Director/PDMR Shareholding

RNS Number : 8359B

Centrica PLC

14 June 2021

 

Centrica plc (the "Company")

14 June 2021

Notification of Transactions of Directors

The Company announces that it was notified on 14 June 2021 of 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

Conditional awards of Shares were granted on 14 June 2021 to two Executive Directors.

The conditional awards were granted under the terms of the Centrica Long Term Incentive Plan and are in respect of the three-year performance period 2021-23. 

Vesting of the conditional awards is subject to continued employment and the satisfaction of stretching financial and non-financial performance conditions across the three-year performance period including Total Shareholder Return, Earnings per Share, cash conversion, safety, customer and employee engagement.  Post vesting, the Shares are subject to an additional two-year holding period.

Details of the maximum number of shares which could vest under these conditional awards are shown below:

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 52.46p, 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 52.46p 4,431,948
d)	Aggregated information -  Aggregated volume -  Price	4,431,948 52.46p
e)	Date of the transaction	14 June 2021
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 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 52.46p, 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 52.46p 1,501,143
d)	Aggregated information -  Aggregated volume -  Price	1,501,143 52.46p
e)	Date of the transaction	14 June 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

 

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