3 May 2023 14:00
3 May 2023
SEGRO plc (the Company)
Directors/PDMR Shareholdings
On 28 April 2023, 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) granted on 28 April 2020 (the 2019 DSBP Award).
On the same day, the following awards were granted to Directors/PDMR of the Company in respect of the 2022 bonus (the 2022 DSBP Award).
Details of the grants and vestings for the Directors/PDMR of the Company are set out in the table below:
| Transaction | Number of shares awarded | Number of shares vested (Gross) | Number of shares vested (Net) | Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan) |
Directors | |||||
David Sleath | Vesting of 2019 DSBP Award | - | 63,200 | 33,496 | 768,435 |
Grant of 2022 DSBP Award1,2 | 65,717 | - | - | ||
Soumen Das3 | Vesting of 2019 DSBP Award1,2 | - | 44,786 | 23,736 | 425,303 |
Grant of 2022 DSBP Award | 48,867 | - | - | ||
Andy Gulliford4 | Vesting of 2019 DSBP Award1,2 | - | 41,329 | 21,904 | 738,107 |
Grant of 2022 DSBP Award | 43,009 |
| - | ||
PDMR | |||||
Margaret Murphy | Grant of 2022 DSBP Award1,2 | 2,965 | - | - | - |
1. The DSBP has been structured as a provisional allocation over ordinary shares in the Company. Further details of the operation of the DSBP are available in the Company’s 2022 Annual Report and Accounts.
2. The calculation of the awards granted was based on a share price of 810.60 pence, being the closing mid-market quotation of a share on the business day immediately preceding the grant. This method of calculation is consistent with that used for previous awards.
3. Soumen Das’ beneficial holding is partly held by a Person Closely Associated (PCA), Dipa Das.
4. 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 | Vesting of DSBP award Grant of DSBP award | ||
c)
| Price(s) and volume(s) | Price 1. £8.106 2. £8.106
| Volume 33,496 65,717 | Total £271,518.58 £532,702.00 |
d)
| Aggregated information | N/A | ||
e)
| Date of the transaction
| 28 April 2023 28 April 2023 | ||
f)
| Place of the transaction
| Off market 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 | Vesting of DSBP award Grant of DSBP award | ||
c)
| Price(s) and volume(s) | Price 1. £8.106 2. £8.106
| Volume 23,736 48,867 | Total £192,404.02 £396,115.90 |
d)
| Aggregated information | N/A | ||
e)
| Date of the transaction
| 28 April 2023 28 April 2023 | ||
f)
| Place of the transaction
| Off market 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 | Vesting of DSBP award Grant of DSBP award | ||
c)
| Price(s) and volume(s) | Price 1. £8.106 2. £8.106
| Volume 21,904 43,009 | Total £177,553.82 £348,630.95 |
d)
| Aggregated information | N/A | ||
e)
| Date of the transaction
| 28 April 2023 28 April 2023 | ||
f)
| Place of the transaction
| Off market Off market | ||
1. | Details of the person discharging managerial responsibilities / person closely associated
| |||
a)
| Name | Margaret Murphy | ||
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 | Grant of DSBP award | ||
c)
| Price(s) and volume(s) | Price £8.106
| Volume 2,965 | Total £24,034.29 |
d)
| Aggregated information | N/A | ||
e)
| Date of the transaction
| 28 April 2023 | ||
f)
| Place of the transaction
| Off market | ||
Julia Foo
Company Secretary
020 7451 9083
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Segro (SGRO)