Last checked at 26 Mar 2024 15:25
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 instrument, type of instrument
Identification code | Ordinary Shares of 6 14/81 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 £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) |
| ||||
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 instrument, type of instrument
Identification code | Ordinary Shares of 6 14/81 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 £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) |
| ||||
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 instrument, type of instrument
Identification code | Ordinary Shares of 6 14/81 pence
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) |
| ||||
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 instrument, type of instrument
Identification code | Ordinary Shares of 6 14/81 pence
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) |
| ||||
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