Director/PDMR Shareholding

RNS Number : 3889N

Morgan Advanced Materials PLC

31 May 2022

 

31 May 2022

Morgan Advanced Materials plc

Notification of transactions of Directors/Persons Discharging Managerial Responsibilities

1	Details of the person discharging managerial responsibilities / persons closely associated
a)	Name	Richard Armitage
2	Reason for the notification
a)	Position/status	PDMR - CFO
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Morgan Advanced Materials plc
b)	LEI	I4K14LL95N2PHDL7EG85
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p each GB0006027295
b)	Nature of the transaction	Conditional award of shares under the Morgan Advanced Materials Share Plan 2022, vesting subject to performance conditions over a three-year period.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.071 207,587
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-05-30
f)	Place of the transaction	Outside of trading venue.

1	Details of the person discharging managerial responsibilities / persons closely associated
a)	Name	Richard Armitage
2	Reason for the notification
a)	Position/status	PDMR - CFO
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Morgan Advanced Materials plc
b)	LEI	I4K14LL95N2PHDL7EG85
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25p each GB0006027295
b)	Nature of the transaction	Award of shares under the Morgan Advanced Materials Share Plan 2022, conditional on Mr. Armitage not having resigned or been dismissed in specified circumstances, vesting on 30 May 2023 . The one-off award is made to offset Mr. Armitage's forfeited bonus from his previous employer. There are no performance conditions attaching to this award.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 3.071 144,252
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	2022-05-30
f)	Place of the transaction	Outside of trading venue.

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

Stephanie Mackie 

Morgan Advanced Materials plc

01753 837000

 

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