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24 Mar 2015 13:36
Morgan Advanced Materials plc (the 'Company')
Bonus Deferral Share Matching Plan ('BDSMP') - vesting of 2012 Deferred Awards
Morgan Advanced Materials plc announces that it received notification on 23 March 2015 that transactions by a Director and persons discharging managerial responsibilities ('PDMRs') of the Company, listed in the table below, took place following the vesting and release of awards granted in 2012 under the BDSMP representing deferral of bonus into a notional award over shares.
Deferred Awards vested on 21 March 2015 and shares were released and sold on 23 March 2015. There was no corresponding release of shares under the 2012 Matching Award as the performance condition attached to the matching element was not met and the 2012 Matching Award therefore lapsed.
Name | No. of shares acquired on maturity | No. of shares sold | Sale price per share | No of shares retained |
Andrew Hosty (Director) | 49,754
(acquisition of shares from the Deferred Award element of the 2012 BDSMP and associated dividend shares)
| 49,754
| £3.4575 | NIL |
Paul Boulton (PDMR) | 27,605
(acquisition of shares from the Deferred Award element of the 2012 BDSMP and associated dividend shares)
| 27,605 | £3.4575 | NIL |
Andrew Riley (PDMR) | 23,421
(acquisition of shares from the Deferred Award element of the 2012 BDSMP and associated dividend shares)
| 11,047
(shares sold to cover the income tax and national insurance contributions required to be withheld on release) | £3.4575 | 12,374 |
Following notification of the transactions described above, the total holdings and total percentage holdings of the Executive Directors were as follows:
Kevin Dangerfield 273,306 shares 0.09577% (NO CHANGE)
Andrew Hosty 144,988 shares 0.05081% (NO CHANGE)
This announcement is made in accordance with the requirements of DTR 3.1.4R (1) (a).
Enquiries to:
Stephanie Mackie Morgan Advanced Materials plc 01753 837000
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