{"success":true,"data":{"pressRelease":{"id":"139431","rtpr_id":"nBw4FJk3Qa-20260909","ticker":"SGRO","exchange":"LSE","all_tickers":["SGRO"],"title":"REG-Millennium Partners, L.P. Form 8.3","author":"Business Wire","published_at":"2026-09-09T14:25:00.623Z","article_body":"Form 8.3\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser:                                                          Millennium International Management LP  \n (b) Owner or controller of interests and short positions disclosed, if                                                       \n different from 1(a):                                                                                                         \n \n                                                                                                                            \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the                                                \n trustee(s), settlor and beneficiaries must be named.                                                                         \n (c) Name of offeror/offeree in relation to whose relevant securities this form       SEGRO plc                               \n relates:                                                                                                                     \n \n                                                                                                                            \n \nUse a separate form for each offeror/offeree                                                                                \n (d) If an exempt fund manager connected with an offeror/offeree, state this                                                  \n and specify identity of offeror/offeree:                                                                                     \n (e) Date position held/dealing undertaken:                                           8(th) September 2026                    \n \n                                                                                                                            \n \nFor an opening position disclosure, state the latest practicable date prior to                                              \n the disclosure                                                                                                               \n (f) In addition to the company in 1(c) above, is the discloser making                Prologis, Inc.                          \n disclosures in respect of any other party to the offer?                                                                      \n \n                                                                                                                            \n \nIf it is a cash offer or possible cash offer, state “N/A”                                                                   \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security:                                              10p Ordinary (GB00B5ZN1N88)                             \n                                                                          Interests                       Short positions         \n \n                                                                                                                                \n \n                                                                                                                                \n                                                                          Number            %             Number          %       \n (1) Relevant securities owned and/or controlled:                         -                 -             -               -       \n (2) Cash-settled derivatives:                                            33,604,639        2.482%        -               -       \n \n                                                                                                                                \n \n                                                                                                                                \n (3) Stock-settled derivatives (including options) and agreements to      -                 -             -               -       \n purchase/sell:                                                                                                                   \n                                                                          33,604,639        2.482%        -               -       \n \n                                                                                                                                \n \nTOTAL:                                                                                                                          \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists:           \n Details, including nature of the rights concerned and relevant percentages:          \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security      Purchase/sale      Number of securities      Price per unit (GBP)  \n                                 \n                                                                  \n                                 \n                                                                  \n                                                                                                    \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security      Product description      Nature of dealing                                                                  Number of reference securities      Price per unit  \n                                 \n                        \n                                                                                                                      \n               \n                                 \ne.g. CFD                \ne.g. opening/closing a long/short position, increasing/reducing a long/short                                          \n               \n                                                          position                                                                                                                               \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         929,693                             9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         22,658                              9.44 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         18,999                              9.46 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         11,082                              9.48 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         8,093                               9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           216                                 9.45 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         41                                  9.46 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           20                                  9.42 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           2,208,720                           9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           929,693                             9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         2,208,720                           9.47 GBP        \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n Class of relevant security      Product description e.g. call option      Writing, purchasing, selling, varying etc.      Number of securities to which option relates      Exercise price per unit      Type                               Expiry date      Option money paid/ received per unit  \n                                                                                                                                                                                                          \n                                                                                         \n                                                                                                                                                                                                          \ne.g. American, European etc.                                                             \n                                                                                                                                                                                                                                                                                                    \n\n\n(ii) Exercise\n Class of relevant security      Product description      Exercising/ exercised against      Number of securities      Exercise price per unit  \n                                 \n                                                                                                              \n                                 \ne.g. call option                                                                                              \n                                                                                                                                                \n                                                                                                                       \n                        \n                                                                                                                       \n                        \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security      Nature of dealing                   Details      Price per unit (if applicable)  \n                                 \n                                                                                \n                                 \ne.g. subscription, conversion                                                   \n                                                                                                                  \n                                 \n                                                                                \n                                 \n                                                                                \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or              \n understanding, formal or informal, relating to relevant securities which may     \n be an inducement to deal or refrain from dealing entered into by the person      \n making the disclosure and any party to the offer or any person acting in         \n concert with a party to the offer:                                               \n \n                                                                                \n \nIrrevocable commitments and letters of intent should not be included. If there  \n are no such agreements, arrangements or understandings, state “none”             \n                                                                                  \n \n                                                                                \n \nNONE                                                                            \n \n                                                                                \n \n                                                                                \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal,  \n between the person making the disclosure and any other person relating to:   \n \n                                                                            \n \n(i) the voting rights of any relevant securities under any option; or       \n \n                                                                            \n \n(ii) the voting rights or future acquisition or disposal of any relevant    \n securities to which any derivative is referenced:                            \n \n                                                                            \n \nIf there are no such agreements, arrangements or understandings, state      \n “none”                                                                       \n                                                                              \n \n                                                                            \n \nNONE                                                                        \n \n                                                                            \n \n                                                                            \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached?      NO  \n\n Date of disclosure:      9(th) September 2026  \n Contact name:            Stephen Glasper       \n Telephone number:        +44 203 398 2166      \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service and must also be emailed to the Takeover Panel at\nmonitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) . The\nPanel’s Market Surveillance Unit is available for consultation in relation\nto the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54600910&newsitemid=20260909529803&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=52fa0d335421ef008880a43ebc8900ae)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260909529803/en/\n(https://www.businesswire.com/news/home/20260909529803/en/)\n\nMillennium Partners, L.P.\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4FJk3Qa-20260909","title":"REG-Millennium Partners, L.P. Form 8.3","author":"Business Wire","ticker":"SGRO","created":"2026-09-09T14:25:00.623Z","tickers":["SGRO"],"exchange":"LSE","article_body":"Form 8.3\n\n \n\nFORM 8.3\n\nPUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY\n\nA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE\n\nRule 8.3 of the Takeover Code (the “Code”)\n\n1. KEY INFORMATION\n (a) Full name of discloser:                                                          Millennium International Management LP  \n (b) Owner or controller of interests and short positions disclosed, if                                                       \n different from 1(a):                                                                                                         \n \n                                                                                                                            \n \nThe naming of nominee or vehicle companies is insufficient. For a trust, the                                                \n trustee(s), settlor and beneficiaries must be named.                                                                         \n (c) Name of offeror/offeree in relation to whose relevant securities this form       SEGRO plc                               \n relates:                                                                                                                     \n \n                                                                                                                            \n \nUse a separate form for each offeror/offeree                                                                                \n (d) If an exempt fund manager connected with an offeror/offeree, state this                                                  \n and specify identity of offeror/offeree:                                                                                     \n (e) Date position held/dealing undertaken:                                           8(th) September 2026                    \n \n                                                                                                                            \n \nFor an opening position disclosure, state the latest practicable date prior to                                              \n the disclosure                                                                                                               \n (f) In addition to the company in 1(c) above, is the discloser making                Prologis, Inc.                          \n disclosures in respect of any other party to the offer?                                                                      \n \n                                                                                                                            \n \nIf it is a cash offer or possible cash offer, state “N/A”                                                                   \n\n\n2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE\n\nIf there are positions or rights to subscribe to disclose in more than one\nclass of relevant securities of the offeror or offeree named in 1(c), copy\ntable 2(a) or (b) (as appropriate) for each additional class of relevant\nsecurity.