Director/PDMR Shareholding

RNS Number : 9588U
SEGRO PLC
12 April 2016
 

12 April 2016

 

SEGRO plc (the Company)

 

Director/PDMR Shareholding

 

On 11 April 2016, following a recommendation made by the Company on 6 April 2016, the Trustees of the SEGRO plc Employees' Benefit Trust resolved to release the shares under the 2012 SEGRO plc Deferred Share Bonus Plan (DSBP) to the following Directors/PDMRs:

 

Director

Total shares vesting

Net shares vesting

Total beneficial shareholding following vesting

David Sleath        

28,369

15,035

416,079

Andy Gulliford

15,457

8,192

146,349

Justin Read

15,457

8,192

101,028

Phil Redding

14,548

7,710

134,885





PDMR




Elizabeth Blease

6,632

3,514

64,673

Liz Reilly

7,371

3,906

42,364

 

Notes:

(a)  Under the 2012 DSBP, 25 per cent of the bonus payable in respect of 2012 performance was deferred as shares for three years.

(b)  The participants received their shares net of adjustments for Income Tax and National Insurance Contributions.

(c)  The total beneficial shareholding includes shares held in the Company's Share Incentive Plan.

 

Additionally on 11 April 2016, following a recommendation made by the Company on 7 April 2016, the Trustees 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/PDMRs of the Company:

 

Director

 

Number of shares awarded

David Sleath

277,392

Andy Gulliford

181,565

Justin Read

181,565

Phil Redding

181,565



PDMR


Elizabeth Blease

61,041

Liz Reilly

59,329

 

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 2015 Annual Report and Accounts.

(b)  The calculation of the awards granted was based on a share price of £4.207, which was the Company's closing mid-market share price on 6 April 2016.

 

 

Stephanie Murton

Legal Counsel

020 7451 9085

 


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