Director/PDMR Shareholding

RNS Number : 0216A

SEGRO PLC

23 May 2019

 

23 May 2019

SEGRO plc (the Company)

Director/PDMR Shareholding

2015 LTIP vesting

On 22 May 2019, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2015 Long Term Incentive Plan Award (the Award) to the below Directors/PDMRs.

The table below shows the number of shares released, and subsequently sold, and the resultant beneficial holdings:

	Number of shares vesting (gross)	Number of shares vesting (net of income tax and NICs)	Number of shares sold on 22 May 2019 at 717.77 pence per share	Beneficial holdings following vesting of the Award (inclusive of the SEGRO plc Share Incentive Plan)
Directors
David Sleath	280,500	148,665	148,665	692,293
Soumen Das	87,498	46,373	0	255,581
Andy Gulliford	183,600	97,308	97,308	511,647
Phil Redding	183,600	97,308	97,308	374,932
PDMRs
Elizabeth Blease	61,199	32,435	32,435	147,253
Liz Reilly	59,416	31,490	31,490	136,252

Notes:

(a) Further details of the operation of the LTIP are available in the Company's 2018 Annual Report and Accounts. As estimated in the 2018 Annual Report and Accounts, the Company's performance against benchmarks resulted in a 100 per cent vesting of the Award.

(b) David Sleath's shareholding is 806 per cent of his base salary as at today's date. He is expected to hold shares equivalent to 300 per cent of his base salary.

Andy Gulliford and Phil Redding's shareholdings are 889 and 672 per cent of their base salaries respectively. They are expected to hold shares equivalent to 250 per cent of their base salaries.

The number of shares held which contribute towards the shareholding requirement, comprise beneficial interests, including shares held in the SIP, and shares under award in the DSBP net of income tax and national insurance. The value of the shares has been calculated using the vesting share price of the 2015 LTIP at 717.77 pence.

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	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 the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 148,665 £1,067,072.77
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 each
b)	Nature of the transaction	Sale of shares following vesting of 2015 LTIP
c)	Price(s) and volume(s)	Price Volume Total £7.1777 148,665 £1,067,072.77
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 46,373 £332,851.48
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
f)	Place of the transaction	London Stock Exchange (XLON)

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 the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 97,308 £698,447.63
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
f)	Place of the transaction	London Stock Exchange (XLON)

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	Sale of shares following vesting of 2015 LTIP
c)	Price(s) and volume(s)	Price Volume Total £7.1777 97,308 £698,447.63
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 each
b)	Nature of the transaction	Vesting of the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 97,308 £698,447.63
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 each
b)	Nature of the transaction	Sale of shares following vesting of 2015 LTIP
c)	Price(s) and volume(s)	Price Volume Total £7.1777 97,308 £698,447.63
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 and 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 each
b)	Nature of the transaction	Vesting of the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 32,435 £232,808.70
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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 and 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 each
b)	Nature of the transaction	Sale of shares following vesting of 2015 LTIP
c)	Price(s) and volume(s)	Price Volume Total £7.1777 32,435 £232,808.70
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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	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	Vesting of the 2015 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total £7.1777 31,490 £226,025.77
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
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	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	Sale of shares following vesting of 2015 LTIP
c)	Price(s) and volume(s)	Price Volume Total £7.1777 31,490 £226,025.77
d)	Aggregated information	N/A
e)	Date of the transaction	22 May 2019
f)	Place of the transaction	London Stock Exchange (XLON)

Stephanie Murton

Legal Counsel

020 7451 9083

 

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