SEGRO Shareholders Approve Prologis Acquisition Offer

SEGRO plc announced the approval of its acquisition by Prologis, Inc. following the positive outcome of both the Court and General Meetings. The meetings confirmed support for the recommended share offer with a partial cash alternative.

The Court Meeting witnessed 98.12% votes in favor, with 926.8 million Scheme Shares voted for the resolution. Similarly, at the General Meeting, SEGRO shareholders voted 98.14% in favor of the Special Resolution, indicating strong backing for the proposal.

This approval marks fulfillment of key conditions necessary for the acquisition process under Part 26 of the Companies Act. The scheme is projected to become effective in the first half of 2027, pending the satisfaction of remaining conditions and court approval.