3rd Mar 2010 11:30
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the "Company", respectively) by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs) under its Share Incentive Plan ("SIP").
The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notified the Company on 2 March 2010 that:
(1) The following Directors and other Persons Discharging Managerial Responsibility for the Company acquired Shares under the SIP on 1 March 2010 held through the Trustee:
| Number | Aggregate Shares held | ||||
| Of Shares | Beneficially (across all accounts | ||||
| Directors | Acquired* | following acquisition) | |||
| Phil Bentley | 66 | 1,279,284 | |||
| Sam Laidlaw | 66 | 1,210,638 | |||
| Nick Luff | 66 | 509,804 | |||
| Chris Weston | 66 | 421,880 | |||
| Mark Hanafin | 67 | 211,054 | |||
| Persons Discharging Managerial Responsibility | |||||
| Grant Dawson | 66 | 391,602 | |||
| Catherine May | 66 | 116,393 | |||
| Anne Minto | 66 | 433,882 | |||
* The 'Number of Shares Acquired' includes 44 Partnership shares acquired at 283.1 pence per share (45 Partnership shares for Mark Hanafin with a higher residual balance) and 22 Matching shares acquired at 276.5 pence per share. Both Partnership and Matching elements are registered in the name of the Trustee.
(2) They had transferred 15,000 Shares from Equiniti Corporate Nominees Limited AESOP1 (Allocated shares) to Equiniti Corporate Nominees Limited AESOP2 (Unallocated shares). The transfer was made following the forfeiture of shares, under the rules of the SIP, by participants who have left the group since the last purchase and the shares had been used towards February's allocation of Matching shares.
The SIP is made available to all UK employees and 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 22 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.Luke ThomasDeputy SecretaryCentrica plc01753 494012
Copyright Business Wire 2010
Related Shares:
Centrica