TIDMCNA

RNS Number : 9382J

Centrica PLC

05 April 2018

5 April 2018

Centrica plc

Notification of Transactions of Directors

Centrica plc (the "Company") announces that it was notified of the following transactions in respect of the Company's ordinary shares of 6(14/81) pence ("Shares") by Executive Directors.

The following notifications, made pursuant to Article 19 of the Market Abuse Regulation, provide further details.

   (i)        Grant of Awards 

Awards over Shares were granted on 1 April 2018 to Executive Directors. The awards were granted under the terms of the Centrica Long Term Incentive Plan and consisted of conditional awards. The awards are subject to continued employment.

Vesting of the awards is subject to the satisfaction of performance conditions. Post vesting, the shares are subject to an additional two year holding period.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ------------------------------------------------------------------------------------------------------------------------------ 
 a)   Name(s)                     Jeff Bell 
                                   Iain Conn 
                                   Mark Hanafin 
                                   Mark Hodges 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------------------------------------------------------------ 
 a)   Position/status             Executive Directors 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 b)   Initial                     Initial Notification 
      notification/Amendment 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------------------------------------------------------------------ 
 a)   Name                        Centrica plc 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 b)   LEI                         E26EDV109X6EEPBKVH76 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  ------------------------------------------------------------------------------------------------------------------------------ 
 a)   Description of the          Ordinary shares of 6(14/81) pence 
      financial                    GB00B033F229 
      instrument, type of 
      instrument 
      Identification code 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 b)   Nature of the transaction   Grant of Awards under the Centrica Long Term Incentive Plan 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 c)   Price(s) and volume(s)      Conditional awards of Shares, the number of Shares calculated by reference to a price of 138.17p, 
                                   being the average of the Company's Share price over the five trading days immediately preceding 
                                   the date of grant. 
                                      Executive     Number of Shares 
                                                       subject to 
                                                          award 
                                   --------------  ----------------- 
                                    Jeff Bell              1,040,385 
                                   --------------  ----------------- 
                                    Iain Conn              1,700,803 
                                   --------------  ----------------- 
                                    Mark Hanafin           1,153,470 
                                   --------------  ----------------- 
                                    Mark Hodges            1,153,470 
                                   --------------  ----------------- 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 d)     Aggregated information     As noted in (4c) above 
                                    As noted in (4c) above 
         *    Aggregated volume     As noted in (4c) above 
 
 
         *    Price 
 
 
         *    Total 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 e)   Date of the transaction     1 April 2018 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
---  --------------------------  -------------------------------------------------------------------------------------------------- 
 
   (ii)          Release of Shares - On Track Incentive Plan 

On 3 April 2018, Shares were released to an Executive Director following the vesting of an award that was granted on 1 April 2015, under the Centrica On Track Incentive Plan.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name(s)                           Jeff Bell 
---  --------------------------------  ------------------------------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                   Executive Director 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
---  --------------------------------  ------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                              Centrica plc 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   LEI                               E26EDV109X6EEPBKVH76 
---  --------------------------------  ------------------------------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of 6(14/81) pence 
       instrument, type of instrument    GB00B033F229 
       Identification code 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Nature of the transaction         Release of conditional awards vesting under the Centrica On Track Incentive 
                                        Plan that were 
                                        granted on 1 April 2015. 
---  --------------------------------  ------------------------------------------------------------------------------- 
 c)   Price(s) and volume(s)               Number        Number       Price 
                                           of Shares     of Shares 
                                           released        sold 
                                                         to cover 
                                                         statutory 
                                                        withholding 
                                                        liabilities 
                                         -----------  -------------  -------- 
                                              88,528         41,692   139.57p 
                                         -----------  -------------  -------- 
---  --------------------------------  ------------------------------------------------------------------------------- 
 d)     Aggregated information           As noted in (4c) above 
                                          As noted in (4c) above 
          *    Aggregated volume          As noted in (4c) above 
 
