Director/PDMR Shareholding

RNS Number : 2942J

Morgan Advanced Materials PLC

02 April 2015

 



Morgan Advanced Materials plc (the 'Company')

Notification of a transaction of a person discharging managerial responsibilities ('PDMR')

2 April 2015

Bonus Deferral Share Matching Plan ('BDSMP') - vesting of 2012 Deferred Awards

Morgan Advanced Materials plc announces that it received notification on 1 April 2015 that a transaction by a PDMR 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, as set out in the table below.

Deferred Awards vested on 21 March 2015 and in this case shares were released and sold on 1 April 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
Peter Blausten (PDMR)	3,343 (acquisition of shares from the Deferred Award element of the 2012 BDSMP and associated dividend shares)	1,582 (shares sold to cover the income tax and national insurance contributions required to be withheld on release)	£3.383	1,761

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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