Director/PDMR Shareholding

RNS Number : 1247Q

Centrica PLC

24 June 2022

 

Centrica plc (the "Company")

24 June 2022

Notification of Transactions of Directors

The Company announces 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

Restricted Share Plan (RSP) awards of Shares were granted on 23 June 2022 to two Executive Directors.

The awards were granted under the terms of the Centrica Long Term Incentive Plan. 

Release of the RSP awards is subject to continued employment and the satisfaction of an underpin, assessed over the three-year period 2022 to 2024.  In assessing the underpin, the Remuneration Committee will consider the Company's overall performance including financial and non-financial performance measures over the course of the vesting period, as well as any material risk or regulatory failures identified.  Financial performance will include elements such as revenue, profitability, shareholder experience and return on capital. Non-financial performance will include a range of operational and strategic measures critical to the Company's long-term sustainable success.  Post vesting, the Shares are subject to a mandatory 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 RSP Award under the Centrica Long Term Incentive Plan. The number of Shares calculated by reference to a price of 79.6p, 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 79.6p 1,496,336
d)	Aggregated information -  Aggregated volume -  Price	1,496,336 79.6p
e)	Date of the transaction	23 June 2022
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 RSP Award under the Centrica Long Term Incentive Plan. The number of Shares calculated by reference to a price of 79.6p, 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 79.6p 724,033
d)	Aggregated information -  Aggregated volume -  Price	724,033 79.6p
e)	Date of the transaction	23 June 2022
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

 

 

DSHPPUGUQUPPGUC