Tate & Lyle PLC – Sucralose update

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Tate & Lyle has become aware of the re-appearance of a low-calorie tabletop sweetener product branded as 'Altern' in a small number of Wal*Mart stores in the US. Altern is described as containing sucralose. Tate & Lyle has analysed samples of this product and believes it to contain an active ingredient of Chinese origin. Work is being carried out to determine if this ingredient meets the stringent US Food and Drug Administration specifications and / or infringes on Tate & Lyle’s intellectual property. This ingredient cannot be branded as SPLENDA® Brand Sweetener; SPLENDA® is the leading US low-calorie tabletop sweetener brand. The quantity of sucralose required for a single table-top product such as Altern is extremely small and the supply of sucralose to the table-top sector is a minor part of Tate & Lyle’s SPLENDA® Sucralose ingredients business. Tate & Lyle does not expect the launch of this product, even were it to be on a national scale, to have any material effect on the results of its sucralose division and is making this statement in recognition of the high level of investor interest in sucralose.
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About Tate & Lyle: 
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.

Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.

Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.

Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants).  It also sells co-products from the corn milling process as animal nutrition.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2020, Tate & Lyle sales totalled £2.9 billion. For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on Twitter or Linkedin.