the Tate & Lyle Sharesave Plan 2011 at an exercise price of 568 pence per share. The exercisable period is 1 March 2022 to 31 August 2022.
The Company also announces that a grant of 34,373 conditional awards over the Company's Shares was made on 19 December 2019 under the Tate & Lyle Performance Share Plan 2012 ('PSP') to Harry Boot, a Person Discharging Managerial Responsibilities.
Awards granted under the PSP will only vest to the extent that certain performance criteria are satisfied by the Company over the three-year performance period which runs from 1 April 2019 to 31 March 2022. These criteria are described in the Annual Report 2019. No consideration is payable for the grant or exercise of the conditional awards under the PSP.
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Claire-Marie O'Grady
Company Secretary
19 December 2019
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Lindsay Beardsell
2.
Reason for the notification
a)
Position / status
PDMR
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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136
b)
Nature of the transaction
Grant of a 3 year option over shares with an exercise price of 568 pence per share under the Tate & Lyle Sharesave Plan 2011
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 5.68 | 1,267 |
d)
Aggregated information
- Aggregated volume
- Price
1,267
GBP 7,196.56
e)
Date of the transaction
2019-12-16
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
Details of PDMR / person closely associated with them ("PCA")
a)
Name
Harry Boot
2.
Reason for the notification
a)
Position / status
PDMR
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 25 pence each in the capital of Tate & Lyle PLC
GB0008754136
b)
Nature of the transaction
Grant of nil-cost awards over shares for no consideration under the Tate & Lyle Performance Share Plan 2012
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 34,373 |
d)
Aggregated information
- Aggregated volume
- Price
34,373
Nil
e)
Date of the transaction
2019-12-19
f)
Place of the transaction
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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