⌘K
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On 26 March 2026, Morgan Advanced Materials plc's PDMRs were granted conditional awards totalling 1,454,351 ordinary shares under the Company's Long Term Incentive Plan (LTIP). Additionally, the PDMRs received conditional awards of 153,849 ordinary shares from a mandatory deferral of their FY2025 cash bonuses under the Deferred Bonus Plan. All shares were awarded at a price of GBP 1.929 per ordinary share.
| Date | 31 Mar 2026 |
| Time | 13:16:19 |
| Category | Director/PDMR dealings |
| ID | 8899Y |
31 March 2026
Morgan Advanced Materials plc
(the "Company")
Notification of transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs).
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Maria Antoniou |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Group HR Director |
||||
|
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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Richard Armitage |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - CFO |
||||
|
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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Paul Boulton |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Group 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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Damien Caby |
||||
|
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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Laurent Cohen-Scali |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - President, Thermal Products |
||||
|
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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Desislava Jung |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Chief Information 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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
John Righini |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - President, Technical Ceramics |
||||
|
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 |
Conditional award of shares under the Company's LTIP (Morgan Advanced Materials Share Plan 2022), vesting subject to performance conditions over a three-year period. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Damien Caby |
||||
|
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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Desislava Jung |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Chief Information 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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
John Righini |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - President, Technical Ceramics |
||||
|
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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Laurent Cohen-Scali |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - President, Thermal Products |
||||
|
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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Maria Antoniou |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Group HR Director |
||||
|
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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Paul Boulton |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - Group 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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
|
1 |
Details of the person discharging managerial responsibilities / persons closely associated |
|||||
|
a) |
Name |
Richard Armitage |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
PDMR - CFO |
||||
|
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 |
Mandatory deferral of a proportion of the cash bonus earned in respect of FY2025 into a conditional award of shares under the Company's Deferred Bonus Plan. The expected vesting date of the award is 26 March 2029. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||
|
e) |
Date of the transaction |
2026-03-26 |
||||
|
f) |
Place of the transaction |
Outside of trading venue. |
||||
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
For further enquiries, please contact:
Win Chime
Morgan Advanced Materials plc
Company.secretariat@morganplc.com