Centrica PLC — Director's Dealing 2022

Apr 4, 2022

National Storage Mechanism | Additional information

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 614/81 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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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 614/81 pence

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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