Centrica PLC — Director's Dealing 2023

Mar 22, 2023

National Storage Mechanism | Additional information

RNS Number : 9051T

Centrica PLC

22 March 2023

Centrica plc (the "Company")

22 March 2023

Notification of Transactions of Directors

The Company announces the following transactions in respect of the Company's Ordinary Shares of 614/81 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 21 March 2023 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 2023 to 2025.  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 614/81 pence

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 103p, 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
103p	1,186,547

d)

Aggregated information

-        Aggregated volume

-        Price

1,186,547

103p

e)

Date of the transaction

21 March 2023

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name(s)

Russell O'Brien

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

Grant of RSP Award under the Centrica Long Term Incentive Plan.

The number of Shares calculated by reference to a price of 103p, 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
103p	655,148

d)

Aggregated information

-        Aggregated volume

-        Price

655,148

103p

e)

Date of the transaction

21 March 2023

f)

Place of the transaction

Outside a trading venue

Acquisition of Shares

On 21 March 2023, Shares were acquired by an Executive Director as a result of the Annual Incentive Plan award relating to the 2022 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)

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 as a deferred award under the Annual Incentive Plan relating to the 2022 financial year.

c)

Price(s) and volume(s)

Price	Volume
102p	694,925

d)

Aggregated information

-        Aggregated volume

-        Price

694,925

102p

e)

Date of the transaction

21 March 2023

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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