Centrica PLC announced the vesting of awards under its Long Term Incentive Plan (LTIP) on 12 July 2024. The awards, granted in June 2021, vested at 85% of the original award following the satisfaction of performance conditions assessed over the three-year period from 1 January 2021 to 31 December 2023. Chris O'Shea, an Executive Director, was involved in the transactions.
The notification details the sale of shares to cover statutory withholding liabilities, with the remaining shares being held for a mandatory two-year period. The sale of shares to cover statutory withholding liabilities involved 1,880,866 shares at a price of £1.38419. The transactions took place outside a trading venue and on the London Stock Exchange (XLON).
Centrica PLC is listed on the London Stock Exchange (CNA) and has its registered office in Windsor, Berkshire. The company's legal entity identifier number is E26EDV109X6EEPBKVH76.