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25 Mar 2014 11:59
Morgan Advanced Materials plc ("the Company")
Bonus Deferral Share Matching Plan ("BDSMP") - vesting of 2011 Deferred Awards
Morgan Advanced Materials plc announces that it received notification on 24 March 2014 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 2011 under the BDSMP.
Deferred Awards vested on 23 March 2014 and shares were released and sold on 24 March 2014.
There was no corresponding release of shares under the Matching Award as the performance condition attached to the Matching Award was not met and the Matching Award therefore lapsed.
Name | No. of shares acquired on maturity
| No. of shares sold | Sale price per share | No of shares retained |
Andrew Riley (PDMR) | 25,977
(acquisition of shares from the deferred award element of the 2011 BDSMP and associated dividend shares)
| 25,977
| £3.46 | 0 |
Mark Robertshaw (Director) | 82,272
(acquisition of shares from the deferred award element of the 2011 BDSMP and associated dividend shares)
| 38,806
(shares sold to cover the income tax and national insurance contributions required to be withheld on release) | £3.46 | 43,466 |
Following notification of the transactions described above, the total holdings and total percentage holdings of the Executive Directors were as follows:
Mark Robertshaw 879,173 shares 0.3081%
Kevin Dangerfield 256,286 shares 0.0898%
Andrew Hosty 154,488 shares 0.0541%
This announcement is made in accordance with the requirements of DTR 3.1.4R (1) (a).
Enquiries to:
Jill Elliot Morgan Advanced Materials plc 01753 837000
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