TIDMCNA

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 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 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       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 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               1,186,547 
                                            103p 
 
      *    Price 
 --------------------------------------  ----------------------------------------------------------------------------- 
 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       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 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               655,148 
                                            103p 
 
      *    Price 
 --------------------------------------  ----------------------------------------------------------------------------- 
 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       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 
                                          2022 financial year. 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume(s)              Price   Volume 
                                             102p   694,925 
                                                   -------- 
      ---------------------------------  ----------------------------------------------------------------------------- 
 d)      Aggregated information 
 
      *    Aggregated volume               694,925 
                                            102p 
 
      *    Price 
 --------------------------------------  ----------------------------------------------------------------------------- 
 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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