Morgan Advanced Materials Regulatory News (MGAM)

9 Mar 2009 16:24



The Morgan Crucible Company plc - Grant of Deferred Bonus and Matching Awards

9th March 2009

The Morgan Crucible Company plc (the 'Company') announces that on 6th March 2009 the following awards over ordinary 25p shares in the Company ('Shares') were granted to Executive Directors and persons discharging managerial responsibility ('PDMRs') under the Morgan Crucible Bonus Deferral Share Matching Plan (the 'Plan'). 

The Plan involves two linked awards:

Deferred Awards granted following the Executive Directors' and PDMRs' election to convert part of their bonus for the financial year 2008 into a deferred entitlement to Shares. The award relates to post-tax bonus.  The Company's mid-market closing Share price on the date of grant was 80.75p; and

Matching Awards, the vesting of which is linked to continued service and an Earnings per Share-based measure of growth over a three year period. At the top end of the performance scale, the Matching Award would vest at three times the number of Shares which could be acquired with the pre-tax amount of the bonus which the participant had elected to invest in Shares.

This notification relates to transactions notified in accordance with DR 3.1.4R (1) (a).

Enquiries: Tracey Bigmore, The Morgan Crucible Company plc

Tel: 01753 837000

Date of notification: 9th March 2009