Director Shareholding
Centrica PLC
5 April 2005
Centrica plc
Annual Long Term Incentive Scheme Allocations
Centrica announces that on 1 April 2005, conditional allocations of ordinary
shares in Centrica plc were made by the trustee of the Centrica Long Term
Incentive Scheme (LTIS) to a number of employees, including the following
Executive Directors:
Executive director Number of shares
in conditional allocation
------------------------------------------------------------
Phillip Bentley 165,646
------------------------------------------------------------
Mark Clare 164,006
------------------------------------------------------------
Sir Roy Gardner 292,258
------------------------------------------------------------
Jake Ulrich 168,926
------------------------------------------------------------
The percentage of the allocation eventually to vest is dependent on the
satisfaction of performance criteria over a three-year performance period
commencing on 1 April 2005. The performance criteria are based on the Company's
total shareholder return (TSR) against that of the companies comprising the FTSE
100 at the start of the performance period (the Comparator Group).(1)
The base price from which performance will be measured is 234.87p (being the
average of the closing mid-market prices for Centrica plc for the period 1 April
2004 to 31 March 2005).
The conditional allocations shown above represent the maximum potential award
possible if all performance criteria are met at the end of the three-year
performance period. If and to the extent that performance criteria are satisfied
at the conclusion of the performance period, the relevant number of shares will
be transferred to executives at the trustee's discretion.
(1) The maximum allocation of shares only vests if the Company's TSR over the
performance period is ranked in 25th position or above in the Comparator Group.
No shares vest if the TSR over the performance period is ranked below 50th
position in the Comparator Group. From 25th to 50th position, shares vest on a
scale from 100% to 40%.
Total share interests held under LTIS for each Executive Director following this
notification are as follows:
Phillip Bentley 829,147
----------------------------------------
Mark Clare 866,196
----------------------------------------
Sir Roy Gardner 1,449,902
----------------------------------------
Jake Ulrich 887,622
----------------------------------------
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
1. Name of company 2. Name of director
Centrica plc Phillip Bentley
-----------------------------------------------------------------------------------------------------
3. Please state whether notification 4. Name of the registered holder(s) and, if more
indicates that it is in respect of than one holder, the number of shares held by
holding of the shareholder named in 2 each of them (if notified)
above or in respect of a non-beneficial
interest or in the case of an individual
holder if it is a holding of that
person's spouse or children under the age
of 18 or in respect of an non-beneficial
interest
In respect of 2 above
-----------------------------------------------------------------------------------------------------
5. Please state whether notification relates 6. Please state the nature of the transaction. For
to a person(s) connected with the PEP transactions please indicate whether
director named in 2 above and identify general/single co PEP and if discretionary/non
the connected person(s) discretionary /non discretionary
-----------------------------------------------------------------------------------------------------
7. Number of shares/amount 8. Percentage of 9. Number of 10. Percentage of issued
of stock acquired issued class shares/amount of class
stock disposed
-----------------------------------------------------------------------------------------------------
11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed
-----------------------------------------------------------------------------------------------------
15. Total holding following this notification 16. Total percentage holding of issued class
following this notification
-----------------------------------------------------------------------------------------------------
If a director has been granted options by the company please complete the
following boxes.
17. Date of grant 18. Period during which or date on which exercisable
1 April 2005 1 April 2008 to 31 March 2015
------------------------------------------------------------------------------------------------------
19. Total amount paid (if any) for grant of 20. Description of shares or debentures involved:
the option class, number
Nil Option over 441,723 ordinary shares in Centrica
plc
------------------------------------------------------------------------------------------------------
21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over which
or indication that price is to be fixed options held following this notification
at time of exercise 2,081,141 shares
228.65p
------------------------------------------------------------------------------------------------------
23. Any additional information 24. Name of contact and telephone number for queries
Robert Franklin - 01753 494009
------------------------------------------------------------------------------------------------------
25. Name and signature of authorised company official responsible for making this notification
Robert Franklin, Assistant Company Secretary
------------------------------------------------------------------------------------------------------
Date of notification 5 April 2005
------------------------------------------------------------------------------------------------------
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
1. Name of company 2. Name of director
Centrica plc Mark Clare
-----------------------------------------------------------------------------------------------------
3. Please state whether notification 4. Name of the registered holder(s) and, if more
indicates that it is in respect of than one holder, the number of shares held by
holding of the shareholder named in 2 each of them (if notified)
above or in respect of a non-beneficial
interest or in the case of an individual
holder if it is a holding of that
person's spouse or children under the age
of 18 or in respect of an non-beneficial
interest
In respect of 2 above
-----------------------------------------------------------------------------------------------------
5. Please state whether notification relates 6. Please state the nature of the transaction. For
to a person(s) connected with the PEP transactions please indicate whether
director named in 2 above and identify general/single co PEP and if discretionary/non
the connected person(s) discretionary /non discretionary
-----------------------------------------------------------------------------------------------------
7. Number of shares/amount 8. Percentage of 9. Number of 10. Percentage of issued
of stock acquired issued class shares/amount of class
stock disposed
-----------------------------------------------------------------------------------------------------
11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed
-----------------------------------------------------------------------------------------------------
15. Total holding following this notification 16. Total percentage holding of issued class
following this notification
-----------------------------------------------------------------------------------------------------
If a director has been granted options by the company please complete the
following boxes.
