8th Apr 2014 09:00
8 April 2014
Centrica plc (‘the Company’)
Director/PDMR Shareholding
The following transactions took place in London and are in respect of Centrica plc ordinary shares of 614/81pence (Shares).
Transfer of Shares from the Deferred and Matching Share Scheme 2011 (DMSS)
The Company announces that on 7 April 2014, deferred and investment shares held under the terms of the DMSS were transferred to its Executive Directors and other Persons Discharging Managerial Responsibility (PDMRs), together the Executives, following the three year mandatory deferral period, as detailed below.
|
Executive Directors | Total number of DMSS deferred shares transferred | Total number of DMSS investment shares transferred | |||
| Sam Laidlaw | 180,646 | 37,619 | |||
| Mark Hanafin | 75,956 | 26,402 | |||
| Nick Luff | 76,138 | 30,186 | |||
| Chris Weston | 71,673 | 25,874 | |||
| PDMRs | |||||
| Grant Dawson | 35,645 | 17,497 | |||
| Jill Shedden | 10,007 | 7,488 |
The DMSS deferred and investment shares were purchased by the Executives in 2011 following mandatory and voluntary deferrals from annual bonus payments.
Performance against the Economic Profit target for the three year period ending in 2013 failed to meet the minimum threshold and, therefore, none of the conditional matching awards granted in 2011 have vested.
All Shares were retained by the Executives, save for the sale of sufficient Shares to settle 47% tax and National Insurance (NIC) withholding liability on the DMSS deferred awards.
This announcement is made following notifications under Disclosure Rule 3.1.2.
Nicola Carroll
Head of Company Secretarial Services
Centrica plc
01753 494009
Copyright Business Wire 2014
Related Shares:
Centrica