Segro PLC — Board/Management Information 2014

Apr 29, 2014

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RNS Number : 7108F

SEGRO PLC

29 April 2014

29 April 2014

SEGRO plc

Directorate Change

Appointment of Martin Moore as Non-Executive Director

SEGRO plc ("SEGRO" or the "Group"), Europe's leading owner-manager and developer of industrial and warehouse property, today announces the appointment of Martin Moore as an independent Non-Executive Director with effect from 1 July 2014.

Martin Moore, a Chartered Surveyor, has 40 years of experience in the real estate and property sector, having spent his career at Prudential plc. He was a board member of M&G Ltd, Chief Executive of M&G Real Estate (previously called Prudential Property Investment Managers, or PRUPIM) from 1996 and Chairman from 2012 until his retirement in 2013. He is currently a Non-Executive Director of the M&G Asia Property Fund.

In 2011, Martin was appointed as a Non-Executive Director at F&C Commercial Property Trust and, in 2013, as a Non-Executive Director at MEPC. He is also a Senior Adviser on UK and Europe real estate investments at Kohlberg Kravis Roberts & Co. LP and a Commissioner of English Heritage.

Previously, Martin has been an Adviser and Commissioner of The Crown Estate, a board member and past President of the British Property Federation, and a board member and Chairman of the Investment Property Forum.

As previously announced, Thom Wernink will be retiring from the Board of SEGRO at the Company's AGM on 30 April 2014, following nine years of service.

Nigel Rich, Chairman of SEGRO, commented:

"I am delighted to welcome Martin to the Board. He will bring extensive industry knowledge and breadth of experience and will be a great asset as SEGRO continues to progress towards its strategic goal of becoming a leading income-focused REIT. I very much look forward to working with him.

"I would also like to thank Thom Wernink for his tremendous contribution to the Board over the past nine years. He has provided wise counsel throughout a period of significant change for the Group for which I and my fellow Board colleagues are very grateful. We wish him well in the future."

Notes

There is no other information relating to Martin Moore required to be disclosed pursuant to LR 9.6.13R.

Regarding the retirement of Thom Wernink from the Board, the following information is provided in accordance with section 430(2B) of the Companies Act 2006:

·     The Group's Remuneration Report for the financial year ended 31 December 2013 included the Non-Executive Director's fee earned by Mr Wernink during the relevant period.

·     Mr Wernink has not and will not receive any remuneration payments upon ceasing to be a Director of the Group other than £17,667 representing the normal Non-Executive Director's fee payable for the period from 1 January 2014 to the date of his retirement from the Board (30 April 2014). No payment for loss of office has or will be made to Mr Wernink.

ENDS

Contact:

Harry Stokes, Head of Investor Relations and Research               Tel: +44 (0)20 7451 9124

Stephanie Highett / Nick Taylor, FTI Consulting                           Tel: +44 (0) 20 3727 1000

About SEGRO:

SEGRO is a leading owner, asset manager and developer of modern warehousing and light industrial properties, with £4.1 billion of assets (at 31 December 2013, including joint ventures at share) principally concentrated in London's Western Corridor (including the Thames Valley) and in key conurbations in France, Germany and Poland. We also develop and own warehouses in important distribution markets in the UK, Belgium, the Netherlands and the Czech Republic, and offices in Slough, Brussels and Milan. The Group serves around 1,250 customers spread across a diverse range of industry sectors. It has 5.3 million square metres of built space under management and a gross passing rent roll of £258 million (SEGRO share). For further information see www.SEGRO.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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