Director/PDMR Shareholding

Director/PDMR Shareholding

SEGRO PLC

SEGRO plc (the Company)

Directors/PDMRs Shareholding

On 24 March 2023, the Company granted conditional awards over shares in the Company under the SEGRO plc 2018 Long Term Incentive Plan (LTIP).

The Remuneration Committee has considered the fall in share price since LTIP grants were made in 2022 and, whilst it is of the view that no windfall circumstances exist at the current share price and considering the strong operational performance of the Company, the Committee commits that it will assess whether a windfall gain has occurred between grant and vesting of the 2023 LTIP award. If the Committee determines that a windfall circumstance has existed, then it will consider the extent to which the LTIP awards granted to Executive Directors should be scaled back.

Details of the grant of LTIP awards to Directors/PDMRs of the Company are set out in the table below.

Name	Transaction	Number of shares subject to awards granted on 24 March 2023	Beneficial holdings (inclusive of the SEGRO plc Share Incentive Plan (SIP))
Directors
David Sleath	Grant of LTIP award1,2,3	303,010	734,939
Soumen Das4	Grant of LTIP award1,2,3	187,767	401,567
PDMR
Margaret Murphy	Grant of LTIP award1,3	48,793	0

1. The LTIP awards have been structured as conditional awards over ordinary shares in the Company. Further details of the operation of the LTIP are available in the Company’s 2022 Annual Report and Accounts.

2. The Remuneration Committee has the discretion to adjust the LTIP awards downwards at vesting to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.

3. The number of shares subject to the LTIP awards granted has been calculated using a share price of 737.80 pence, being the closing mid-market quotation of a share on the business day immediately preceding grant. This method of calculation is consistent with that used for previous awards.

4. Soumen Das’ beneficial holding is partly held by a Person Closely Associated (PCA), Dipa Das.

The Notification of Dealing Forms provided in accordance with the requirements of the UK Market Abuse Regulation 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 each
b)	Nature of the transaction	Grant of LTIP award
c)	Price(s) and volume(s)	Price Volume Total NIL 303,010 NIL
d)	Aggregated information	N/A
e)	Date of the transaction	24 March 2023
f)	Place of the transaction	Off market

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 each
b)	Nature of the transaction	Grant of LTIP award
c)	Price(s) and volume(s)	Price Volume Total NIL 187,767 NIL
d)	Aggregated information	N/A
e)	Date of the transaction	24 March 2023
f)	Place of the transaction	Off market

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Margaret Murphy
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	Grant of LTIP award
c)	Price(s) and volume(s)	Price  Volume  Total NIL 48,793  NIL
d)	Aggregated information	N/A
e)	Date of the transaction	24 March 2023
f)	Place of the transaction	Off market

Julia Foo
Company Secretary
020 7451 9080

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