Director/PDMR Shareholding

RNS Number : 8974A

Morgan Crucible Co PLC

26 March 2013

 

The Morgan Crucible Company plc

Director / PDMR Transactions relating to The Morgan Crucible Bonus Deferral Share Matching Plan (the 'Plan')

26 March 2013

Grant of Deferred and Matching Awards

The Morgan Crucible Company plc (the 'Company') announces that on 25^th March 2013 the following awards over ordinary 25p shares in the Company ('Shares') were granted to Andrew Hosty, an Executive Director, and Simon Halliday, a person discharging managerial responsibility ('PDMR') under the Plan.

The Plan comprises two, linked awards:

Deferred Awards granted following the Executive Director's and PDMR's election to convert part of their bonus for the financial year 2012 into a deferred entitlement to Shares. The award relates to pre-tax bonus.  The Company's mid-market closing Share price on the dealing day preceding the date of grant was 286.40p; 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 comprised in the Deferred Award.

Executive	Number of Shares under the Deferred Award	Maximum Number of Shares under the Matching Award
Simon Halliday	3,985	11,955
Andrew Hosty	7,474	22,422

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

Enquiries:  Stephanie Mackie, The Morgan Crucible Company plc    Tel:  [phone]

Date of notification: 26^th March 2013

 

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