8 Jun 2016 15:00
8 June 2016
SEGRO plc (the Company)
Director/PDMR Shareholding
On 7 June 2016, following a recommendation made by the Company, the Trustees of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2012 LTIP Award (the Award) to the below Directors/PDMRs.
Number of shares vesting (gross) | Number of shares vesting (net) | Total beneficial shareholding following vesting (inclusive of the SEGRO plc Share Incentive Plan) | |
Directors | |||
David Sleath | 149,226 | 79,089 | 495,872 |
Andy Gulliford | 68,299 | 36,198 | 185,984 |
Justin Read | 97,570 | 51,712 | 155,293 |
Phil Redding | 64,282 | 34,069 | 172,180 |
PDMR | |||
Elizabeth Blease | 20,526 | 10,878 | 76,255 |
Liz Reilly | 35,154 | 18,631 | 61,699 |
Notes:
1. Vesting of the 2012 LTIP is subject to two equally weighted performance conditions measured over the four-year performance period from 1 January 2012 to 31 December 2015; Total Shareholder Return (TSR) and Total Property Return (TPR).
For the TSR element, the Company's performance against the benchmark resulted in 84.6 per cent vesting. The TPR benchmark was not achieved and therefore no shares vested under this condition. The resultant vesting percentage for the total Award was 42.3 per cent.
2. The participants received their shares net of adjustments for Income Tax and National Insurance Contributions.
Stephanie Murton
Legal Counsel
020 7451 9085
Segro (SGRO)