Morgan Advanced Materials PLC announced that Pete Raby, the CEO and a person discharging managerial responsibilities (PDMR), has undergone a transaction involving the company's ordinary shares. The transaction involved the vesting of the 2021 award under the Deferred Bonus Plan and the subsequent sale of a portion of the shares to cover Income Tax and National Insurance Contributions. Raby acquired 8,811 shares and sold 4,156 shares at a price of GBP 2.852 per share, retaining 4,655 shares. The transaction took place on March 26, 2024, on the London Stock Exchange (XLON).
This notification fulfills the obligation under Article 19 of the Market Abuse Regulation.
This information was released by Morgan Advanced Materials PLC on March 27, 2024.