LONDON--(BUSINESS WIRE)--
Tate & Lyle PLC
Director/PDMR Shareholding
Tate & Lyle PLC (the ‘Company’) has been informed of the following transactions that occurred today by Persons Discharging Managerial Responsibility in respect of their interests in ordinary shares of 25 pence each in the capital of the Company (‘Shares’) under the 2003 Performance Share Plan (‘PSP’):
- Rowan Adams exercised 8,066 nil-cost options of which 3,805 Shares were sold at 548.68 pence per Share to pay for tax and sale costs. Mr Adams retained the remaining Shares.
- Rob Luijten exercised 15,114 nil-cost options of which 7,129 Shares were sold at 548.68 pence per Share to pay for tax and sale costs. Mr Luijten retained the remaining Shares.
- 11,917 Shares were released to Gabriella Parisse of which 3,720 Shares were sold at 548.68 pence per Share to pay for tax and sale costs. Ms Parisse retained the remaining Shares.
- 5,048 Shares were released to Pierre Schoumacher. Mr Schoumacher retained all the Shares.
No consideration was paid for the acquisition of these Shares. Awards made under the PSP are subject to the satisfaction of performance conditions over a three year performance period, which in this case was 1 April 2012 to 31 March 2015.
All transactions occurred on the London Stock Exchange.
This notification is made in accordance with DTR 3.1.4R(1)(a) of the Disclosure and Transparency Rules.
Jaime Tham
Deputy Company Secretary
24 June 2015