REG-SEGRO PLC Director/PDMR Shareholding
27/03/2023 15:15
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Director/PDMR Shareholding
SEGRO plc (the Company)
Directors/PDMRs Shareholding
On 24 March 2023, the Company granted conditional awards over shares in the
Company under the SEGRO plc 2018 Long Term Incentive Plan (LTIP).
The Remuneration Committee has considered the fall in share price since LTIP
grants were made in 2022 and, whilst it is of the view that no windfall
circumstances exist at the current share price and considering the strong
operational performance of the Company, the Committee commits that it will
assess whether a windfall gain has occurred between grant and vesting of the
2023 LTIP award. If the Committee determines that a windfall circumstance has
existed, then it will consider the extent to which the LTIP awards granted to
Executive Directors should be scaled back.
Details of the grant of LTIP awards to Directors/PDMRs of the Company are set
out in the table below.
Name Transaction Number of shares subject to awards granted on Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP))
24 March 2023
Directors
David Sleath Grant of LTIP award(1,2,3) 303,010 734,939
Soumen Das(4) Grant of LTIP award(1,2,3) 187,767 401,567
PDMR
Margaret Murphy Grant of LTIP award(1,3) 48,793 0
1. The LTIP awards have been structured as conditional awards over ordinary
shares in the Company. Further details of the operation of the LTIP are
available in the Company’s 2022 Annual Report and Accounts.
2. The Remuneration Committee has the discretion to adjust the LTIP awards
downwards at vesting to ensure that all relevant factors are taken into
account, including the consideration of any windfall gains.
3. The number of shares subject to the LTIP awards granted has been calculated
using a share price of 737.80 pence, being the closing mid-market quotation of
a share on the business day immediately preceding grant. This method of
calculation is consistent with that used for previous awards.
4. Soumen Das’ beneficial holding is partly held by a Person Closely
Associated (PCA), Dipa Das.
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 Grant of LTIP award
c) Price(s) and volume(s) Price Volume Total
NIL 303,010 NIL
d) Aggregated information N/A
e) Date of the transaction 24 March 2023
f) Place of the transaction 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 Grant of LTIP award
c) Price(s) and volume(s) Price Volume Total
NIL 187,767 NIL
d) Aggregated information N/A
e) Date of the transaction 24 March 2023
f) Place of the transaction 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 LTIP award
c) Price(s) and volume(s) Price Volume Total
NIL 48,793 NIL
d) Aggregated information N/A
e) Date of the transaction 24 March 2023
f) Place of the transaction Off market
Julia Foo
Company Secretary
020 7451 9080
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