9th Nov 2006 15:31
Morgan Crucible Co PLC09 November 2006 The Morgan Crucible Company plc The Company was informed on 8th November 2006 that the Trustees of The MorganGeneral Employee Benefit Trust ("the Trust") had acquired 386,901 Ordinaryshares in the capital of the Company at an average price of £2.668958 per shareto satisfy future obligations arising from provisional share awards made underThe Morgan Crucible Long Term Incentive Plan 2004 and share options grantedunder The Morgan Crucible Executive Share Option Scheme 2004. 1,843,058Ordinary shares have also been transferred out of the Trust in satisfaction ofthe exercise of share options previously granted by the Company. Following this purchase and transfer of shares out of the Trust, the Trust holdsa total of 5,763,923 Ordinary shares representing 1.96% of the share capital ofthe Company. The class of discretionary beneficiaries for whom the Trust holdssuch shares consists of employees of the Company including executive directors,Mark Robertshaw, Kevin Dangerfield and Mark Lejman. Under the provisions ofSchedule 13 of the Companies Act 1985 these directors are deemed to bebeneficially interested in all of such shares held by the Trust. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Morgan Advanced Materials