12th Apr 2007 16:34
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the"Company", respectively) by a Person Discharging Managerial Responsibility(PDMR) of the Company under its North American Employee Share Purchase Plan("NAESPP"). The Bank of New York, (the "Administrator"), notified the Company on 11 April2007 that they had acquired Shares on 11 April 2007 to be held on behalf of thefollowing PDMR of the Company under the NAESPP: \* T Number Aggregate Shares held of Partnership Beneficially (across all accounts Shares acquired* following acquisition)Persons Discharging Managerial ResponsibilityDeryk King 173.45836 272,774.92568\* T * The 'Number of Partnership Shares acquired' were purchased at 395 pence. The NAESPP operates as follows -- Each month the Administrator uses participants' contributions (which are from 1% to 5% of base salary but may not exceed $10,000 per participant per year) to purchase shares in the market. These shares are called 'Partnership Shares'. Participants may hold both fractional and whole Partnership Shares. -- For every two Partnership Shares the participants still own after two years, the Company awards one free share. These are called 'Matching Shares'. -- Participants may change their monthly savings rate whenever they wish. However, Directors and others bound by the Company's Securities Dealing Code (the "Code") may not make such a change during a close period or when otherwise prohibited from dealing by the Code. -- The NAESPP is only open to employees of the Company based in Canada and the United States. No other Directors or PDMRs of the Company are participants in the NAESPP. Copyright Business Wire 2007Related Shares:
Centrica