Morgan Advanced Materials PLC

Remuneration Information • May 28, 2013

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RNS Number : 7322F

Morgan Advanced Materials PLC

28 May 2013

Notification of interests of directors/persons discharging managerial responsibility and connected persons ("PDMRs")

28 May 2013

This notification is made pursuant to DTR 3.1.4R(1)(a).

The Company announces that on 20 May 2013 awards over ordinary 25p shares in the Company were made to the Directors and PDMRs listed below under the Company's Long-Term Incentive Plan 2004 (LTIP), including the HMRC approved Schedule. 

The awards under the LTIP comprise up to three elements, (i) and (iii) relate to certain UK participants: (i) an HM Revenue & Customs approved option over shares up to the value of £30,000 with an exercise price of 279.06 pence per share; (ii) an LTIP award in the form of a conditional award of free shares to the value of the remainder of the award; and (iii) a funding award, also in the form of a conditional award of free shares, over such number of shares whose value at exercise of the approved option equals the value of the approved option on award.

Subject to satisfaction of performance targets, awards under the LTIP will vest in three years' time. 

In addition to the satisfaction of the performance targets, the approved option and the associated funding award will only vest in the event that the market value of a share at vesting is greater than 279.06 pence per share.  The funding award is solely used to fund the exercise price of the approved option and will be satisfied by shares from the Company's employee benefit trust

Name	Number of shares subject to award (LTIP award and approved option, where applicable)	Maximum number of shares subject to funding award (not retained by participant)
Mark Robertshaw (Director)	172,006 LTIP	0
Kevin Dangerfield (Director)	100,147 LTIP 1,981 Approved Option	1,981
Andrew Hosty (Director)	101,053 LTIP 10,750 Approved Option	10,750
Peter Blausten (PDMR)	35,834 LTIP	0
Paul Boulton (PDMR)	25,084 LTIP 10,750 Approved Option	10,750
Ralph Gomarsall (PDMR)	10,750 LTIP	0
Bill Grab (PDMR)	17,917 LTIP	0
Simon Halliday (PDMR)	21,501 LTIP 10,750 Approved Option	10,750
Andrew Riley (PDMR)	25,084 LTIP 10,750 Approved Option	10,750
Ian Robb (PDMR)	35,834 LTIP	0
John Stang (PDMR)	35,834 LTIP	0

Following the grant of awards detailed above, the total number of shares in respect of which awards are held by those individuals pursuant to the Company's LTIP are detailed below:

Name	Total number of shares held pursuant to LTIP awards
Mark Robertshaw	477,981
Kevin Dangerfield	286,747
Andrew Hosty	313,024
Peter Blausten	122,102
Paul Boulton	108,902
Ralph Gomarsall	44,072
Bill Grab	36,612
Simon Halliday	99,088
Andrew Riley	108,902
Ian Robb	86,049
John Stang	44,265

Enquiries:  Stephanie Mackie, Morgan Advanced Materials plc

Tel:  01753 837000

This information is provided by RNS

The company news service from the London Stock Exchange

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