Director/PDMR Shareholding

Centrica PLC
17 May 2024
 

Centrica plc (the "Company")

17 May 2024

Notification of Transactions of Directors

The Company announces that it was notified on 17 May 2024 of the following transactions in respect of the Company's Ordinary Shares of 614/81 pence ("Shares").

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

Vesting of Award - Long Term Incentive Plan

Awards granted under Centrica plc's Long Term Incentive Plan ("LTIP") on 17 May 2021 vested today, 17 May 2024.

As reported in the Company's 2022 Annual Report and Accounts, the vesting of the award was subject to the satisfaction of performance conditions assessed over the three-year period from 1 January 2020 to 31 December 2022. The vesting outcome was 76% of the original award.

Following the sale of Shares to cover statutory withholding liabilities, the remaining Shares will be held for a mandatory 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 614/81 pence

 

 

 

GB00B033F229

b)

Nature of the transaction

Vesting on 17 May 2024 of nil cost conditional award granted on 17 May 2021 under the LTIP and subsequent sale of Shares to cover statutory withholding liabilities. The remaining Shares are subject to a mandatory two-year holding period.

c)

Price(s) and volume(s)

Number of Shares vested

Number of Shares sold to cover statutory withholding liabilities

Number of Shares retained

Sale Price (£)

2,785,622

1,329,135

1,456,487

£1.438679

d)

Aggregated information

 

-        Aggregated volume

-        Price

 

 

 

As in 4(c) above.

As in 4(c) above.

 

e)

Date of the transaction

17 May 2024

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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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Companies

Centrica (CNA)
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