Morgan Advanced Materials plc (MGAM) has disclosed that Laurent Cohen-Scali, President of Thermal Products and a Person Discharging Managerial Responsibilities (PDMR), sold 26,211 ordinary shares on 5 November 2026 at a price of GBP 2.781 per share on the London Stock Exchange. The transaction was notified in fulfilment of obligations under Article 19 of the Market Abuse Regulation, requiring timely disclosure of insider dealings. For investors monitoring insider activity at the advanced materials manufacturer, PDMR share sales are a closely watched signal of sentiment among senior management.

Key Points

  • Morgan Advanced Materials plc (MGAM) — specialist manufacturer of advanced material solutions
  • PDMR Laurent Cohen-Scali, President of Thermal Products, sold 26,211 ordinary shares on 5 November 2026
  • Transaction executed at GBP 2.781 per share on the London Stock Exchange; total proceeds were not separately disclosed in the announcement
  • Investors may be watching whether further PDMR transactions follow in the near term

Laurent Cohen-Scali Disposes of 26,211 Morgan Advanced Materials Shares at GBP 2.781

The announcement confirms that Laurent Cohen-Scali conducted a single sale transaction involving 26,211 ordinary shares of 25 pence each in Morgan Advanced Materials plc, executed at GBP 2.781 per share on 5 November 2026. The trade took place on the London Stock Exchange, identified by venue code XLON. This is recorded as an initial notification rather than an amendment, indicating it represents the first formal disclosure of this specific transaction. The company's LEI is listed as I4K14LL95N2PHDL7EG85, and the shares carry ISIN code GB0006027295 as identified in the regulatory notice.

Cohen-Scali's Role as President of Thermal Products at Morgan Advanced Materials

Laurent Cohen-Scali holds the position of President, Thermal Products, placing him within the senior leadership structure of Morgan Advanced Materials plc. As a PDMR, his dealings in company securities are subject to mandatory public disclosure under UK and EU-derived market abuse regulations. Morgan Advanced Materials operates across multiple advanced material segments, with the Thermal Products division representing a key area of the group's industrial offering. The company serves a broad range of end markets globally, supplying engineered materials used in high-temperature and energy-related applications, among others, making leadership roles within its product divisions strategically significant to the business.

Article 19 Market Abuse Regulation Obligations Underpin the MGAM Disclosure

The notification was issued specifically in fulfilment of obligations under Article 19 of the Market Abuse Regulation, which requires PDMRs and persons closely associated with them to disclose transactions in the issuer's financial instruments promptly. Morgan Advanced Materials confirmed the disclosure through its company secretariat, with contact provided via the group's official secretariat email address. Such regulatory filings are routine for listed companies but serve an important transparency function for the broader investor community, ensuring that dealings by those with potential access to inside information are publicly recorded without delay on a standardised basis.