21st Nov 2006 17:30
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 November 2006 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 20 November 2006held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 55 460,828Sam Laidlaw 54 200,054Jake Ulrich 54 719,287 Persons Discharging Managerial ResponsibilityGrant Dawson 54 219,461Anne Minto 54 115,872Chris Weston 54 75,786\* T * The 'Number of Shares Acquired' includes 36 Partnership shares (Phil Bentleyreceived 37 partnership shares due to a slightly higher cash balance) acquiredat 342.75 pence per share and 18 Matching shares acquired at 344.83 pence pershare. Both Partnership and Matching elements are registered in the name of theTrustee. (2) They had transferred 15,724 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 November's allocation of Matching shares. TheDirectors listed above, together with some 5,447 other employees, areparticipants in the Plan and are potentially interested in the remaining 16,638shares 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