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SGRO Segro Plc

843.40
-5.60 (-0.66%)
25 Apr 2024 - Closed
Delayed by 15 minutes
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
  -5.60 -0.66% 843.40 843.20 843.80 853.60 835.80 847.40 4,592,932 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 749M -253M -0.2084 -40.46 10.24B

SEGRO PLC Director/PDMR Shareholding (7604A)

31/05/2019 10:38am

UK Regulatory


Segro (LSE:SGRO)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMSGRO

RNS Number : 7604A

SEGRO PLC

31 May 2019

31 May 2019

SEGRO plc (the Company)

Director Shareholding

2019 LTIP Award

On 29 May 2019, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees' Benefit Trust notified the Company that it had resolved to grant the below awards under the SEGRO plc Long Term Incentive Plan (LTIP) to the following Directors and PDMRs of the Company.

 
 Director            Number of shares awarded 
 David Sleath        230,680 
                    ------------------------- 
 Soumen Das          171,418 
                    ------------------------- 
 Andy Gulliford      151,036 
                    ------------------------- 
 Phil Redding        151,036 
                    ------------------------- 
 PDMR 
                    ------------------------- 
 Elizabeth Blease    40,609 
                    ------------------------- 
 Liz Reilly          40,241 
                    ------------------------- 
 

Notes:

(a) The LTIP has been structured as a provisional allocation over ordinary shares in the Company. Further details of the operation of the LTIP are available in the Company's 2018 Annual Report and Accounts.

(b) The calculation of the awards granted was based on a share price of 691.0 pence, which was the Company's closing mid-market share price on 28 May 2019.

(c) The level of LTIP awards which had been made to the Executive Directors reflects the recently approved Remuneration Policy. Taking account of feedback from shareholders and their representative bodies both before and after the 2019 AGM, the Remuneration Committee has decided that, for the Executive Directors, the performance targets should be more stretching to those previously announced, to reflect the increased level of award. Specifically, the Total Accounting Return stretch target has increased from 2 per cent per annum to 2.5 per cent per annum and the Total Shareholder Return target has increased from 5 per cent per annum to 6 per cent per annum. The Total Property Return target has not been changed as the Committee considered it was already sufficiently stretching. These three targets are amongst the most challenging adopted by any large UK listed REIT. Full details of the revised performance conditions for the Executive Directors are available at www.SEGRO.com which supersedes those announced in March 2019. These changes form part of the Committee's ongoing review of the previously proposed changes in Executive Director remuneration.

(d) There has been no change to the performance conditions applying to the awards for the PDMRs and other participants of the LTIP.

The Notification of Dealing Forms provided in accordance with the requirements of the Market Abuse Regulation (2014/596/EU) (MAR) 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume    Total 
                                          GBP6.91   230,680   GBP1,593,998.80 
                                                   --------  ---------------- 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume    Total 
                                          GBP6.91   171,418   GBP1,184,498.38 
                                                   --------  ---------------- 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume    Total 
                                          GBP6.91   151,036   GBP1,043,658.76 
                                                   --------  ---------------- 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 f)   Place of the transaction          London Stock Exchange (XLON) 
     --------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Phil Redding 
     --------------------------------  -------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                   Chief Investment 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume    Total 
                                          GBP6.91   151,036   GBP1,043,658.76 
                                                   --------  ---------------- 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume   Total 
                                          GBP6.91   40,609   GBP280,608.19 
                                                   -------  -------------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 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      Ordinary Shares of 10 pence 
       instrument, type of instrument    each 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         2019 LTIP Award 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)             Price     Volume   Total 
                                          GBP6.91   40,241   GBP278,065.31 
                                                   -------  -------------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A 
 e)   Date of the transaction           29 April 2019 
 f)   Place of the transaction          London Stock Exchange (XLON) 
     --------------------------------  ----------------------------------- 
 

Stephanie Murton

Legal Counsel

020 7451 9083

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 31, 2019 05:38 ET (09:38 GMT)

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