21st Aug 2007 17:10
Purchase of ordinary shares of 6 14/81 pence in Centrica plc ("Shares" and the"Company", respectively) by Directors of the Company under its Share IncentivePlan ("SIP"). The SIP trustee, Hill Samuel ESOP Trustees Limited (the "Trustee"), notified theCompany on 21 August 2007 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 20 August 2007held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired (a) following acquisition)Phil Bentley 51 613,088Sam Laidlaw 51 341,754Nick Luff 51 200,051Jake Ulrich 51 860,984 Persons Discharging Managerial ResponsibilityGrant Dawson 51 277,714Catherine May 52 5,993Anne Minto 51 195,458Chris Weston 51 133,743\* T (a) The 'Number of Shares Acquired' includes 34 Partnership shares (35 forCatherine May due to a higher residual balance) acquired at 365.25 pence pershare and 17 Matching shares acquired at 357.17 pence per share. BothPartnership and Matching elements are registered in the name of the Trustee. (2) They had transferred 13,859 ordinary shares of 6 14/81 pence each fromLloyds TSB Registrars Corporate Nominee Limited AESOP1 (Allocated shares) toLloyds TSB Registrars Corporate Nominee Limited AESOP2 (Unallocated shares). Thetransfer was made following the forfeiture of shares, under the rules of theSIP, by participants who have left the group since the last purchase and theshares had been used towards August's allocation of Matching shares. TheDirectors listed above, together with some 5,270 other employees, areparticipants in the SIP and are potentially interested in the remaining 883shares held by Lloyds TSB Registrars Corporate Nominee Limited AESOP2 leftfollowing 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 2007Related Shares:
Centrica