20th Apr 2007 16:31
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 April 2007 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 April 2007held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accounts Directors Acquired (a) following acquisition) Phil Bentley 48 601,227 Sam Laidlaw 48 266,552 Jake Ulrich 48 860,699 Persons Discharging Managerial Responsibility Grant Dawson 48 277,427 Anne Minto 48 195,185 Chris Weston 48 133,548\* T (a) The 'Number of Shares Acquired' includes 32 Partnership shares acquired at386.50 pence per share and 16 Matching shares acquired at 392.58 pence pershare. Both Partnership and Matching elements are registered in the name of theTrustee. (2) They had transferred 12,944 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 April's allocation of Matching shares. TheDirectors listed above, together with some 5,401 other employees, areparticipants in the SIP and are potentially interested in the remaining 3,624shares 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