Morgan Advanced Materials Regulatory News (MGAM)

7 Dec 2006 12:22

Morgan Crucible Co PLC07 December 2006 The Morgan Crucible Company plc The Company was informed on 6th December 2006 that the Trustees of The MorganGeneral Employee Benefit Trust ("the Trust") had acquired 3,000,000 Ordinaryshares in the capital of the Company at an average price of £2.505953 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. Following this purchase the Trust holds a total of 8,763,923 Ordinary sharesrepresenting 2.99% of the share capital of the Company. The class ofdiscretionary beneficiaries for whom the Trust holds such shares consists ofemployees of the Company including executive directors, Mark Robertshaw, KevinDangerfield and Mark Lejman. Under the provisions of Schedule 13 of theCompanies Act 1985 these directors are deemed to be beneficially interested inall of such shares held by the Trust. This information is provided by RNS The company news service from the London Stock Exchange