23rd Jul 2007 16:02
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 21 July2007 that the following shares were required to meet the Matching element on thePartnership Shares acquired by Deryk King on 14 July 2005. The shares wereallotted on 14 July 2007 and are held by the Administrator on behalf of Mr King: \* T Number Aggregate Shares held of Matching Beneficially (across all accounts Shares allotted(1) following allotment)Persons Discharging Managerial ResponsibilityDeryk King 155.26928 273,823.27449\* T (1) The 'Number of Matching Shares allotted' were at a price of 388 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. Copyright Business Wire 2007Related Shares:
Centrica