20th Dec 2006 17:15
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 December 2006 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 December 2006held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 52 460,880Sam Laidlaw 52 200,106Jake Ulrich 54 719,341 Persons Discharging Managerial ResponsibilityGrant Dawson 54 219,515Anne Minto 54 115,926Chris Weston 54 75,840\* T * The 'Number of Shares Acquired' includes 36 Partnership shares (Phil Bentleyand Sam Laidlaw received 35 partnership shares each due to slightly lower cashbalances) acquired at 353.25 pence per share and 18 Matching shares (PhilBentley and Sam Laidlaw received 17 Matching shares each) acquired at 343.00pence per share. Both Partnership and Matching elements are registered in thename of the Trustee. (2) They had transferred 11,765 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 December's allocation of Matching shares. TheDirectors listed above, together with some 5,461 other employees, areparticipants in the Plan and are potentially interested in the remaining 326shares 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