29th Apr 2025 15:30
29 April 2025
SEGRO plc (the Company)
Directors/PDMRs Shareholding
On 28 April 2025, awards were granted to Directors/PDMRs under the SEGRO plc Deferred Share Bonus Plan (DSBP) in respect of the 2024 annual bonus (the 2024 DSBP Award).
Additionally, on 28 April 2025, 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 DSBP award granted on 27 June 2022 (the 2021 DSBP Award).
Details of the awards and vestings for the Directors/PDMRs of the Company are set out in the table below:
Director | 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) |
David Sleath | Vesting of 2021 DSBP Award | - | 52,835 | 28,002 | 1,062,062 |
Grant of 2024 DSBP Award1,2 | 49,000 | - | - | ||
Soumen Das3 | Vesting of 2021 DSBP Award | - | 39,289 | 20,823 | 639,612 |
Grant of 2024 DSBP Award1,2 | 36,434 | - | - |
1. The DSBP awards have 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 2024 Annual Report and Accounts.
2. The calculation of the awards granted was based on a share price of 691.8 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.
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 DSBP award
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 28 April 2025 | ||||||
f)
| Place of the transaction
| Off market | ||||||
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
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 28 April 2025 | ||||||
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 DSBP award
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 28 April 2025 | ||||||
f)
| Place of the transaction
| Off market | ||||||
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
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | N/A | ||||||
e)
| Date of the transaction
| 28 April 2025 | ||||||
f)
| Place of the transaction
| Off market | ||||||
Emma Jackman
Deputy Company Secretary
+44 1753 213 533
Related Shares:
Segro