20th Sep 2006 17:06
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 20 September 2006 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 September2006 held through the Trustee: Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 58 456,600Mark Clare 58 107,122Jake Ulrich 58 719,143 Persons Discharging Managerial ResponsibilityGrant Dawson 58 219,316Anne Minto 58 115,733Chris Weston 43 75,692 * The 'Number of Shares Acquired' includes 39 Partnership shares (except forChris Weston which includes 29 Partnership shares) acquired at 318.00 pence pershare and 19 Matching shares (except for Chris Weston which includes 14 Matchingshares) acquired at 314.25 pence per share. Both Partnership and Matchingelements are registered in the name of the Trustee. (2) They had transferred 14,689 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 September's allocation of Matching shares. TheDirectors listed above, together with some 5437 other employees, areparticipants in the Plan and are potentially interested in the remaining 1,676shares 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 2006Related Shares:
Centrica