Centrica PLC — Remuneration Information 2017

Apr 4, 2017

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RNS Number : 5272B

Centrica PLC

04 April 2017

4 April 2017

Centrica plc ('the Company')

Notification of Transactions of Directors

The Company was notified on 3 April 2017 of the following transactions which took place in London and are in respect of Centrica plc ordinary shares of 614/81pence (Shares).

Grant of Awards

Awards over Shares were granted on 1 April 2017 to Executive Directors ('Executives').  The awards were granted under the terms of the Centrica Long Term Incentive Plan (LTIP) and consisted of conditional awards and forfeitable shares. 

Conditional Awards Granted Under the LTIP

	Number of Shares subject to award
Jeff Bell	755,702
Iain Conn	1,270,953
Mark Hanafin	858,752
Mark Hodges	858,752

The above awards are subject to the satisfaction of performance conditions over a 3 year period commencing with 2017, and continued employment, in accordance with the approved Remuneration Policy. Post vesting, the shares are subject to an additional 2 year holding period.

Forfeitable Shares Acquired Under the LTIP

	Number of Shares acquired
Jeff Bell	194,097
Iain Conn	347,632
Mark Hanafin	220,565
Mark Hodges	249,208

The above Shares were acquired at 218.2p with deferred Annual Incentive Plan (AIP) funds and are subject to a mandatory holding period of 3 years for two-thirds of the Shares and 4 years for the balance.

Release of Shares

On 3 April 2017, Shares were released to Executives from the Centrica Deferred and Matching Share Scheme (DMSS), the Centrica Share Award Scheme (SAS) and the Centrica On Track Incentive Plan (OTIP).

	Number of Shares released from DMSS	Number of Shares released from SAS	Number of Shares released from OTIP	Number of Shares sold to cover statutory withholding  liabilities	Sale price per Share
Jeff Bell	12,542	29,123	83,112	58,764	215.5p
Mark Hanafin	47,832	-	-	22,527	215.5p

This announcement is made following notification under Disclosure Rule 3.1.2.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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