Source - RNS
RNS Number : 4673X
Centrica PLC
10 August 2018
 

10 August 2018

Centrica plc

Notification of Transactions of a Director

Centrica plc (the "Company") announces that it was notified of the following transactions in respect of the Company's ordinary shares of 614/81 pence ("Shares") by Executive Directors.

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

(i)           Vesting of Award - Long Term Incentive Plan

On 7 August 2018, an award vested under the Centrica Long Term Incentive Plan.  The award was granted on 7 August 2015.

The vesting of the award was subject to the satisfaction of performance conditions.  Following the sale of Shares for tax, the remaining Shares are subject to a two-year mandatory holding period until 7 August 2020.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name(s)

Jeff Bell

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

Sale of Shares for tax following the vesting of an award under the Centrica Long Term Incentive Plan that was granted on 7 August 2015.  The remaining Shares are subject to a two-year mandatory holding period.

c)

Price(s) and volume(s)

 

Executive Director

Number of vested Shares

Number of Shares sold to cover statutory withholding liabilities

Price

Jeff Bell

172,013

81,009

146.70p

d)

Aggregated information

 

-        Aggregated volume

-        Price

-        Total

 

 

As noted in (4c) above

As noted in (4c) above

As noted in (4c) above

e)

Date of the transaction

7 August 2018

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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