Last checked at 3 May 2017 15:00
3 May 2017
SEGRO plc (the Company)
On 2 May 2017, following a recommendation made by the Company, the Trustees of the SEGRO plc Employees' Benefit Trust (Trustees) notified the Company that it had resolved to grant the below awards under the SEGRO plc Long Term Incentive Plan (LTIP) to Soumen Das.
Number of shares awarded | Vesting Date |
58,151 | 9 April 2018 |
87,498 | 22 May 2019 |
153,674 | 7 April 2020 |
Also on 2 May 2017, under the SEGRO plc Deferred Share Bonus Plan (DSBP) the following awards were granted to Mr Das.
Number of shares awarded | Vesting Date |
14,137 | 6 August 2017 |
56,105 | 1 April 2018 |
31,577 | 1 March 2019 |
72,999 | 1 March 2019 |
Additionally on 2 May 2017, the following awards were granted to Mr Das under the DSBP. Following a recommendation made by the Company, the Trustees resolved to release these awards to Mr Das on 3 May 2017.
Total shares vesting | Net shares vesting | Total beneficial shareholding following vesting |
54,572 | 28,923 | 45,245 |
59,596 | 31,585 | 76,830 |
Notes:
(a) The above awards have been structured as provisional allocations over ordinary shares in the Company.
(b) As disclosed in the 2016 Annual Report and Accounts, these awards represent the share awards forfeited by Mr Das upon leaving his previous employer.
(c) Mr Das received his shares net of adjustments for Income Tax and National Insurance Contributions.
(d) The calculation of the release was based on a share price of 485.7 pence, which was the Company's closing mid-market share price on 28 April 2017.
The Notification of Dealing Forms provided in accordance with the requirements of the Market Abuse Regulation (2014/596/EU) (MAR) in relation to the transactions listed above are set out below:
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 | Award of shares under the LTIP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 2 May 2017 | ||||||
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 | Award of shares under the DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 2 May 2017 | ||||||
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 DSBP Awards
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 2 May 2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||
Elizabeth Blease
General Counsel and Group Company Secretary
020 7451 9083