 
          *    Price 
 
 
          *    Total 
---  --------------------------------  ------------------------------------------------------------------------------- 
 e)   Date of the transaction           3 April 2018 
---  --------------------------------  ------------------------------------------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange (XLON) 
---  --------------------------------  ------------------------------------------------------------------------------- 
 
   (iii)        Release of Shares - Long Term Incentive Scheme 2014 

On 3 April 2018, Shares were released to an Executive Director following the vesting of an award that was granted on 1 April 2015, under the Centrica Long Term Incentive Scheme 2014.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name(s)                           Iain Conn 
---  --------------------------------  ------------------------------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                   Executive Director 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
---  --------------------------------  ------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                              Centrica plc 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   LEI                               E26EDV109X6EEPBKVH76 
---  --------------------------------  ------------------------------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of 6(14/81) pence 
       instrument, type of instrument    GB00B033F229 
       Identification code 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Nature of the transaction         Release of a conditional award under the Centrica Long Term Incentive Scheme 
                                        2014 that was 
                                        granted on 1 April 2015. The award vested on 1 April 2017 and has been subject 
                                        to a one year 
                                        mandatory holding period. 
---  --------------------------------  ------------------------------------------------------------------------------- 
 c)   Price(s) and volume(s)               Number        Number       Price 
                                           of Shares     of Shares 
                                           released        sold 
                                                         to cover 
                                                         statutory 
                                                        withholding 
                                                        liabilities 
                                         -----------  -------------  -------- 
                                             598,843        282,021   139.57p 
                                         -----------  -------------  -------- 
---  --------------------------------  ------------------------------------------------------------------------------- 
 d)     Aggregated information           As noted in (4c) above 
                                          As noted in (4c) above 
          *    Aggregated volume          As noted in (4c) above 
 
 
          *    Price 
 
 
          *    Total 
---  --------------------------------  ------------------------------------------------------------------------------- 
 e)   Date of the transaction           3 April 2018 
---  --------------------------------  ------------------------------------------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange (XLON) 
---  --------------------------------  ------------------------------------------------------------------------------- 
 
   (iv)         Release of Shares - Deferred and Matching Share Scheme (DMSS) 

On 3 April 2018, Shares were released to an Executive Director following the vesting of awards that were granted on 1 April 2015, under the Centrica Deferred and Matching Share Scheme.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name(s)                           Mark Hanafin 
---  --------------------------------  ------------------------------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                   Executive Director 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
---  --------------------------------  ------------------------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                              Centrica plc 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   LEI                               E26EDV109X6EEPBKVH76 
---  --------------------------------  ------------------------------------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial      Ordinary shares of 6(14/81) pence 
       instrument, type of instrument    GB00B033F229 
       Identification code 
---  --------------------------------  ------------------------------------------------------------------------------- 
 b)   Nature of the transaction         Release of deferred bonus awards under the Centrica Deferred and Matching 
                                        Share Scheme that 
                                        were granted on 1 April 2015. 
---  --------------------------------  ------------------------------------------------------------------------------- 
 c)   Price(s) and volume(s)               Number        Number       Price 
                                           of Shares     of Shares 
                                           released        sold 
                                                         to cover 
                                                         statutory 
                                                        withholding 
                                                        liabilities 
                                         -----------  -------------  -------- 
                                             181,439         80,687   139.57p 
                                         -----------  -------------  -------- 
---  --------------------------------  ------------------------------------------------------------------------------- 
 d)     Aggregated information           As noted in (4c) above 
                                          As noted in (4c) above 
          *    Aggregated volume          As noted in (4c) above 
 
 
          *    Price 
 
 
          *    Total 
---  --------------------------------  ------------------------------------------------------------------------------- 
 e)   Date of the transaction           3 April 2018 
---  --------------------------------  ------------------------------------------------------------------------------- 
 f)   Place of the transaction          London Stock Exchange (XLON) 
---  --------------------------------  ------------------------------------------------------------------------------- 
 

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

DSHUGUUGCUPRUBA

(END) Dow Jones Newswires

April 05, 2018 06:20 ET (10:20 GMT)

Centrica (LSE:CNA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Centrica Charts.
Centrica (LSE:CNA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Centrica Charts.