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SEGRO PLC (SGRO)

  Print          Annual reports

Thursday 06 May, 2021

SEGRO PLC

Director/PDMR Shareholding

Director/PDMR Shareholding

SEGRO PLC

 

6 May 2021

SEGRO plc (the Company)

Director/PDMR Shareholding

On 5 May 2021, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees’ Benefit Trust agreed to:

- release the shares in respect of the 2017 Deferred Share Bonus Plan (DSBP) Award, made on 28 June 2018; and

- release the shares in respect of the 2018 Long Term Incentive Plan (LTIP) Award, made on 26 April 2018,

to Directors and PDMRs in the Company.

Full details about the DSBP and the LTIP, including performance conditions, can be found in the Company’s 2020 Annual Report and Accounts.

The table below shows the number of shares awarded, released and subsequently sold on 5 May 2021, and Directors’ and PDMRs resultant beneficial holdings.

Name

Award

Number of shares vested on 5 May 2021 (Gross)

Number of shares vested on 5 May 2021 (Net)

Number of shares sold on 5 May 2021

Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP))

Beneficial holding as a percentage of base salary as at 5 May 20217

Directors

David Sleath

2017 DSBP

69,920

37,057

37,0576

701,797

1,068%

2018 LTIP1

196,892

104,352

-

Other

-

-

104,3515

Soumen Das2

2017 DSBP

51,957

27,537

27,5376

376,764

795%

2018 LTIP1

146,310

77,544

-

Andy Gulliford3

2017 DSBP

45,779

24,262

24,2626

692,461

1,561%

2018 LTIP

128,913

68,323

-

PDMR

Elizabeth Blease4

2017 DSBP

6,250

3,312

3,3126

154,308

-

2018 LTIP1

43,326

22,962

22,9626

Liz Reilly

2017 DSBP

6,291

3,334

3,3346

143,349

-

2018 LTIP1

42,520

22,535

22,5356

  1. As estimated in the 2020 Annual Report and Accounts, the Company’s performance against benchmarks resulted in 100 per cent of the 2018 LTIP vesting. The Directors’ 2018 LTIP Award is subject to a two-year post-vesting Holding Period, which will end of 26 April 2023.
  2. Soumen Das’ beneficial holding is partly held by a Person Closely Associated (PCA), Dipa Das.
  3. Andy Gulliford’s beneficial holding is partly held by a PCA, Jan Gulliford.
  4. Elizabeth Blease’s beneficial holding is partly held by a PCA, Tim Rayner.
  5. David Sleath also sold 104,351 shares on 5 May 2021 at 1,001.07 pence per share.
  6. Shares sold at 1,001.77 pence per share.
  7. David Sleath is expected to build a shareholding in the Company equivalent to 300 per cent of the value of his base salary. Soumen Das and Andy Gulliford are expected to hold shares equivalent to 250 per cent of their base salaries. The number of shares which contribute towards this shareholding requirement comprise beneficial interests (including SIP shares) and shares subject to deferral under the DSBP, net of Income Tax and National Insurance. The value of the shares has been calculated using the vesting share price of the 2017 DSBP and 2018 LTIP Awards, at 1,001.77 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

b)

 

Nature of the transaction

  1. Vesting of 2017 DSBP Award
  2. Sale of 2017 DSBP Shares
  3. Vesting of 2018 LTIP Award
  4. Sale

c)

 

Price(s) and volume(s)

Price Volume Total

1 £10.0177 37,057 £371,225.91

2 £10.0177 37,057 £371,225.91

3 £10.0177 104,352 £1,045,367,03

4 £10.0177 104,351 £1,044,626.57

d)

Aggregated information

N/A

e)

 

Date of the transaction

05/05/2021

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

b)

Nature of the transaction

  1. Vesting of 2017 DSBP Award
  2. Sale of 2017 DSBP Shares
  3. Vesting of 2018 LTIP Award

 

c)

 

Price(s) and volume(s)

Price Volume Total

1 £10.0177 27,537 £275,857.40

2 £10.0177 27,537 £275,857.40

3 £10.0177 77,544 £776,812.53

d)

Aggregated information

N/A

e)

Date of the transaction

05/05/2021

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

b)

 

Nature of the transaction

  1. Vesting of 2017 DSBP Award
  2. Sale of 2017 DSBP Shares
  3. Vesting of 2018 LTIP Award

 

c)

 

Price(s) and volume(s)

Price Volume Total

1 £10.0177 24,262 £240,049.43

2 £10.0177 24,262 £240,049.43

3 £10.0177 68,323 £684,439.32

d)

 

Aggregated information

N/A

e)

 

Date of the transaction

05/05/2021

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

b)

 

Nature of the transaction

  1. Vesting of 2017 DSBP Award
  2. Sale of 2017 DSBP Shares
  3. Vesting of 2018 LTIP Award
  4. Sale of 2018 LTIP Shares

 

c)

 

Price(s) and volume(s)

Price Volume Total

1 £10.0177 3,312 £33,178.62

2 £10.0177 3,312 £33,178.62

3 £10.0177 22,962 £230,026.43

4 £10.0177 22,962 £230,026.43

d)

 

Aggregated information

N/A

e)

 

Date of the transaction

 

 

05/05/2021

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

b)

 

Nature of the transaction

  1. Vesting of 2017 DSBP Award
  2. Sale of 2017 DSBP Shares
  3. Vesting of 2018 LTIP Award
  4. Sale of 2018 LTIP Shares

 

c)

 

Price(s) and volume(s)

Price Volume Total

1 £10.0177 3,334 £33,399.02

2 £10.0177 3,334 £33,399.02

3 £10.0177 22,535 £225,748.87

4 £10.0177 22,535 £225,748.87

 

d)

 

Aggregated information

N/A

e)

 

Date of the transaction

 

 

05/05/2021

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

Penny Thomas

Interim Head of Secretariat

020 7451 9083


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