Morgan Advanced Materials PLC

Director's Dealing • Mar 27, 2024

National Storage Mechanism | Additional information

RNS Number : 5772I

Morgan Advanced Materials PLC

27 March 2024

27 March 2024

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

Pete Raby

2

Reason for the notification

a)

Position/status

PDMR - CEO  

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

Vesting at 14.82% of the 2021 award under the Long-Term Incentive Plan and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release. Retained shares subject to post-vest holding period of two years.

c)

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
40,975	19,326	GBP 2.852	21,649

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

2024-03-26

f) 

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / persons closely associated

a)

Name

Paul Boulton

2

Reason for the notification

a)

Position/status

PDMR - General Counsel

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

Vesting at 47.71% of the 2021 award under the Long-Term Incentive Plan and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release.

c)

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
19,670	9,278	GBP 2.852	10,392

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

2024-03-26

f) 

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / persons closely associated

b)

Name

John Righini

2

Reason for the notification

c)

Position/status

PDMR - President, Technical Ceramics

d)

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.

g)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25p each

GB0006027295

h)

Nature of the transaction

Vesting at 100% of the 2021 award under the Long-Term Incentive Plan and sale of all shares.

i) 

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
79,289	79,289	GBP 2.852	0

j) 

Aggregated information

-     Aggregated volume

-     Price

N/A

k)

Date of the transaction

2024-03-26

l) 

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / persons closely associated

c)

Name

W endy Pryce Lewis

2

Reason for the notification

e)

Position/status

PDMR - P resident , Performance Carbon

f) 

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.

m)     

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25p each

GB0006027295

n)

Nature of the transaction

Vesting at 100% of the 2021 award under the Long-Term Incentive Plan and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release.

o)

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
47,573	17,665	GBP 2.852	29,908

p)

Aggregated information

-     Aggregated volume

-     Price

N/A

q)

Date of the transaction

2024-03-26

r) 

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / persons closely associated

d)

Name

Aniruddha Karve

2

Reason for the notification

g)

Position/status

PDMR - Managing Director, Molten Metal Systems

h)

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.

s)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25p each

GB0006027295

t) 

Nature of the transaction

Vesting at 100% of the 2021 award under the Long-Term Incentive Plan and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release.

u)

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
31,121	11,556	GBP 2.852	19,565

v)

Aggregated information

-     Aggregated volume

-     Price

N/A

w)

Date of the transaction

2024-03-26

x)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / persons closely associated

e) 

Name

Maria Antoniou

2

Reason for the notification

i)  

Position/status

PDMR - Group HR Director

j)  

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.

y) 

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25p each

GB0006027295

z) 

Nature of the transaction

Vesting at 47.71% of the 2021 award under the Long-Term Incentive Plan and sale of sufficient shares in order to satisfy Income Tax and National Insurance Contributions required to be withheld on release.

aa) 

Price(s) and volume(s)

No. of shares acquired	No. of shares sold	Sale price per share	No. of shares retained
48,420	22,838	GBP 2.852	25,582

bb)     

Aggregated information

-     Aggregated volume

-     Price

N/A

cc) 

Date of the transaction

2024-03-26

dd)     

Place of the transaction

London Stock Exchange (XLON)

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

Win Chime       

Morgan Advanced Materials plc

Company.secretariat@morganplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBLGDXGUDDGSR