Director/PDMR Shareholding

RNS Number : 8245X

Morgan Advanced Materials PLC

02 September 2015

 

2 September 2015

Morgan Advanced Materials plc (the 'Company')

Notification of Transaction of a Person Discharging Managerial Responsibility

Morgan Advanced Materials plc announces that it received notification on 1 September 2015 that a transaction by Kevin Dangerfield, a Director of the Company, took place following the vesting and release of Deferred Awards granted in 2012 under the Bonus Deferral Share Matching Plan (BDSMP) representing deferral of bonus into a notional award over shares.

Deferred Awards vested on 21 March 2015 and shares were transferred and sold on 1 September 2015. There was no corresponding release of shares under the 2012 BDSMP Matching Award as the performance condition attached to the matching element was not met and the 2012 BDSMP Matching Award therefore lapsed.

Name	No. of shares acquired on maturity	No. of shares sold	Sale price per share	No of shares retained
Kevin Dangerfield (Director)	12,545 (acquisition of shares from the Deferred Award element of the 2012 BDSMP and associated dividend shares)	5,918 (shares sold to cover the income tax and national insurance contributions required to be withheld on release of the shares acquired)	£3.2990	6,627

Following notification of the transaction described above, Kevin Dangerfield's total holding and total percentage holding were as follows:

Kevin Dangerfield                       279,933 shares              0.09809%

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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