17. Date of grant 18. Period during which or date on which exercisable
1 April 2005 1 April 2008 to 31 March 2015
------------------------------------------------------------------------------------------------------
19. Total amount paid (if any) for grant of 20. Description of shares or debentures involved:
the option class, number
Nil Option over 437,439 ordinary shares in Centrica
plc
------------------------------------------------------------------------------------------------------
21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over which
or indication that price is to be fixed options held following this notification
at time of exercise 2,140,027 shares
228.65p
------------------------------------------------------------------------------------------------------
23. Any additional information 24. Name of contact and telephone number for queries
Robert Franklin - 01753 494009
------------------------------------------------------------------------------------------------------
25. Name and signature of authorised company official responsible for making this notification
Robert Franklin, Assistant Company Secretary
------------------------------------------------------------------------------------------------------
Date of notification 5 April 2005
------------------------------------------------------------------------------------------------------
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
1. Name of company 2. Name of director
Centrica plc Sir Roy Gardner
-----------------------------------------------------------------------------------------------------
3. Please state whether notification 4. Name of the registered holder(s) and, if more
indicates that it is in respect of than one holder, the number of shares held by
holding of the shareholder named in 2 each of them (if notified)
above or in respect of a non-beneficial
interest or in the case of an individual
holder if it is a holding of that
person's spouse or children under the age
of 18 or in respect of an non-beneficial
interest
In respect of 2 above
-----------------------------------------------------------------------------------------------------
5. Please state whether notification relates 6. Please state the nature of the transaction. For
to a person(s) connected with the PEP transactions please indicate whether
director named in 2 above and identify general/single co PEP and if discretionary/non
the connected person(s) discretionary /non discretionary
-----------------------------------------------------------------------------------------------------
7. Number of shares/amount 8. Percentage of 9. Number of 10. Percentage of issued
of stock acquired issued class shares/amount of class
stock disposed
-----------------------------------------------------------------------------------------------------
11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed
-----------------------------------------------------------------------------------------------------
15. Total holding following this notification 16. Total percentage holding of issued class
following this notification
-----------------------------------------------------------------------------------------------------
If a director has been granted options by the company please complete the
following boxes.
17. Date of grant 18. Period during which or date on which exercisable
1 April 2005 1 April 2008 to 31 March 2015
------------------------------------------------------------------------------------------------------
19. Total amount paid (if any) for grant of 20. Description of shares or debentures involved:
the option class, number
Nil Option over 779,357 ordinary shares in Centrica
plc
------------------------------------------------------------------------------------------------------
21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over which
or indication that price is to be fixed options held following this notification
at time of exercise 3,580,170 shares
228.65p
------------------------------------------------------------------------------------------------------
23. Any additional information 24. Name of contact and telephone number for queries
Robert Franklin - 01753 494009
------------------------------------------------------------------------------------------------------
25. Name and signature of authorised company official responsible for making this notification
Robert Franklin, Assistant Company Secretary
------------------------------------------------------------------------------------------------------
Date of notification 5 April 2005
------------------------------------------------------------------------------------------------------
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
All relevant boxes should be completed in block capital letters.
1. Name of company 2. Name of director
Centrica plc Jake Ulrich
-----------------------------------------------------------------------------------------------------
3. Please state whether notification 4. Name of the registered holder(s) and, if more
indicates that it is in respect of than one holder, the number of shares held by
holding of the shareholder named in 2 each of them (if notified)
above or in respect of a non-beneficial
interest or in the case of an individual
holder if it is a holding of that
person's spouse or children under the age
of 18 or in respect of an non-beneficial
interest
In respect of 2 above
-----------------------------------------------------------------------------------------------------
5. Please state whether notification relates 6. Please state the nature of the transaction. For
to a person(s) connected with the PEP transactions please indicate whether
director named in 2 above and identify general/single co PEP and if discretionary/non
the connected person(s) discretionary /non discretionary
-----------------------------------------------------------------------------------------------------
7. Number of shares/amount 8. Percentage of 9. Number of 10. Percentage of issued
of stock acquired issued class shares/amount of class
stock disposed
-----------------------------------------------------------------------------------------------------
11. Class of security 12. Price per share 13. Date of transaction 14. Date company informed
-----------------------------------------------------------------------------------------------------
15. Total holding following this notification 16. Total percentage holding of issued class
following this notification
-----------------------------------------------------------------------------------------------------
If a director has been granted options by the company please complete the
following boxes.
17. Date of grant 18. Period during which or date on which exercisable
1 April 2005 1 April 2008 to 31 March 2015
------------------------------------------------------------------------------------------------------
19. Total amount paid (if any) for grant of 20. Description of shares or debentures involved:
the option class, number
Nil Option over 450,470 ordinary shares in Centrica
plc
------------------------------------------------------------------------------------------------------
21. Exercise price (if fixed at time of grant) 22. Total number of shares or debentures over which
or indication that price is to be fixed options held following this notification
at time of exercise 2,196,919 shares
228.65p
------------------------------------------------------------------------------------------------------
23. Any additional information 24. Name of contact and telephone number for queries
Robert Franklin - 01753 494009
------------------------------------------------------------------------------------------------------
25. Name and signature of authorised company official responsible for making this notification
Robert Franklin, Assistant Company Secretary
------------------------------------------------------------------------------------------------------
Date of notification 5 April 2005
------------------------------------------------------------------------------------------------------
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