19 Apr 2017 14:30
19 April 2017
SEGRO plc (the Company)
On 18 April 2017, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2013 SEGRO Deferred Share Bonus Plan (DSBP) to the following Directors/PDMRs:
Director | Total shares vesting | Net shares vesting | Total beneficial shareholding following vesting |
Andy Gulliford | 43,122 | 22,854 | 248,513 |
Phil Redding | 49,715 | 26,348 | 235,264 |
David Sleath | 94,943 | 50,319 | 645,364 |
PDMR | |||
Elizabeth Blease | 9,565 | 5,069 | 96,573 |
Liz Reilly | 9,139 | 4,843 | 78,881 |
Notes:
1. Under the 2013 DSBP, 50 per cent of the bonus payable in respect of 2013 performance was deferred as shares for three years for Executive Directors and 25 per cent of the bonus payable in respect of the 2013 performance was deferred as shares for PDMRs.
2. Following the completion of the Rights Issue on 28 March 2017, the number of shares awarded under the 2013 DSBP were adjusted. The adjustment factor applied was 1.046.
3. The participants received their shares net of adjustments for Income Tax and National Insurance Contributions.
4. The total beneficial shareholding includes shares held in the Company's Share Incentive Plan.
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 | 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 | ||||||
b)
| Nature of the transaction | Vesting of 2013 DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 18 April 2017 | ||||||
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 | ||||||
b)
| Nature of the transaction | Vesting of 2013 DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 18 April 2017 | ||||||
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 | ||||||
b)
| Nature of the transaction | Vesting of 2013 DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 18 April 2017 | ||||||
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 & 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 | ||||||
b)
| Nature of the transaction | Vesting of 2013 DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 18 April 2017 | ||||||
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
| 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 | ||||||
b)
| Nature of the transaction | Vesting of 2013 DSBP | ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 18 April 2017 | ||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||
Stephanie Murton
Legal Counsel
020 7451 9083
Segro (SGRO)