20th Sep 2007 16:14
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the"Company", respectively) by Directors of the Company under its Share IncentivePlan ("SIP"). The SIP trustee, Hill Samuel ESOP Trustees Limited (the "Trustee"), notified theCompany on 20 September 2007 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 September2007 held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 49 613,137Sam Laidlaw 49 341,803Nick Luff 48 200,099Jake Ulrich 48 861,032 Persons Discharging Managerial ResponsibilityGrant Dawson 49 277,763Catherine May 48 6,041Anne Minto 49 195,507Chris Weston 48 133,791\* T * The 'Number of Shares Acquired' includes 32 Partnership shares (33 for thosePDMRs with a higher residual balance) acquired at 382.50 pence per share and 16Matching shares acquired at 375.25 pence per share. Both Partnership andMatching elements are registered in the name of the Trustee. (2) They had transferred 15,092 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 September's allocation of Matching shares. TheDirectors listed above, together with some 5,190 other employees, areparticipants in the SIP and are potentially interested in the remaining 975shares 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