TIDMCNA

RNS Number : 5272B

Centrica PLC

04 April 2017

4 April 2017

Centrica plc ('the Company')

Notification of Transactions of Directors

The Company was notified on 3 April 2017 of the following transactions which took place in London and are in respect of Centrica plc ordinary shares of 6(14/81) pence (Shares).

Grant of Awards

Awards over Shares were granted on 1 April 2017 to Executive Directors ('Executives'). The awards were granted under the terms of the Centrica Long Term Incentive Plan (LTIP) and consisted of conditional awards and forfeitable shares.

Conditional Awards Granted Under the LTIP

 
                 Number of Shares 
                  subject to award 
--------------  ------------------ 
 Jeff Bell            755,702 
--------------  ------------------ 
 Iain Conn           1,270,953 
--------------  ------------------ 
 Mark Hanafin         858,752 
--------------  ------------------ 
 Mark Hodges          858,752 
--------------  ------------------

The above awards are subject to the satisfaction of performance conditions over a 3 year period commencing with 2017, and continued employment, in accordance with the approved Remuneration Policy. Post vesting, the shares are subject to an additional 2 year holding period.

Forfeitable Shares Acquired Under the LTIP

 
                 Number of Shares 
                     acquired 
--------------  ----------------- 
 Jeff Bell           194,097 
--------------  ----------------- 
 Iain Conn           347,632 
--------------  ----------------- 
 Mark Hanafin        220,565 
--------------  ----------------- 
 Mark Hodges         249,208 
--------------  -----------------

The above Shares were acquired at 218.2p with deferred Annual Incentive Plan (AIP) funds and are subject to a mandatory holding period of 3 years for two-thirds of the Shares and 4 years for the balance.

Release of Shares

On 3 April 2017, Shares were released to Executives from the Centrica Deferred and Matching Share Scheme (DMSS), the Centrica Share Award Scheme (SAS) and the Centrica On Track Incentive Plan (OTIP).

 
                   Number       Number       Number      Number of        Sale 
                  of Shares    of Shares    of Shares    Shares sold      price 
                  released     released     released      to cover      per Share 
                    from         from         from        statutory 
                    DMSS          SAS         OTIP       withholding 
                                                         liabilities 
--------------  -----------  -----------  -----------  -------------  ----------- 
 Jeff Bell         12,542       29,123       83,112        58,764        215.5p 
--------------  -----------  -----------  -----------  -------------  ----------- 
 Mark Hanafin      47,832         -            -           22,527        215.5p 
--------------  -----------  -----------  -----------  -------------  -----------

This announcement is made following notification under Disclosure Rule 3.1.2.

Centrica plc is listed on the London Stock Exchange (CNA)

Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654

Legal Entity Identifier number: E26EDV109X6EEPBKVH76

ISIN number: GB00B033F229

This information is provided by RNS

The company news service from the London Stock Exchange

END

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