4 April 2017
Centrica plc ('the Company')
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Notification of Transactions of Directors
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The Company was notified on 3 April 2017 of the following transactions which took place in London and are in respect of Centrica plc ordinary shares of 614/81pence (Shares).
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Grant of Awards
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Awards over Shares were granted on 1 April 2017 to Executive Directors ('Executives').� The awards were granted under the terms of the Centrica Long Term Incentive Plan (LTIP) and consisted of conditional awards and forfeitable shares.�
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Conditional Awards Granted Under the LTIP
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|
Number of Shares subject to award |
Jeff Bell |
755,702 |
Iain Conn |
1,270,953 |
Mark Hanafin |
858,752 |
Mark Hodges |
858,752 |
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The above awards are subject to the satisfaction of performance conditions over a 3 year period commencing with 2017, and continued employment, in accordance with the approved Remuneration Policy. Post vesting, the shares are subject to an additional 2 year holding period.
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Forfeitable Shares Acquired Under the LTIP
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|
Number of Shares acquired |
Jeff Bell |
194,097 |
Iain Conn |
347,632 |
Mark Hanafin |
220,565 |
Mark Hodges |
249,208 |
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The above Shares were acquired at 218.2p with deferred Annual Incentive Plan (AIP) funds and are subject to a mandatory holding period of 3 years for two-thirds of the Shares and 4 years for the balance.
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Release of Shares
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On 3 April 2017, Shares were released to Executives from the Centrica Deferred and Matching Share Scheme (DMSS), the Centrica Share Award Scheme (SAS) and the Centrica On Track Incentive Plan (OTIP).
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|
Number of Shares released from DMSS |
Number of Shares released from SAS |
Number of Shares released from OTIP |
Number of Shares sold to cover statutory withholding �liabilities |
Sale price per Share |
Jeff Bell |
12,542 |
29,123 |
83,112 |
58,764 |
215.5p |
Mark Hanafin |
47,832 |
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- |
22,527 |
215.5p |
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This announcement is made following notification under Disclosure Rule 3.1.2.
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