SEGRO PLC Director/PDMR Shareholding (7604A)
May 31 2019 - 5:38AM
UK Regulatory
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
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END
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