4th Sep 2008 16:43
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 3 September2008 that the following shares were acquired and held on behalf of the followingPDMR of the Company under the NAESPP: \* T Number Number Aggregate Shares held of Partnership of Partnership Shares Beneficially (across all Shares acquired acquired accounts following at 302p/ share on 31 at 308p/ share on 21 acquisition) July 2008 Aug 2008 Persons Discharging Managerial ResponsibilityDeryk King 236 224 319,898\* T 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 Foo Centrica plc 01753 494016 Copyright Business Wire 2008Related Shares:
Centrica