2nd Sep 2008 15:06
Centrica plc (the Company) Directors/PDMR shareholding As part of the Company's twice annual allocations under its Long Term IncentiveScheme (LTIS), on 1 September 2008, a conditional allocation of ordinary sharesof 6 14/81 pence each in the Company was made by the trustee to a number ofemployees including Mark Hanafin: \* T TSR shares EPS shares Total number of shares in conditional allocation----------------------- ----------------- ---------------- ------------------------Mark Hanafin 165,754 165,754 331,508----------------------- ----------------- ---------------- ------------------------\* T Following this allocation Mr Hanafin has an interest over 331,508 ordinaryshares in the issued share capital of the Company. The allocation price for calculating the number of shares was 319.75p, being theaverage closing share price over the five business days immediately precedingthe allocation date of 1 September 2008. The conditional allocations shown above represent the maximum potential awardpossible if all performance criteria are met at the end of the three-yearperformance period. If and to the extent that the performance criteria aresatisfied at the conclusion of the performance period, the relevant number ofshares will be transferred to Mr Hanafin at the trustee's discretion. The percentage of the allocation eventually to vest is dependent on thesatisfaction of performance criteria over a three-year performance periodcommencing on 1 September 2008. The total number of Centrica shares in issue as at the end of 1 September 2008is 3,711,065,335. Enquiries: Centrica Media Relations: 0845 072 8001 Centrica Investor Relations: 01753 494900 Notes: Performance criteria \* T50 % on EPS* against RPI growth Full vesting for EPS* growth exceeding RPI growth by 30%. Zero vesting if EPS* growth fails to exceed RPI growth by 9%. Vesting will increase on a straight-line basis between 25% and 100% if EPS* growth exceeds RPI growth by between 9% and 30%.------------------------------------- ---------------------------------------------50 % on TSR against FTSE 100** Full vesting for upper quintile ranking. Zero vesting for sub-median ranking. Vesting will increase on a straight-line basis between 25% and 100% for ranking between median and upper quintile.------------------------------------- ---------------------------------------------\* T * EPS is calculated as the Company's earnings per share, adjusted forexceptional items and certain re-measurements arising on the application of IAS32 and IAS 39. ** The Remuneration Committee determined that, for that part of the LTIS subjectto the comparative TSR performance conditions, the most appropriate comparatorgroup for the Company is the companies comprising the FTSE 100 at the start ofthe relevant performance period (the LTIS comparator group). Copyright Business Wire 2008Related Shares:
Centrica