Morgan Advanced Materials PLC Director/PDMR Shareholding (3173T)

TIDMMGAM

RNS Number : 3173T

Morgan Advanced Materials PLC

04 January 2017

 
 1    Details of the person discharging managerial 
       responsibilities / persons closely associated 
---  --------------------------------------------------------------------------------- 
 a)   Name                             Pete Raby 
---  -------------------------------  ------------------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
---  -------------------------------  ------------------------------------------------ 
 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                      Ordinary Shares of 25p each 
       of the financial                 GB0006027295 
       instrument, 
       type of instrument 
       Identification 
       code 
---  -------------------------------  ------------------------------------------------ 
 b)   Nature of                        Vesting of the first tranche, 
       the transaction                  comprising 57,176 shares, of 
                                        the Restricted Share Award granted 
                                        upon appointment as CEO and 
                                        subsequent sale of 26,968 shares 
                                        in order to satisfy the income 
                                        tax and National Insurance Contributions 
                                        required to be withheld on release. 
                                        Remaining shares transferred 
                                        to Candice Raby (spouse of CEO). 
---  -------------------------------  ------------------------------------------------ 
 c)   Price(s) and                       No. of      No. of    Sale price   No. of 
       volume(s)                           shares      shares    per share    shares 
                                           acquired    sold                   retained 
                                         ----------  --------  -----------  ---------- 
                                          57,176      26,968    GBP 2.8685   30,208 
                                         ----------  --------  -----------  ---------- 
---  -------------------------------  ------------------------------------------------ 
 d)        Aggregated                             N/A 
            information 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------------------ 
 e)   Date of the                      2017-01-03. 
       transaction 
---  -------------------------------  ------------------------------------------------ 
 f)   Place of the                     London Stock Exchange (XLON) 
       transaction 
---  -------------------------------  ------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLIFSALTISIID

(END) Dow Jones Newswires

January 04, 2017 04:51 ET (09:51 GMT)