Share awards

The following table sets out the current position of share-based awards made to executive directors:

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As at 1 April 2010 (number)

Awards granted during year1 (number)

Awards vested during year (number)

Awards lapsed during year (number)

As at 31 March 2011 (number)

Market price on date awards granted (pence)

Market price on date awards vested (pence)

Vesting date

1

The performance conditions for awards are adjusted diluted EPS, against which 50% of the award will be measured, and adjusted ROCE, for the remaining 50% of the award.

2

This award to compensate Javed Ahmed for certain long-term incentives given up by him as a consequence of leaving his former employer is not subject to performance conditions. The shares will be delivered on 1 October 2011, being the second anniversary of Javed Ahmed joining the Company. Pending delivery, he receives a payment in lieu of dividend on these shares which will be subject to the deduction of tax. In the event of a change of control, the shares will be delivered immediately.

3

This award is subject to the same performance condition as that which applies to awards made under the PSP in 2008.

4

This award is subject to the same performance condition as that which applies to awards made under the PSP in 2009.

5

This award is subject to the same performance condition as that which applies to awards made under the PSP in 2010.

6

The three-year performance period for all awards begins on the first day of the financial year in which the award is granted.

7

On 1 April 2011, 100% of the conditional awards made in 2007 lapsed because performance conditions were not met.

8

This was the last year in which awards were made under the DBSP prior to suspension of the arrangement with the performance conditions the same as those applying to the 2008 PSP. The vesting will be determined based on TSR during the three-year performance period against companies positioned 50 to 130 of the FTSE index at the start of the performance period such that one matching share is awarded for each lodged share for median performance increasing on a pro-rata basis to two match shares for upper quartile performance. As indicated in the Long-term incentive arrangements section, the TSR performance resulted in 88% of the maximum matching shares available under the award vesting.

Javed Ahmed

 

 

 

 

 

 

 

 

Special share-incentive arrangements relating to recruitment: compensatory awards:

 

 

 

 

 

 

 

 

Award A2

419 403

419 403

444.90

01/10/11

Award B3

269 616

269 616

444.90

After 31/03/11

Award C4

359 488

359 488

444.90

After 31/03/12

Special share-incentive arrangements relating to recruitment: longterm incentive awards:

 

 

 

 

 

 

 

 

Award A4

659 609

659 609

444.90

After 31/03/12

Award B5

473 042

473 042

440.20

After 31/03/13

Tim Lodge

 

 

 

 

 

 

 

 

Tate & Lyle Performance Share Plan 20036

 

 

 

 

 

 

 

 

20077

12 995

12 995

577.50

2008

32 050

32 050

394.25

After 31/03/11

2009

152 687

152 687

294.25

After 31/03/12

2010

223 381

223 381

440.20

After 31/03/13

Tate & Lyle Deferred Bonus Share Plan 20056

 

 

 

 

 

 

 

 

20088

6 790

6 790

401.00

After 31/03/11