MGCR Morgan CR.

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

RDSLIFITATIFIIE

(END) Dow Jones Newswires

September 02, 2015 04:11 ET (08:11 GMT)

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