Segro Acquisition by Prologis: Shareholder Vote Scheduled for September 28
Segro has made available to its shareholders the document relating to the scheme of arrangement governing the merger offer presented by Prologis, along with a provisional timetable of the main milestones.
A document describing the terms of the transaction and upcoming shareholder meetings
Segro announced on September 1, 2026 the publication of the Scheme Document relating to the scheme of arrangement ("Scheme") provided for under Part 26 of the Companies Act 2006, in connection with the recommended offer in shares with a partial cash alternative filed by Prologis, Inc.
This document contains in particular a letter from the Chairman of Segro, an explanatory statement under section 897 of the Companies Act, the full terms and conditions of the Scheme, a provisional timetable of the main events as well as the notices convening the Court Meeting and the General Meeting.
It is made available on the websites of Segro and Prologis and transmitted to the National Storage Mechanism. The transaction had been announced on August 4, 2026 by the boards of directors of both companies.
Shareholder meetings on September 28, 2026 and expected timetable for the first half of 2027
The Court Meeting and the General Meeting will be held on September 28, 2026 at UBS premises in London, at 11:00 a.m. and 11:15 a.m. (London time) respectively. The deadline for depositing proxy forms is set for September 24, 2026.
The Scheme remains subject to approval by the required majorities at these two meetings as well as to the satisfaction or, where applicable, the waiver of other conditions, including the Court's sanction. It is expected to become effective in the first half of 2027.
The directors of Segro, advised by Evercore and Morgan Stanley on the financial terms, unanimously recommend voting in favor of the Scheme. The directors holding shares have committed irrevocably for their stakes, representing 3,331,443 shares, accounting for approximately 0.245% of the share capital issued on August 28, 2026.
