Company Announcements
Director/PDMR Shareholding
Related Companies
By LSE RNS
9 August 2017
SEGRO plc (the Company)
LEI: 213800XC35KGM9NFC641
Director/PDMR Shareholding
LTIP vesting
On 7 August 2017, following a recommendation made by the Company, the Trustees of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2013 Long Term Incentive Plan Award (the Award) to the below Directors/PDMRs.
The table below shows the number of shares released and subsequently sold and the resultant beneficial holdings:
|
|
Number of shares vesting (gross)1 |
Number of shares vesting (net)2 |
Number of shares sold on 8 August 2017 at 538.5527 pence |
Beneficial holdings following vesting of the Award (inclusive of the SEGRO plc Share Incentive Plan) |
|
Directors |
||||
|
David Sleath |
349,114 |
185,030 |
185,030 |
652,8993 |
|
Andy Gulliford* |
159,785 |
84,686 |
- |
340,815 |
|
Phil Redding |
150,387 |
79,705 |
- |
318,865 |
|
|
||||
|
PDMRs |
||||
|
Elizabeth Blease** |
65,290 |
34,603 |
- |
135,248 |
|
Liz Reilly |
86,354 |
45,767 |
- |
128,720 |
*Andy Gulliford's beneficial holding is partly held by a Person Closely Associated (PCA), Jan Gulliford.
**Elizabeth Blease's beneficial holding is partly held by a PCA, Tim Rayner.
Notes:
1. Vesting of the Award is subject to two equally weighted performance conditions measured over the four-year performance period from 1 January 2013 to 31 December 2016; Total Shareholder Return (TSR) and Total Property Return (TPR).
For both elements, the Company's performance against the benchmarks resulted in a 100 per cent vesting.
2. The participants received their shares net of adjustments for Income Tax and National Insurance Contributions.
3. David Sleath's shareholding is 804.8 per cent of his base salary as at today's date. He is expected to hold shares equivalent to 250 per cent of his base salary. The number of shares held which contribute towards the shareholding requirement, includes beneficial interests, DSBP and SIP shares. The value of the shares has been calculated using the MMQ of 540.5 pence, as at 4 August 2017.
The Notification of Dealing Forms provided in accordance with the requirements of the Market Abuse Regulation (2014/596/EU) in relation to the transactions listed above are set out below:
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a)
|
Name |
David Sleath |
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|
2. |
Reason for the notification |
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|
a)
|
Position/status
|
Chief Executive |
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|
b)
|
Initial notification /Amendment
|
Initial |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a)
|
Name
|
SEGRO plc |
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b)
|
LEI |
213800XC35KGM9NFC641 |
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|
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 |
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|
b)
|
Nature of the transaction |
Vesting of the 2013 LTIP Award |
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|
c)
|
Price(s) and volume(s) |
|
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|
d)
|
Aggregated information |
N/A |
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|
e)
|
Date of the transaction
|
7 August 2017 |
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f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
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|
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 |
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|
b)
|
Nature of the transaction |
Sale of shares |
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c)
|
Price(s) and volume(s) |
|
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|
d)
|
Aggregated information |
N/A |
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|
e)
|
Date of the transaction
|
8 August 2017 |
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|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
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|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a)
|
Name |
Andy Gulliford |
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|
2. |
Reason for the notification |
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a)
|
Position/status
|
Chief Operating Officer |
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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 |
Vesting of the 2013 LTIP Award |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d)
|
Aggregated information |
N/A |
||||||
|
e)
|
Date of the transaction
|
7 August 2017 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
||||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||
|
a)
|
Name |
Phil Redding |
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|
2. |
Reason for the notification |
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|
a)
|
Position/status
|
Chief Investment Officer |
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|
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 |
Vesting of the 2013 LTIP Award |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d)
|
Aggregated information |
N/A |
||||||
|
e)
|
Date of the transaction
|
7 August 2017 |
||||||
|
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 instrument, type of instrument |
Ordinary shares of 10 pence each |
||||||
|
b)
|
Nature of the transaction |
Vesting of the 2013 LTIP Award |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d)
|
Aggregated information |
N/A |
||||||
|
e)
|
Date of the transaction
|
7 August 2017 |
||||||
|
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 instrument, type of instrument |
Ordinary shares of 10 pence each |
||||||
|
b)
|
Nature of the transaction |
Vesting of the 2013 LTIP Award |
||||||
|
c)
|
Price(s) and volume(s) |
|
||||||
|
d)
|
Aggregated information |
N/A |
||||||
|
e)
|
Date of the transaction
|
7 August 2017 |
||||||
|
f)
|
Place of the transaction
|
London Stock Exchange (XLON) |
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Stephanie Murton
Legal Counsel
020 7451 9083
This information is provided by RNS
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