11th Mar 2008 15:05
Allotment 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 11 March2008 that the following shares were required to meet the Matching element on thePartnership Shares acquired by Deryk King on 7 February 2006. The shares wereallotted on 7 February 2008 and are held by the Administrator on behalf of MrKing: \* T Number Aggregate Shares held of Matching Beneficially (across all accounts Shares allotted* following allotment)Persons Discharging Managerial ResponsibilityDeryk King 112.99215 274,397.829365\* T * The 'Number of Matching Shares allotted' were at a price of 332 pence pershare. 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. 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 11 March2008 that they had acquired Shares on 29 February 2008 to be held on behalf ofthe following PDMR of the Company under the NAESPP: \* T Number Aggregate Shares held of Partnership Beneficially (across all accounts Shares acquired* following acquisition)Persons Discharging Managerial ResponsibilityDeryk King 226.08737 274,623.916735\* T * The 'Number of Partnership Shares acquired' were purchased at 314.75 pence. 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 2008Related Shares:
Centrica