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Segro PLC — Director's Dealing 2019
May 23, 2019
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Director's Dealing
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RNS Number : 0216A
SEGRO PLC
23 May 2019
23 May 2019
SEGRO plc (the Company)
Director/PDMR Shareholding
2015 LTIP vesting
On 22 May 2019, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2015 Long Term Incentive Plan Award (the Award) to the below Directors/PDMRs.
The table below shows the number of shares released, and subsequently sold, and the resultant beneficial holdings:
| Number of shares vesting (gross) | Number of shares vesting (net of income tax and NICs) | Number of shares sold on 22 May 2019 at 717.77 pence per share | Beneficial holdings following vesting of the Award (inclusive of the SEGRO plc Share Incentive Plan) |
|
| Directors | ||||
| David Sleath | 280,500 | 148,665 | 148,665 | 692,293 |
| Soumen Das | 87,498 | 46,373 | 0 | 255,581 |
| Andy Gulliford | 183,600 | 97,308 | 97,308 | 511,647 |
| Phil Redding | 183,600 | 97,308 | 97,308 | 374,932 |
| PDMRs | ||||
| Elizabeth Blease | 61,199 | 32,435 | 32,435 | 147,253 |
| Liz Reilly | 59,416 | 31,490 | 31,490 | 136,252 |
Notes:
(a) Further details of the operation of the LTIP are available in the Company's 2018 Annual Report and Accounts. As estimated in the 2018 Annual Report and Accounts, the Company's performance against benchmarks resulted in a 100 per cent vesting of the Award.
(b) David Sleath's shareholding is 806 per cent of his base salary as at today's date. He is expected to hold shares equivalent to 300 per cent of his base salary.
Andy Gulliford and Phil Redding's shareholdings are 889 and 672 per cent of their base salaries respectively. They are expected to hold shares equivalent to 250 per cent of their base salaries.
The number of shares held which contribute towards the shareholding requirement, comprise beneficial interests, including shares held in the SIP, and shares under award in the DSBP net of income tax and national insurance. The value of the shares has been calculated using the vesting share price of the 2015 LTIP at 717.77 pence.
The Notification of Dealing Forms provided in accordance with the requirements of the Market Abuse Regulation (2014/596/EU) in relation to the transactions listed above are set out below:
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Sleath
2.
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 148,665 | £1,067,072.77 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Sleath
2.
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Sale of shares following vesting of 2015 LTIP
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 148,665 | £1,067,072.77 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Soumen Das
2.
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 46,373 | £332,851.48 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy Gulliford
2.
Reason for the notification
a)
Position/status
Chief Operating Officer
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 97,308 | £698,447.63 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy Gulliford
2.
Reason for the notification
a)
Position/status
Chief Operating Officer
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Sale of shares following vesting of 2015 LTIP
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 97,308 | £698,447.63 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Phil Redding
2.
Reason for the notification
a)
Position/status
Chief Investment Officer
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 97,308 | £698,447.63 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Phil Redding
2.
Reason for the notification
a)
Position/status
Chief Investment Officer
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Sale of shares following vesting of 2015 LTIP
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 97,308 | £698,447.63 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Elizabeth Blease
2.
Reason for the notification
a)
Position/status
General Counsel and Group Company Secretary
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 32,435 | £232,808.70 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Elizabeth Blease
2.
Reason for the notification
a)
Position/status
General Counsel and Group Company Secretary
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Sale of shares following vesting of 2015 LTIP
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 32,435 | £232,808.70 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Liz Reilly
2.
Reason for the notification
a)
Position/status
Group HR Director
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Vesting of the 2015 LTIP Award
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 31,490 | £226,025.77 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Liz Reilly
2.
Reason for the notification
a)
Position/status
Group HR Director
b)
Initial notification /Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
SEGRO plc
b)
LEI
213800XC35KGM9NFC641
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary shares of 10 pence each
b)
Nature of the transaction
Sale of shares following vesting of 2015 LTIP
c)
Price(s) and volume(s)
| Price | Volume | Total |
| £7.1777 | 31,490 | £226,025.77 |
d)
Aggregated information
N/A
e)
Date of the transaction
22 May 2019
f)
Place of the transaction
London Stock Exchange (XLON)
Stephanie Murton
Legal Counsel
020 7451 9083
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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