BXTN Brixton

 
TIDMSGRO TIDMBXTN 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, OR INTO 
OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF 
THE APPLICABLE LAWS OF SUCH JURISDICTION, INCLUDING BUT NOT LIMITED TO THE 
UNITED STATES, THE REPUBLIC OF SOUTH AFRICA, SINGAPORE, CANADA AND, SUBJECT TO 
CERTAIN EXCEPTIONS JAPAN. 
 
                           SEGRO plc (the "Company") 
 
                       Results of Placing and Open Offer 
 
Unless otherwise defined in this announcement, capitalised terms shall have the 
same meaning as in the circular issued to shareholders on 10 July 2009 in 
connection with the proposed acquisition of Brixton plc and the proposed 
Placing and Open Offer (the "Circular"). 
 
On 9 July 2009, the Board of SEGRO plc announced the pricing details of the 
Firm Placing and Placing and Open Offer of new SEGRO Shares to raise gross 
proceeds of approximately GBP250 million. Placees agreed to subscribe for 
59,523,809 Firm Placed Shares and to subscribe for 59,523,810 Open Offer 
Shares. The Open Offer Shares were subject to clawback in respect of valid 
applications by Qualifying Shareholders at the Issue Price. The Firm Placed 
Shares were not subject to clawback and were not part of the Open Offer. 
 
The Company today announces that, as at 11.00 a.m. on 27 July 2009, being the 
latest time and date for receipt of completed Application Forms and payment in 
full or settlement of relevant CREST instructions under the Open Offer, it had 
received valid acceptances in respect of 51,503,853 Open Offer Shares in 
aggregate, representing approximately 86.53 per cent of the total number of 
Open Offer Shares offered to Qualifying Shareholders pursuant to the Placing 
and Open Offer announced by the Company on 9 July 2009. Accordingly, the 
remaining 8,019,957 Open Offer Shares, representing approximately 13.47 per 
cent of the total number of Open Offer Shares, have been allocated to the 
investors with whom they have been conditionally placed. 
 
Each of the Company's Directors has taken up his or her entitlement under the 
Open Offer in full. 
 
The Placing and Open Offer are conditional, inter alia, on the Share 
Consolidation becoming effective, the passing of the Approval Resolution and 
the Placing Agreement becoming unconditional in all respects relating to the 
Placing and Open Offer (save for Admission and Euronext Admission of the Firm 
Placed Shares and the Open Offer Shares) but they are not conditional on the 
Acquisition becoming Effective. Admission of the Firm Placed Shares and Open 
Offer Shares to the Official List and to trading on the London Stock Exchange 
is expected to occur at 8.00 a.m. on 31 July 2009. It is expected that Euronext 
Admission of the Firm Placed Shares and the Open Offer Shares will occur at 
9.00 a.m. (CET) on 31 July 2009 
 
- END - 
 
Further information: 
 
Further information on the Acquisition and Placing and Open Offer is available 
on the Company's website www.segro.com. 
 
Contact: 
 
SEGRO plc 
Ian Coull, Chief Executive Tel.                +44 (0)20 7491 0177 
David Sleath, Group Finance Director 
Siva Shankar, Director of Corporate Finance 
 
Colin Browne, Maitland Tel.                    +44 (0)20 7379 5151 
 
Disclaimer: 
 
This announcement does not constitute or form part of any offer to sell or any 
invitation to purchase any securities or the solicitation of any vote for 
approval in any jurisdiction, nor shall there be any sale, issue or transfer of 
the securities referred to in this announcement in any jurisdiction, in 
contravention of applicable law. This announcement does not constitute a 
prospectus or a prospectus-equivalent document. Any purchase of, or application 
for, new SEGRO Shares should only be made on the basis of the information 
contained in and incorporated by reference into the Prospectus which has been 
prepared in accordance with the Prospectus Rules made under section 84 of the 
Financial Services and Markets Act 2000 and is available on the homepage of the 
Company's website. Owing to regulatory considerations, persons located in an 
Open Offer Restricted Jurisdiction will not have access to the Prospectus on 
the Company's website. 
 
The release, publication or distribution of this announcement in certain 
jurisdictions may be restricted by law. This announcement is not an offer of 
securities for sale in the United States. 
 
The new SEGRO Shares have not been and will not be registered under the U.S. 
Securities Act of 1933, as amended (the "Securities Act"), nor the securities 
laws of any state or any other jurisdiction of the United States. Consequently, 
the new SEGRO Shares may not be offered sold, taken up, exercised, resold, 
renounced, transferred or delivered, directly or indirectly, within the United 
States except pursuant to an applicable exemption from the registration 
requirements of the Securities Act and in compliance with any applicable 
securities laws of any state or other jurisdiction of the United States or 
pursuant to an effective registration statement. 
 
J.P. Morgan Cazenove, J.P. Morgan Securities, UBS and Merrill Lynch are acting 
for the Company in relation to the Placing and Open Offer and are not advising 
any other person and accordingly will not be responsible to any person other 
than the Company for providing the protections afforded to clients or for 
providing advice in relation to the matters described in this document. 
 
Neither the content of the Company's website nor any website accessible by 
hyperlinks on the Company's website is incorporated in, or forms part of, this 
announcement. 
 
END 
 

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