⌘K
t
Centrica plc announced on 17 May 2024 that a Long Term Incentive Plan award for Executive Director Chris O'Shea, granted on 17 May 2021, vested on 17 May 2024 with a 76% outcome. A total of 2,785,622 shares vested, of which 1,329,135 shares were sold at £1.438679 per share to cover statutory withholding liabilities. The remaining 1,456,487 shares are subject to a mandatory two-year holding period.
| Date | 17 May 2024 |
| Time | 17:00:00 |
| Category | Director/PDMR dealings |
| ID | 9777O |
Centrica plc (the "Company")
17 May 2024
Notification of Transactions of Directors
The Company announces that it was notified on 17 May 2024 of the following transactions in respect of the Company's Ordinary Shares of 614/81 pence ("Shares").
The following notification, made pursuant to Article 19 of the Market Abuse Regulation, provides further details.
Vesting of Award - Long Term Incentive Plan
Awards granted under Centrica plc's Long Term Incentive Plan ("LTIP") on 17 May 2021 vested today, 17 May 2024.
As reported in the Company's 2022 Annual Report and Accounts, the vesting of the award was subject to the satisfaction of performance conditions assessed over the three-year period from 1 January 2020 to 31 December 2022. The vesting outcome was 76% of the original award.
Following the sale of Shares to cover statutory withholding liabilities, the remaining Shares will be held for a mandatory 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 |
Vesting on 17 May 2024 of nil cost conditional award granted on 17 May 2021 under the LTIP and subsequent sale of Shares to cover statutory withholding liabilities. The remaining Shares are subject to a mandatory two-year holding period. |
||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||
|
d) |
Aggregated information
- Aggregated volume - Price
|
As in 4(c) above. As in 4(c) above.
|
||||||||
|
e) |
Date of the transaction |
17 May 2024 |
||||||||
|
f) |
Place of the transaction |
London Stock Exchange (XLON) |
||||||||
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