Morgan Advanced Materials PLC Director/PDMR Shareholding (8245X)
September 02 2015 - 4:11AM
UK Regulatory
TIDMMGAM
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 No. of shares Sale price No of
shares sold per share shares
acquired retained
on maturity
------------------- ----------------- ---------------------- ------------ ----------
12,545
5,918
(acquisition
of shares (shares sold
from the to cover the
Deferred income tax and
Award element national insurance
of the contributions
2012 BDSMP required to be
and associated withheld on release
Kevin Dangerfield dividend of the shares
(Director) shares) acquired) GBP3.2990 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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