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Segro PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information
Director/PDMR Shareholding
6 May 2022
SEGRO plc (the Company)
Directors/PDMRs Shareholding
On 4 May 2022, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees’ Benefit Trust agreed to release the shares in the Company subject to the SEGRO plc Deferred Share Bonus Plan (DSBP) awards granted on 28 June 2019.
On 5 May 2022, the Company granted conditional awards over shares in the Company under the SEGRO plc 2018 Long Term Incentive Plan (LTIP).
Details of the vesting of DSBP awards held by, and the grant of LTIP awards to, Directors/PDMRs of the Company are set out in the table below.
| Name | Transaction | Number of shares which vested on 4 May 2022 (Gross) | Number of shares which vested on 4 May 2022 (Net) | Number of shares subject to awards granted on 5 May 2022 | Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP)) |
| Directors | |||||
| David Sleath | Vesting of DSBP award | 62,730 | 32,462 | - | 734,617 |
| Grant of LTIP award1,2,3 | - | - | 186,709 | ||
| Soumen Das4 | Vesting of DSBP award | 46,615 | 24,123 | - | 377,122 |
| Grant of LTIP award1,2,3 | - | - | 115,698 | ||
| Andy Gulliford5 | Vesting of DSBP award | 41,072 | 21,254 | - | 715,881 |
| Grant of LTIP award1,2,3 | - | - | 101,827 | ||
| PDMR | |||||
| Liz Reilly | Vesting of DSBP award | 5,786 | 2,994 | - | 148,509 |
| Grant of LTIP award1,2,3 | - | - | 26,012 |
- The LTIP awards have been structured as conditional awards over ordinary shares in the Company. Further details of the operation of the LTIP are available in the Company’s 2021 Annual Report and Accounts.
- The Remuneration Committee has the discretion to adjust the LTIP awards downwards at vesting to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.
- The number of shares subject to the LTIP awards granted has been calculated using a share price of 1,162.50 pence, being the closing mid-market quotation of a share on the business day immediately preceding grant. This method of calculation is consistent with that used for previous awards.
- Soumen Das’ beneficial holding is partly held by a Person Closely Associated (PCA), Dipa Das.
- Andy Gulliford’s beneficial holding is partly held by a PCA, Jan Gulliford.
The Notification of Dealing Forms provided in accordance with the requirements of the UK Market Abuse Regulation 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 | 1. Vesting of DSBP award 2. Grant of LTIP award |
| c) | Price(s) and volume(s) | Price Volume Total 1. £12.04 32,462 £390,842.48 2. NIL 186,709 NIL |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 1. 4 May 2022 2. 5 May 2022 |
| f) | Place of the transaction | 1. London Stock Exchange, Main Market (XLON) 2. Off market |
| 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 | 1. Vesting of DSBP award 2. Grant of LTIP award |
| c) | Price(s) and volume(s) | Price Volume Total 1. £12.04 24,123 £290,440.92 2. NIL 115,698 NIL |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 1. 4 May 2022 2. 5 May 2022 |
| f) | Place of the transaction | 1. London Stock Exchange, Main Market (XLON) 2. Off market |
| 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 | 1. Vesting of DSBP award 2. Grant of LTIP award |
| c) | Price(s) and volume(s) | Price Volume Total 1. £12.04 21,254 £255,898.16 2. NIL 101,827 NIL |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 1. 4 May 2022 2. 5 May 2022 |
| f) | Place of the transaction | 1. London Stock Exchange, Main Market (XLON) 2. Off market |
| 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 | 1. Vesting of DSBP award 2. Grant of LTIP award |
| c) | Price(s) and volume(s) | Price Volume Total 1. £12.04 2,994 £36,047.76 2. NIL 26,012 NIL |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 1. 4 May 2022 2. 5 May 2022 |
| f) | Place of the transaction | 1. London Stock Exchange, Main Market (XLON) 2. Off market |
Julia Foo
Company Secretary
020 7451 9083
View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005304/en/
SEGRO PLC