25 May 2016
Centrica plc (‘the Company’)
Notification of Transaction of a Person Discharging Managerial Responsibility
Acquisition of ordinary shares of 614/81 pence (‘Shares’) by a Person Discharging Managerial Responsibility (‘PDMR’) under the Company’s North American Employee Share Purchase Plan (‘NAESPP’).
Computershare Trust Company of Canada Inc (‘the Administrator’) notified the Company on
24 May 2016 that the following PDMR acquired Shares under the NAESPP on 24 May 2016, held by the Administrator on behalf of the PDMR:
|PDMR||Partnership Shares Acquired||
(pence per share)
This announcement is made following notification under Disclosure Rule 3.1.2.
The transaction took place in London.
Head of Secretariat, Centrica plc
Centrica Investor Relations: +44 (0)1753 494900
Centrica Media Relations: +44 (0)1753 494105
The NAESPP operates as follows:
- Each month the Administrator uses participants’ contributions (between 1% and 5% of base salary limited to a maximum investment of $10,000 per annum) to purchase shares in the market. These shares are called Partnership Shares and are registered in the name of the participant. Participants may hold both fractional and whole Partnership Shares.
- For every two Partnership Shares participants still own after two years the Company awards one Matching Share on the second anniversary of the Partnership Shares purchase.
- Participants may change their monthly savings rate whenever they wish. However, Directors and others bound by the Company’s Share Dealing Code (the Code) may not make such a change during a close period or when otherwise prohibited from dealing by the Code.
- The NAESPP is open to employees who have continuous service with the Company’s North American participating companies.