19th Jun 2009 15:56
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 19 June 2009 that the following shares were acquired/ allotted and held on behalf of the following PDMR of the Company under the NAESPP:
| Number | Number | Number | Number | Aggregate Shares held | ||||||
| of Partnership | of Partnership | of Matching* | of Matching* | Beneficially | ||||||
| Shares acquired at 248p/ share on 30 April 2009 | Shares acquired at 247p/ share on 31 May 2009 | Shares allotted at 227p/ share 9 May 2009 | Shares allotted at 246p/ share 11 June 2009 | (across all accounts following allotment) | ||||||
| Persons Discharging Managerial Responsibility | ||||||||||
| Deryk King | 349 | 324 | 92 | 101 | 511,847 |
* The Matching element relates to the Partnership Shares acquired by Deryk King on 9 May 2007 and 11 June 2007.
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.Julia FooCentrica plc01753 494016
Copyright Business Wire 2009
Related Shares:
Centrica