Centrica PLC
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 Incentive
Plan ('SIP').
The SIP trustee, Hill Samuel ESOP Trustees Limited (the 'Trustee'), notified the
Company on 21 November 2006 that:
(1) The following Directors and other Persons Discharging Managerial
Responsibility for the Company acquired Shares under the SIP on 20 November 2006
held through the Trustee:
-0-
*T
Number Aggregate Shares held
of Shares Beneficially (across all accounts
Directors Acquired* following acquisition)
Phil Bentley 55 460,828
Sam Laidlaw 54 200,054
Jake Ulrich 54 719,287
Persons Discharging Managerial
Responsibility
Grant Dawson 54 219,461
Anne Minto 54 115,872
Chris Weston 54 75,786
*T
* The 'Number of Shares Acquired' includes 36 Partnership shares (Phil Bentley
received 37 partnership shares due to a slightly higher cash balance) acquired
at 342.75 pence per share and 18 Matching shares acquired at 344.83 pence per
share. Both Partnership and Matching elements are registered in the name of the
Trustee.
(2) They had transferred 15,724 ordinary shares of 6 14/81 pence each from
Lloyds TSB Registrars Corporate Nominee Limited AESOP1 (Allocated shares) to
Lloyds TSB Registrars Corporate Nominee Limited AESOP2 (Unallocated shares). The
transfer was made following the forfeiture of shares, under the rules of the
SIP, by participants who have left the group since the last purchase and the
shares had been used towards November's allocation of Matching shares. The
Directors listed above, together with some 5,447 other employees, are
participants in the Plan and are potentially interested in the remaining 16,638
shares held by Lloyds TSB Registrars 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.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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