Centrica PLC Director/PDMR Shareholding (1247Q)
June 24 2022 - 6:30AM
UK Regulatory
TIDMCNA
RNS Number : 1247Q
Centrica PLC
24 June 2022
Centrica plc (the "Company")
24 June 2022
Notification of Transactions of Directors
The Company announces the following transactions in respect of
the Company's Ordinary Shares of 6(14/81) pence ("Shares") relating
to Executive Directors.
The following notifications, made pursuant to Article 19 of the
Market Abuse Regulation, provide further details.
Grant of Awards
Restricted Share Plan (RSP) awards of Shares were granted on 23
June 2022 to two Executive Directors.
The awards were granted under the terms of the Centrica Long
Term Incentive Plan.
Release of the RSP awards is subject to continued employment and
the satisfaction of an underpin, assessed over the three-year
period 2022 to 2024. In assessing the underpin, the Remuneration
Committee will consider the Company's overall performance including
financial and non-financial performance measures over the course of
the vesting period, as well as any material risk or regulatory
failures identified. Financial performance will include elements
such as revenue, profitability, shareholder experience and return
on capital. Non-financial performance will include a range of
operational and strategic measures critical to the Company's
long-term sustainable success. Post vesting, the Shares are subject
to a mandatory additional two-year holding period.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name(s) Chris O'Shea
--------------------------------- -----------------------------------------------------------------------------
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
Identification code GB00B033F229
--------------------------------- -----------------------------------------------------------------------------
b) Nature of the transaction Grant of RSP Award under the Centrica Long Term Incentive Plan.
The number of Shares calculated by reference to a price of 79.6p, being the
average of the
Company's Share price over the five trading days immediately preceding the
date of grant.
--------------------------------- -----------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume
79.6p 1,496,336
----------
--------------------------------- -----------------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 1,496,336
79.6p
* Price
-------------------------------------- -----------------------------------------------------------------------------
e) Date of the transaction 23 June 2022
--------------------------------- -----------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -----------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name(s) Kate Ringrose
--------------------------------- -----------------------------------------------------------------------------
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
Identification code GB00B033F229
--------------------------------- -----------------------------------------------------------------------------
b) Nature of the transaction Grant of RSP Award under the Centrica Long Term Incentive Plan.
The number of Shares calculated by reference to a price of 79.6p, being the
average of the
Company's Share price over the five trading days immediately preceding the
date of grant.
--------------------------------- -----------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume
79.6p 724,033
--------
--------------------------------- -----------------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 724,033
79.6p
* Price
-------------------------------------- -----------------------------------------------------------------------------
e) Date of the transaction 23 June 2022
--------------------------------- -----------------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- -----------------------------------------------------------------------------
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
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END
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