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17 May 2013 12:57
Morgan Advanced Materials plc. ("the Company")
Long-Term Incentive Plan ("LTIP") - vesting of 2010 awards
Morgan Advanced Materials plc announces that it received notification on 16 May 2013 that transactions by directors 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 2010 under the LTIP and related Approved Performance Share Plan.
Awards vested on 13 May 2013 and shares were sold on 15 May 2013.
Name | No. of shares acquired on vesting | No. of shares sold | Sale price per share | No of shares retained |
Paul Boulton (PDMR) | 24,377 | 10,565 shares sold to cover the income tax and social security contributions required to be withheld on vesting
| £2.811 | 13,812 |
Kevin Dangerfield (Director) | 59,469 | 28,049 shares sold to cover the income tax and social security contributions required to be withheld on vesting
| £2.811 | 31,420 |
Ralph Gomarsall (PDMR) | 4,875 | 0 | n/a | 4,875 |
Bill Grab (PDMR) | 4,875 | 1,841 shares sold to cover the income tax and social security contributions required to be withheld on vesting
| £2.811 | 3,034 |
Simon Halliday (PDMR) | 10,970 | 10,970 | £2.811 | 0 |
Andrew Hosty (Director) | 58,507 | 26,663 shares sold to cover the income tax and social security contributions required to be withheld on vesting
| £2.811 | 31,844 |
Andrew Riley (PDMR) | 24,377 | 10,565 shares sold to cover the income tax and social security contributions required to be withheld on vesting
| £2.811 | 13,812 |
Ian Robb (PDMR) | 19,502 | 0 | n/a | 19,502 |
Mark Robertshaw (Director) | 107,264 | 50,591 shares sold to cover the income tax and social security contributions required to be withheld on vesting | £2.811 | 56,673 |
Following notification of the transactions described above, the total holdings and total percentage holdings of the Executive Directors were as follows:
Mark Robertshaw 746,947 shares 0.266%
Kevin Dangerfield 252,817 shares 0.090%
Andrew Hosty 154,488 shares 0.055%
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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