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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 of the financial instrument, type of instrument

Identification code

Ordinary Shares of 25p each

GB0006027295

b)

Nature of the transaction

Vesting of the first tranche, 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 volume(s)

 

No. of shares acquired

No. of shares sold

Sale price per share

No. of shares retained

57,176

26,968

GBP 2.8685

30,208

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

2017-01-03.

 

f) 

Place of the transaction

London Stock Exchange (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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