Director/PDMR Shareholding

RNS Number : 3328I

Morgan Advanced Materials PLC

24 March 2015

Morgan Advanced Materials plc

Grant of Deferred and Matching Awards under the Morgan Advanced Materials Bonus Deferral Share Matching Plan (the 'Plan') to a Director/PDMRs

24 March 2015

Morgan Advanced Materials plc (the 'Company') announces that on 23 March 2015 awards over Ordinary 25p shares in the Company ('Shares') were granted to Kevin Dangerfield, a Director, and Peter Blausten, Paul Boulton, Bill Grab, Alain Kirchmeyer, Andrew Riley and Ian Robb, persons discharging managerial responsibility ('PDMRs'), under the Plan.

The Awards comprise two components:

Deferred Awards granted following the Director/PDMRs' election to convert part of their bonus for the 2014 financial year into a deferred entitlement to Shares. Bill Grab's, Alain Kirchmeyer's and Ian Robb's awards relate to a post-tax bonus; Peter Blausten's, Paul Boulton's, Kevin Dangerfield's and Andrew Riley's awards relate to a pre-tax bonus. The Company's mid-market closing Share price on the dealing day preceding the date of grant was £3.4750; 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 pre-tax Deferred Award.

Director/PDMR	Number of Shares under the Deferred Award	Maximum Potential Number of Shares under the Matching Award
Peter Blausten	6,683	20,049
Paul Boulton	17,015	51,045
Kevin Dangerfield	14,775	44,325
Bill Grab	482	2,313
Alain Kirchmeyer	5,725	31,227
Andrew Riley	15,971	47,913
Ian Robb	26,699	100,121