Director/PDMR Shareholding

Centrica PLC

12 July 2024

 

Centrica plc (the "Company")

12 July 2024

Notification of Transactions of Directors

The Company announces  the following transactions on 12 July 2024 in respect of the Company's Ordinary Shares of 6 ¹⁴/₈₁ 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 14 June 2021 vested today, 12 July 2024.

As reported in the Company's 2023 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 2021 to 31 December 2023. The vesting outcome was 85% 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 6 14/81 pence GB00B033F229
b)	Nature of the transaction	Vesting on 12 July 2024 of nil cost conditional award granted on 14 June 2021 under the LTIP.
c)	Price(s) and volume(s)	Number of Shares vested Price (£) 3,993,838 Nil
d)	Aggregated information -        Aggregated volume -        Price	3,993,838 Nil
e)	Date of the transaction	12 July 2024
f)	Place of the transaction	Outside a trading venue
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 6 14/81 pence GB00B033F229
b)	Nature of the transaction	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 sold to cover statutory withholding liabilities Sale Price (£) 1,880,866 £1.38419
d)	Aggregated information -        Aggregated volume -        Price	1,880,866 £1.38419
e)	Date of the transaction	12 July 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

 

END