BRIEF-Tate & Lyle pension scheme in 347 mln stg buy-in deal

LONDON Fri Dec 7, 2012 2:06am EST

LONDON Dec 7 (Reuters) - Tate & Lyle PLC : * Tate & Lyle Group pension scheme agrees £347 million partial pensioner buy-in * Trustee of pension scheme agreed a £347 mn partial pensioner buy-in of 43% of

total liabilities * Deal with legal & general plc ("l&g"), which effectively hedges these

liabilities in full. * Buy-in effectively covers around 30% of the scheme`s total liabilities * Sees no material impact on group`s cash flows or adjusted earnings as a

result of the partial buy-in