21st Nov 2007 14:05
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the"Company", respectively) by Directors of the Company and Persons DischargingManagerial Responsibility (PDMRs) under its Share Incentive Plan ("SIP"). The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notifiedthe Company on 20 November 2007 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 November 2007held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 54 623,667Sam Laidlaw 52 341,912Nick Luff 54 200,204Jake Ulrich 54 861,178 Persons Discharging Managerial ResponsibilityGrant Dawson 54 277,909Catherine May 54 6,146Anne Minto 54 195,647Chris Weston 54 133,896\* T * The 'Number of Shares Acquired' includes 36 Partnership shares (35 for thoseDirectors/PDMRs with a lower residual balance) acquired at 352.50 pence pershare and 18 Matching shares (17 for those Directors/PDMRs with a lower residualbalance) acquired at 351.58 pence per share. Both Partnership and Matchingelements are registered in the name of the Trustee. (2) They had transferred 12,000 ordinary shares of 6 14/81 pence each fromLloyds TSB Registrars Corporate Nominee Limited AESOP1 (Allocated shares) toLloyds TSB Registrars Corporate Nominee Limited AESOP2 (Unallocated shares). Thetransfer was made following the forfeiture of shares, under the rules of theSIP, by participants who have left the group since the last purchase and theshares had been used towards November's allocation of Matching shares. TheDirectors listed above, together with some 5,215 other employees, areparticipants in the SIP and are potentially interested in the remaining 809shares held by Lloyds TSB Registrars Corporate Nominee Limited AESOP2 leftfollowing the purchase. The SIP operates as follows -- Each month the Trustee uses participants' contributions (which may not exceed £125 per participant per month) to purchase shares in the market. These shares are called 'Partnership Shares'. -- At the same time the Company allots to participants via the Trustee one 'Matching Share' for every two partnership shares purchased that month (up to a maximum of 20 matching shares per month). -- 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. Copyright Business Wire 2007Related Shares:
Centrica