Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Tate & Lyle Result of General Meeting posted on Company News.

For discussion of the practicalities of setting up and operating income-portfolios which follow the HYP Group Guidelines. READ Guidelines before posting
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Tate & Lyle Result of General Meeting posted on Company News.

#446618

Postby idpickering » September 30th, 2021, 2:44 pm

Here; viewtopic.php?p=446610#p446610

In short, all resolutions were passed, along with a resolution regarding an agreement to sell a controlling stake in a new company and its subsidiaries which will hold Tate & Lyle's Primary Products business in North America and Latin America and its interests in the Almidones Mexicanos S.A de C.V and DuPont Tate & Lyle Bio-Products Company, LLC joint ventures, to Gemini Holdings, LP, an affiliate of funds managed by KPS Capital Partners, LP (such sale together with the entry into of certain related transaction agreements being the "Transaction").

That matter was put out on 12 Jul 21, whereupon it was announced that a special dividend may be paid to shareholders on completion of the transaction;

Following completion, the Board intends that approximately £0.5bn (US$0.7bn) be returned to Tate & Lyle's shareholders by way of a special dividend and associated share consolidation. The balance will be retained to strengthen Tate & Lyle's balance sheet, provide flexibility to invest to accelerate growth and for potential tax arising as a result of the Proposed Transaction.


https://www.investegate.co.uk/tate---38 ... 00078376E/

Ian.

Return to “HYP Practical (See Group Guidelines)”

Who is online

Users browsing this forum: gnawsome and 12 guests