Director/PDMR Shareholding

RNS Number : 9197Z

Morgan Crucible Co PLC

22 March 2012

 



The Morgan Crucible Company plc

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

22^nd March 2012

Grant of Deferred Bonus and Matching Awards

The Morgan Crucible Company plc (the 'Company') announces that on 21^st March 2012 the following awards over ordinary 25p shares in the Company ('Shares') were granted to three Executive Directors and other persons discharging managerial responsibility ('PDMRs') under the Plan.

The Plan comprises two, linked awards:

Deferred Awards granted following the Executive Directors' and other PDMRs' election to convert part of their bonus for the financial year 2011 into a deferred entitlement to Shares. The award relates to pre-tax bonus for all executives other than Mr Klas, whose award relates to post-tax bonus due to local taxation requirements.  The Company's mid-market closing Share price on the day preceding the date of grant was 330.50p; 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 (adjusted for tax in the case of Mr Klas).

Executive	Number of Shares under the Deferred Award	Maximum Number of Shares under the Matching Award
Peter Blausten	3,025	9,075
Paul Boulton	24,962	74,886
Kevin Dangerfield	11,346	34,038
Simon Halliday	22,346	67,038
Andrew Hosty	44,988	134,964
Don Klas	17,175	82,440
Andrew Riley	21,180	63,540
Mark Robertshaw	70,347	211,041

The transaction described above involves an immediate acquisition of Shares by Mr Klas only in relation to the 17,175 Shares in his Deferred Award. The effect of the transaction is that Mr Klas's shareholding in the Company will increase to 281,307 Shares, giving him a total percentage holding of 0.101%.

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

Enquiries:  Robert Franklin, The Morgan Crucible Company plc        Tel:  [phone]

Date of notification: 22^nd March 2012

 

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