SEGRO ensures its presence in EU stock markets post-Brexit with a dual listing on Euronext Paris

Back

Paris  24 november 2020 – Euronext today congratulates SEGRO PLC, a British real estate investment trust, on its dual listing in Compartment A of Euronext’s regulated market in Paris (ticker code: SGRO). SEGRO, which celebrated its 100th birthday this year, is a leading owner, asset manager and developer of modern warehousing and industrial property in Europe. It currently owns or manages 8.1 million square metres of space, spread over eight different European countries, Germany and France being two of the most important locations after the United Kingdom.

Already listed on the London Stock Exchange, SEGRO completed its dual listing on Euronext Paris today. SEGRO therefore ensures its presence on a stock exchange in the European Union after the transition period of Brexit, which ends on 31 December 2020. This dual listing further allows SEGRO to expand and diversify its shareholder base in continental Europe and to provide additional liquidity to its shares while entering Euronext Paris emphasises the importance of its European business activities and investor base. Paris was a natural choice for its listing location as it is already home to SEGRO’s largest office in continental Europe.

SEGRO was listed through the admission to trading of 1,191,577,392 ordinary shares. The reference price of SEGRO shares was €10.09 per share, based on the closing price of its shares listed on the main market of the London Stock Exchange. Market capitalization of the ordinary shares was approximately €12.02 billion on the day of listing.

During the virtual bell ceremony celebrating the listing, Soumen Das, CFO of SEGRO said: “We’re delighted that our shares commence trading today on our secondary listing on Euronext Paris, reflecting the growth and importance to SEGRO of our Continental European investor base and operations. We currently manage a €6.2 billion portfolio of warehouses across 7 countries on the Continent, which has grown significantly over the last five years and now represents over 47% of our assets under management.”

Bell ringing picture Segro

Caption : Chief Financial Officer, Soumen Das, rang the bell virtually this morning to celebrate the dual listing of SEGRO with his team.

 

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

See https://www.SEGRO.com for further information.

For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.