Director/PDMR Shareholding

RNS Number : 8774Y

Centrica PLC

17 May 2021

 

Centrica plc (the "Company")

17 May 2021

Notification of Transactions of Directors

The Company announces that it was notified on 17 May 2021 of the following transactions in respect of the Company's Ordinary Shares of 6^14/81 pence ("Shares") relating to an Executive Director.

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

(i)  Grant of Awards

An award of Shares was granted on 17 May 2021 to an Executive Director, equivalent to 250% of base salary.

The award was granted under the terms of the Centrica Long Term Incentive Plan and as reported in the 2020 Remuneration Report, is in respect of the three-year performance period 2020-22.  This is a conditional award and it is subject to continued employment. 

Vesting of the award is subject to the satisfaction of the performance conditions that were disclosed in the 2020 Remuneration Report.  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)	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 instrument, type of instrument Identification code	Ordinary Shares of 614/81pence GB00B033F229
b)	Nature of the transaction	Grant of Conditional Award under the Centrica Long Term Incentive Plan. The number of Shares calculated by reference to a price of 55.00p, 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 55.00p 3,522,471
d)	Aggregated information -  Aggregated volume -  Price	3,522,471 55.00p
e)	Date of the transaction	17 May 2021
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

 

END

 

 

DSHGPUWUAUPGGWM