Director/PDMR Shareholding

Director/PDMR Shareholding

SEGRO PLC

6 May 2021

SEGRO plc (the Company)

Director/PDMR Shareholding

On 5 May 2021, following a recommendation made by the Company, the Trustee of the SEGRO plc Employees’ Benefit Trust agreed to:

- release the shares in respect of the 2017 Deferred Share Bonus Plan (DSBP) Award, made on 28 June 2018; and

- release the shares in respect of the 2018 Long Term Incentive Plan (LTIP) Award, made on 26 April 2018,

to Directors and PDMRs in the Company.

Full details about the DSBP and the LTIP, including performance conditions, can be found in the Company’s 2020 Annual Report and Accounts.

The table below shows the number of shares awarded, released and subsequently sold on 5 May 2021, and Directors’ and PDMRs resultant beneficial holdings.

Name	Award	Number of shares vested on 5 May 2021 (Gross)	Number of shares vested on 5 May 2021 (Net)	Number of shares sold on 5 May 2021	Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP))	Beneficial holding as a percentage of base salary as at 5 May 20217
Directors
David Sleath	2017 DSBP	69,920	37,057	37,0576	701,797	1,068%
	2018 LTIP1	196,892	104,352	-
	Other	-	-	104,3515
Soumen Das2	2017 DSBP	51,957	27,537	27,5376	376,764	795%
	2018 LTIP1	146,310	77,544	-
Andy Gulliford3	2017 DSBP	45,779	24,262	24,2626	692,461	1,561%
	2018 LTIP	128,913	68,323	-
PDMR
Elizabeth Blease4	2017 DSBP	6,250	3,312	3,3126	154,308	-
	2018 LTIP1	43,326	22,962	22,9626
Liz Reilly	2017 DSBP	6,291	3,334	3,3346	143,349	-
	2018 LTIP1	42,520	22,535	22,5356

1. As estimated in the 2020 Annual Report and Accounts, the Company’s performance against benchmarks resulted in 100 per cent of the 2018 LTIP vesting. The Directors’ 2018 LTIP Award is subject to a two-year post-vesting Holding Period, which will end of 26 April 2023.
2. Soumen Das’ beneficial holding is partly held by a Person Closely Associated (PCA), Dipa Das.
3. Andy Gulliford’s beneficial holding is partly held by a PCA, Jan Gulliford.
4. Elizabeth Blease’s beneficial holding is partly held by a PCA, Tim Rayner.
5. David Sleath also sold 104,351 shares on 5 May 2021 at 1,001.07 pence per share.
6. Shares sold at 1,001.77 pence per share.
7. David Sleath is expected to build a shareholding in the Company equivalent to 300 per cent of the value of his base salary. Soumen Das and Andy Gulliford are expected to hold shares equivalent to 250 per cent of their base salaries. The number of shares which contribute towards this shareholding requirement comprise beneficial interests (including SIP shares) and shares subject to deferral under the DSBP, net of Income Tax and National Insurance. The value of the shares has been calculated using the vesting share price of the 2017 DSBP and 2018 LTIP Awards, at 1,001.77 pence.

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:

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
b)	Nature of the transaction	Vesting of 2017 DSBP Award Sale of 2017 DSBP Shares Vesting of 2018 LTIP Award Sale
c)	Price(s) and volume(s)	Price Volume Total 1 £10.0177 37,057 £371,225.91 2 £10.0177 37,057 £371,225.91 3 £10.0177 104,352 £1,045,367,03 4 £10.0177 104,351 £1,044,626.57
d)	Aggregated information	N/A
e)	Date of the transaction	05/05/2021
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 instrument, type of instrument	Ordinary Shares of 10 pence
b)	Nature of the transaction	Vesting of 2017 DSBP Award Sale of 2017 DSBP Shares Vesting of 2018 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total 1 £10.0177 27,537 £275,857.40 2 £10.0177 27,537 £275,857.40 3 £10.0177 77,544 £776,812.53
d)	Aggregated information	N/A
e)	Date of the transaction	05/05/2021
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 instrument, type of instrument	Ordinary Shares of 10 pence
b)	Nature of the transaction	Vesting of 2017 DSBP Award Sale of 2017 DSBP Shares Vesting of 2018 LTIP Award
c)	Price(s) and volume(s)	Price Volume Total 1 £10.0177 24,262 £240,049.43 2 £10.0177 24,262 £240,049.43 3 £10.0177 68,323 £684,439.32
d)	Aggregated information	N/A
e)	Date of the transaction	05/05/2021
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
b)	Nature of the transaction	Vesting of 2017 DSBP Award Sale of 2017 DSBP Shares Vesting of 2018 LTIP Award Sale of 2018 LTIP Shares
c)	Price(s) and volume(s)	Price Volume Total 1 £10.0177 3,312 £33,178.62 2 £10.0177 3,312 £33,178.62 3 £10.0177 22,962 £230,026.43 4 £10.0177 22,962 £230,026.43
d)	Aggregated information	N/A
e)	Date of the transaction	05/05/2021
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
b)	Nature of the transaction	Vesting of 2017 DSBP Award Sale of 2017 DSBP Shares Vesting of 2018 LTIP Award Sale of 2018 LTIP Shares
c)	Price(s) and volume(s)	Price Volume Total 1 £10.0177 3,334 £33,399.02 2 £10.0177 3,334 £33,399.02 3 £10.0177 22,535 £225,748.87 4 £10.0177 22,535 £225,748.87
d)	Aggregated information	N/A
e)	Date of the transaction	05/05/2021
f)	Place of the transaction	London Stock Exchange (XLON)

Penny Thomas

Interim Head of Secretariat

020 7451 9083

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