Director/PDMR Shareholding

 

25 March 2024

SEGRO plc (the Company)

Directors/PDMRs Shareholding

On 22 March 2024, the Company granted conditional awards over shares in the Company under the SEGRO plc 2018 Long Term Incentive Plan (LTIP).

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

22 March 2024

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

David Sleath

Grant of LTIP award1,2,3

264,001

771,599

Soumen Das4

Grant of LTIP award1,2,3

163,602

428,467

  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 2023 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 889.2 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

 

264,001

 

NIL

 

d)

 

Aggregated information

N/A

e)

 

Date of the transaction

 

22 March 2024

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

 

163,602

 

NIL

 

d)

 

Aggregated information

N/A

e)

 

Date of the transaction

 

22 March 2024

f)

 

Place of the transaction

 

Off market

Emma Jackman

Deputy Company Secretary

+44 1753 213 533

SEGRO PLC