22nd Jan 2007 17:48
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 22 January 2007 that: (1) The following Directors and other Persons Discharging ManagerialResponsibility for the Company acquired Shares under the SIP on 19 January 2007held through the Trustee: \* T Number Aggregate Shares held of Shares Beneficially (across all accountsDirectors Acquired* following acquisition)Phil Bentley 51 460,931Sam Laidlaw 52 200,158Jake Ulrich 51 719,392 Persons Discharging Managerial ResponsibilityGrant Dawson 51 219,566Anne Minto 51 115,977Chris Weston 51 75,891\* T * The 'Number of Shares Acquired' includes 34 Partnership shares (Sam Laidlawreceived 35 partnership shares due to a slightly higher cash balance) acquiredat 361.25 pence per share and 17 Matching shares acquired at 360.25 pence pershare. Both Partnership and Matching elements are registered in the name of theTrustee. (2) They had transferred 9,963 ordinary shares of 6 14/81 pence each from LloydsTSB Registrars Corporate Nominee Limited AESOP1 (Allocated shares) to Lloyds TSBRegistrars Corporate Nominee Limited AESOP2 (Unallocated shares). The transferwas made following the forfeiture of shares, under the rules of the SIP, byparticipants who have left the group since the last purchase and the shares hadbeen used towards January's allocation of Matching shares. The Directors listedabove, together with some 5,447 other employees, are participants in the Planand are potentially interested in the remaining 5,289 shares held by Lloyds TSBRegistrars Corporate Nominee Limited AESOP2 left following 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