Director/PDMR Shareholding

Director/PDMR Shareholding

SEGRO PLC

SEGRO plc (the Company)

Directors/PDMR Shareholding

The 2019 Long Term Incentive Plan (LTIP) award was made on 29 May 2019 and reached the end of the three-year performance period on 29 May 2022.

The Remuneration Committee has assessed the extent to which the performance conditions of this award have been satisfied and has determined that, as estimated in the 2021 Annual Report and Accounts, 100 per cent of the award should vest. Full details about the 2019 LTIP award, including performance conditions, can be found in the 2021 Annual Report and Accounts.

The 2019 LTIP awards made to Executive Directors are subject to a further two-year compulsory holding period prior to vesting, which will end on 29 May 2024, as detailed below:

Name	Number of shares awarded on 29 May 2019	Number of shares lapsed at the end of the performance period	Number of shares which will vest on or around 29 May 2024
David Sleath	230,680	0	230,680
Soumen Das	171,418	0	171,418
Andy Gulliford	151,036	0	151,036

As the above awards take the form of conditional awards over shares in the Company which have not yet vested, the end of the performance period and the Remuneration Committee’s determination of the extent to which the performance conditions have been satisfied do not constitute a transaction conducted on the relevant individuals’ account relating to Shares for the purposes of Article 19(3) of the UK Market Abuse Regulation (UK MAR).

Additionally, on 7 June 2022, a 2019 LTIP award held by a PDMR of the Company vested and the Company arranged for the sale, on behalf of the PDMR, of a sufficient number of the vested shares to satisfy income tax and national insurance liabilities arising on vesting. The table below shows the number of shares which vested and the PDMR’s resultant beneficial holding:

Name	Number of shares vested on 7 June 2022 (Gross)	Number of shares vested on 7 June 2022 (Net)	Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP))
Liz Reilly	40,241	20,824	169,655

The Notification of Dealing Form provided in accordance with the requirements of the UK MAR in relation to the transactions listed above is set out below:

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	1. Vesting of 2019 LTIP Award 2. Sale of shares to satisfy income tax and national insurance liabilities
c)	Price(s) and volume(s)	Price Volume Total 1. NIL 40,241 NIL 2. £10.9194 19,417 £212,021.99
d)	Aggregated information	N/A
e)	Date of the transaction	1. 7 June 2022 2. 7 June 2022
f)	Place of the transaction	1. London Stock Exchange, Main Market (XLON) 2. London Stock Exchange, Main Market (XLON)

Julia Foo

Company Secretary

020 7451 9083

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