REG - Centrica PLC - Director/PDMR Shareholding

CentricaAnnouncement

26/03/2024 15:30

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RNS Number : 3809I  Centrica PLC  26 March 2024

Centrica plc (the "Company")

26 March 2024

Notification of Transactions of Directors

The Company announces the following transactions in respect of the Company's
Ordinary Shares of 6 (14)/(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 25 March 2024 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 2024 to
2026.  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             Ordinary Shares of 6 (14)/(81) pence

     instrument, type of instrument

     Identification code                      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 £1.2739, 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
                                              £1.2739   1,006,750
 d)  Aggregated information

     -        Aggregated volume               1,006,750

     -        Price                           £1,282,500

 e)  Date of the transaction                  25 March 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

 

-        Aggregated volume

-        Price

 

 

 

1,006,750

£1,282,500

 

e)

Date of the transaction

25 March 2024

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             Ordinary Shares of 6 (14)/(81) pence

     instrument, type of instrument

     Identification code                      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 £1.2739, 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
                                              £1.2739   578,930
 d)  Aggregated information

     -        Aggregated volume               578,930

     -        Price                           £737,500

 e)  Date of the transaction                  25 March 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

 

-        Aggregated volume

-        Price

 

 

 

578,930

£737,500

 

e)

Date of the transaction

25 March 2024

f)

Place of the transaction

Outside a trading venue

 

Acquisition of Shares

On 25 March 2024, Shares were acquired by Executive Directors as a result of
the Annual Incentive Plan award relating to the 2023 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             Ordinary Shares of 6 (14)/(81) pence

     instrument, type of instrument

     Identification code

                                              GB00B033F229
 b)  Nature of the transaction                Ordinary Shares acquired as a deferred award under the Annual Incentive Plan
                                              relating to the 2023 financial year.
 c)  Price(s) and volume(s)                   Price     Volume
                                              £1.2686   562,135
 d)  Aggregated information

     -        Aggregated volume               562,135

     -        Price                           £713,125

 e)  Date of the transaction                  25 March 2024
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

 

-        Aggregated volume

-        Price

 

 

 

562,135

£713,125

 

e)

Date of the transaction

25 March 2024

f)

Place of the transaction

Outside a trading venue

 

 Details of the person discharging managerial responsibilities/person closely
 associated
 Name(s)                             Russell O'Brien
 Reason for the notification
 Position/status                     Executive Director
 Initial notification/Amendment      Initial Notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                Centrica plc
 LEI                                 E26EDV109X6EEPBKVH76
 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
 Description of the financial        Ordinary Shares of 6 (14)/(81) pence

 instrument, type of instrument

 Identification code

                                     GB00B033F229
 Nature of the transaction           Ordinary Shares acquired as a deferred award under the Annual Incentive Plan
                                     relating to the 2023 financial year.
 Price(s) and volume(s)              Price     Volume
                                     £1.2686   252,406
 Aggregated information

 -        Aggregated volume          252,406

 -        Price                      £320,203

 Date of the transaction             25 March 2024
 Place of the transaction            Outside a trading venue

Aggregated information

 

-        Aggregated volume

-        Price

 

 

 

252,406

£320,203

 

Date of the transaction

25 March 2024

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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