Acquisition

Acquisition

Centrica PLC

British Gas Energy acquires 22 per cent stake in Secure Electrans Ltd

Centrica plc, through its British Gas Energy division, today announced it has acquired a 22 per cent share of Secure Electrans Ltd for a cash consideration of £4 million.

Secure Electrans Ltd is developing an in-home payment device which will allow prepayment customers to make payments from the convenience of their home. This device will be available exclusively to British Gas customers and commercial roll-out is expected to commence in the next 12 months.

Enquiries:

Â

Centrica Investor Relations: [phone]

Â

Centrica Media Relations: [phone]

Â

Note to editors:

Centrica plc is acquiring a 22 per cent stake in Secure Electrans Ltd through its wholly-owned subsidiary, GB Gas Holdings Ltd.