20th Feb 2008 16:44
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the"Company", respectively) by Directors of the Company and Persons DischargingManagerial Responsibility (PDMRs) under its Share Incentive Plan ("SIP"). The SIP trustee, Equiniti Share Plan Trustees Limited (the "Trustee"), notifiedthe Company on 20 February 2008 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 February 2008held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 55 623,831Sam Laidlaw 57 342,078Nick Luff 57 200,369Jake Ulrich 55 861,342 Persons Discharging Managerial ResponsibilityGrant Dawson 55 278,073Catherine May 57 6,311Anne Minto 55 195,811Chris Weston 57 134,061\* T * The 'Number of Shares Acquired' includes 37 Partnership shares (38 Partnershipshares for Sam Laidlaw, Nick Luff, Catherine May and Christopher Weston with ahigher residual balance) acquired at 330.44 pence per share and 18 Matchingshares (19 Matching shares for Sam Laidlaw, Nick Luff, Catherine May andChristopher Weston with a higher residual balance) acquired at 332.92 pence pershare. Both Partnership and Matching elements are registered in the name of theTrustee. (2) They had transferred 9,000 ordinary shares of 6 14/81 pence each from LloydsTSB Registrars Corporate Nominee Limited AESOP1 (Allocated shares) to Lloyds TSBRegistrars Corporate Nominee Limited AESOP2 (Unallocated shares). The transferwas made following the forfeiture of shares, under the rules of the SIP, byparticipants who have left the group since the last purchase and the shares hadbeen used towards February's allocation of Matching shares. The Directors listedabove, together with some 5,185 other employees, are participants in the SIP andare potentially interested in the remaining 221 shares held by Lloyds TSBRegistrars Corporate Nominee Limited AESOP2 left following 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 2008Related Shares:
Centrica