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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Segro Plc | LSE:SGRO | London | Ordinary Share | GB00B5ZN1N88 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
6.80 | 0.78% | 874.60 | 876.20 | 876.80 | 896.40 | 867.20 | 873.80 | 4,951,927 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 749M | -253M | -0.2084 | -42.05 | 10.64B |
TIDMSGRO
RNS Number : 2663P
SEGRO PLC
16 November 2016
16 November 2016
SOUMEN DAS TO JOIN SEGRO AS CFO ON 16 JANUARY 2017
Further to the announcement on 26 July 2016, SEGRO plc ('SEGRO', or 'the Company') is pleased to confirm that Soumen Das will join the Company as its Chief Financial Officer with effect from 16 January 2017. Mr Das will succeed Justin Read who is retiring on 31 December 2016.
Details of Mr Das's remuneration will be included in the Directors' Remuneration Report within the 2016 Annual Report and Accounts.
The remuneration details relating to Mr Read required to be made available under section 430(2B) of the Companies Act 2006 are as follows:
-- Mr Read's remuneration terms will be in accordance with the key provisions for contract termination as set out in SEGRO's Remuneration Policy approved by shareholders in April 2014. As he will be retiring, he will be treated as a good leaver under the Company's incentive schemes.
-- Mr Read will be paid full salary and benefits (which include cash allowances in lieu of a company car, company pension and private medical healthcare) to 31 December 2016. He will also receive a payment in respect of any unused leave.
-- Mr Read will be eligible to receive a cash bonus for 2016 to the extent that the performance targets are met. 50 per cent of any cash payment earned in 2016 will be deferred in shares under the Deferred Share Bonus Plan (DSBP).
-- Mr Read will be entitled to time pro-rated shares from the Long Term Incentive Plan, subject to the Company meeting the performance targets for these awards and subject to and in accordance with the rules of the Plan.
Award Award Date Number Awarded Vesting Date ---------------- ----------- --------------- ------------- 2013 LTIP Award 06/08/2013 218,228 06/08/2017 2014 LTIP Award 09/04/2014 212,076 09/04/2018 2015 LTIP Award 22/05/2015 175,526 22/05/2019 2016 LTIP Award 07/04/2016 181,565 07/04/2020 ---------------- ----------- --------------- -------------
-- Mr Read will be entitled to receive shares which have been held under the DSBP. As set out below, these shares will be released on the vesting date, together with a cash sum equivalent to the value of dividends that would have been paid on the shares during the three years under which they were under award.
Award Award date Number Awarded Vesting Date ---------------- ----------- --------------- ------------- 2013 DSBP Award 30/06/2014 41,226 07/04/2017 2014 DSBP Award 30/06/2015 36,352 28/04/2018 2015 DSBP Award 26/05/2016 53,032 28/04/2019 ---------------- ----------- --------------- -------------
Mr Read will be eligible to retain shares awarded under the Share Incentive Plan and to purchase shares in accordance with the rules of the Sharesave option scheme.
Full disclosure of these remuneration arrangements will be provided in the Directors' Remuneration Report in the 2016 Annual Report and Accounts.
ENDS
For further information, please contact:
SEGRO plc
David Sleath (Chief Executive)
Tel +44 (0) 20 7451 9112 / david.sleath@segro.com
Harry Stokes (Head of Investor Relations and Research)
Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com
Sarah Lockhart (External Communications Manager)
Tel: Tel: +44 (0) 20 7451 9118 / sarah.lockhart@segro.com
Richard Sunderland / Claire Turvey (FTI Consulting)
Tel: +44 (0) 20 3727 1000
Notes to Editors:
SEGRO plc
ABOUT SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages over six million square metres of space valued at GBP7.4 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.
For further information see www.SEGRO.com/investors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 16, 2016 02:00 ET (07:00 GMT)
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