Director/PDMR Shareholding

RNS Number : 1787H

Centrica PLC

04 April 2022

 

Centrica plc (the "Company")

4 April 2022

Notification of Transactions of Directors

The Company announces that it was notified on 4 April 2022 of the following transactions in respect of the Company's Ordinary Shares of 6^14/81 pence ("Shares") relating to Executive Directors.

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

Release of Shares - Centrica On Track Incentive Plan

On 1 April, Shares were released to an Executive Director following the vesting of awards that were granted on 1 April 2019, under the Centrica On Track Incentive Plan. 

The awards were granted before the Executive Director was appointed to the Board and all Shares, following the sale of Shares to cover statutory withholding liabilities, will be held until the minimum shareholding requirement is reached.

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	Ordinary Shares acquired following the vesting of conditional awards under the Centrica On Track Incentive Plan.  The awards were granted on 1 April 2019.
c)	Price(s) and volume(s)	Price Volume Nil 30,162
d)	Aggregated information -  Aggregated volume -  Price	30,162 Nil
e)	Date of the transaction	1 April 2022
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 614/81pence GB00B033F229
b)	Nature of the transaction	Sale of Shares to cover statutory withholding liabilities due on the release of conditional awards under the Centrica On Track Incentive Plan.
c)	Price(s) and volume(s)	Number of Shares sold to cover statutory withholding liabilities Price 14,239 78.5p
d)	Aggregated information -  Aggregated volume -  Price	14,239 78.5p
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	London Stock Exchange (XLON)

Release of Shares - Centrica Share Award Scheme

On 1 April, Shares were released to an Executive Director following the vesting of awards that were granted on 1 September 2020, under the Centrica Share Award Scheme. 

The awards were granted before the Executive Director was appointed to the Board and all Shares, following the sale of Shares to cover statutory withholding liabilities, will be held until the minimum shareholding requirement is reached.

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	Ordinary Shares acquired following the vesting of conditional awards under the Centrica Share Award Scheme.  The awards were granted on 1 September 2020.
c)	Price(s) and volume(s)	Price Volume Nil 139,901
d)	Aggregated information -  Aggregated volume -  Price	139,901 Nil
e)	Date of the transaction	1 April 2022
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 614/81pence GB00B033F229
b)	Nature of the transaction	Sale of Shares to cover statutory withholding liabilities due on the release of conditional awards under the Centrica Share Award Scheme.
c)	Price(s) and volume(s)	Number of Shares sold to cover statutory withholding liabilities Price 66,043 78.5p
d)	Aggregated information -  Aggregated volume -  Price	66,043 78.5p
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	Outside a trading venue

Release following holding period of Annual Incentive Plan Deferred Shares

On 1 April, Shares were released to an Executive Director following the end of the three-year holding period.  The shares were awarded on 1 April 2019 as a result of the Annual Incentive Plan award relating to the 2018 financial year.

All Shares, following the sale of Shares to cover statutory withholding liabilities, will be held until the minimum shareholding requirement is reached.

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	Ordinary Shares acquired following the end of the three-year holding period. The Shares were originally awarded on 1 April 2019 as a deferred award under the Annual Incentive Plan
c)	Price(s) and volume(s)	Price Volume Nil 68,689
d)	Aggregated information -  Aggregated volume -  Price	68,689 nil
e)	Date of the transaction	1 April 2022
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 614/81pence GB00B033F229
b)	Nature of the transaction	Sale of Shares to cover statutory withholding liabilities due on the vesting of deferred Annual Incentive Plan Shares.
c)	Price(s) and volume(s)	Number of Shares sold to cover statutory withholding liabilities Price 32,775 78.5p
d)	Aggregated information -  Aggregated volume -  Price	32,775 78.5p
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	London Stock Exchange (XLON)

Acquisition of Shares

On 1 April, Shares were acquired by an Executive Director as a result of the Annual Incentive Plan award relating to the 2021 financial year.  The Shares are subject to a three-year holding period.

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	Ordinary Shares acquired as a deferred award under the Annual Incentive Plan relating to the 2021 financial year.
c)	Price(s) and volume(s)	Price Volume 79.7p 304,549
d)	Aggregated information -  Aggregated volume -  Price	304,549 79.7p
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	Outside a trading venue

Acquisition of Shares

On 1 April, Shares were acquired by Executive Directors as a result of the Free Share Award granted to all Centrica colleagues. The Shares were granted under the Share Incentive Plan and are subject to a three-year holding period.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	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	Acquisition of Free Shares on behalf of a PDMR by Equiniti Share Plan Trustees Limited under the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 81.37p 465
d)	Aggregated information Aggregated volume -  Price	465 Shares 81.37p per Share
e)	Date of the transaction	1 April 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	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	Acquisition of Free Shares on behalf of a PDMR by Equiniti Share Plan Trustees Limited under the Company's Share Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) 81.37p 465
d)	Aggregated information Aggregated volume -  Price	465 Shares 81.37p per Share
e)	Date of the transaction	1 April 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

 

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