\n\n(a) Interests and short positions in the relevant securities of the offeror or\nofferee to which the disclosure relates following the dealing (if any)\n Class of relevant security:                                              10p Ordinary (GB00B5ZN1N88)                             \n                                                                          Interests                       Short positions         \n \n                                                                                                                                \n \n                                                                                                                                \n                                                                          Number            %             Number          %       \n (1) Relevant securities owned and/or controlled:                         -                 -             -               -       \n (2) Cash-settled derivatives:                                            33,604,639        2.482%        -               -       \n \n                                                                                                                                \n \n                                                                                                                                \n (3) Stock-settled derivatives (including options) and agreements to      -                 -             -               -       \n purchase/sell:                                                                                                                   \n                                                                          33,604,639        2.482%        -               -       \n \n                                                                                                                                \n \nTOTAL:                                                                                                                          \n\n\nAll interests and all short positions should be disclosed.\n\nDetails of any open stock-settled derivative positions (including traded\noptions), or agreements to purchase or sell relevant securities, should be\ngiven on a Supplemental Form 8 (Open Positions).\n\n(b) Rights to subscribe for new securities (including directors’ and other\nemployee options)\n Class of relevant security in relation to which subscription right exists:           \n Details, including nature of the rights concerned and relevant percentages:          \n\n\n3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE\n\nWhere there have been dealings in more than one class of relevant securities\nof the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as\nappropriate) for each additional class of relevant security dealt in.\n\nThe currency of all prices and other monetary amounts should be stated.\n\n(a) Purchases and sales\n Class of relevant security      Purchase/sale      Number of securities      Price per unit (GBP)  \n                                 \n                                                                  \n                                 \n                                                                  \n                                                                                                    \n\n\n(b) Cash-settled derivative transactions\n Class of relevant security      Product description      Nature of dealing                                                                  Number of reference securities      Price per unit  \n                                 \n                        \n                                                                                                                      \n               \n                                 \ne.g. CFD                \ne.g. opening/closing a long/short position, increasing/reducing a long/short                                          \n               \n                                                          position                                                                                                                               \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         929,693                             9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         22,658                              9.44 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         18,999                              9.46 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         11,082                              9.48 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         8,093                               9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           216                                 9.45 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         41                                  9.46 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           20                                  9.42 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           2,208,720                           9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Reducing a Long Position                                                           929,693                             9.47 GBP        \n GB00B5ZN1N88                    Equity Swap              Increasing a Long Position                                                         2,208,720                           9.47 GBP        \n\n\n(c) Stock-settled derivative transactions (including options)\n\n(i) Writing, selling, purchasing or varying\n Class of relevant security      Product description e.g. call option      Writing, purchasing, selling, varying etc.      Number of securities to which option relates      Exercise price per unit      Type                               Expiry date      Option money paid/ received per unit  \n                                                                                                                                                                                                          \n                                                                                         \n                                                                                                                                                                                                          \ne.g. American, European etc.                                                             \n                                                                                                                                                                                                                                                                                                    \n\n\n(ii) Exercise\n Class of relevant security      Product description      Exercising/ exercised against      Number of securities      Exercise price per unit  \n                                 \n                                                                                                              \n                                 \ne.g. call option                                                                                              \n                                                                                                                                                \n                                                                                                                       \n                        \n                                                                                                                       \n                        \n\n\n(d) Other dealings (including subscribing for new securities)\n Class of relevant security      Nature of dealing                   Details      Price per unit (if applicable)  \n                                 \n                                                                                \n                                 \ne.g. subscription, conversion                                                   \n                                                                                                                  \n                                 \n                                                                                \n                                 \n                                                                                \n\n\n4. OTHER INFORMATION\n\n(a) Indemnity and other dealing arrangements\n Details of any indemnity or option arrangement, or any agreement or              \n understanding, formal or informal, relating to relevant securities which may     \n be an inducement to deal or refrain from dealing entered into by the person      \n making the disclosure and any party to the offer or any person acting in         \n concert with a party to the offer:                                               \n \n                                                                                \n \nIrrevocable commitments and letters of intent should not be included. If there  \n are no such agreements, arrangements or understandings, state “none”             \n                                                                                  \n \n                                                                                \n \nNONE                                                                            \n \n                                                                                \n \n                                                                                \n\n\n(b) Agreements, arrangements or understandings relating to options or\nderivatives\n Details of any agreement, arrangement or understanding, formal or informal,  \n between the person making the disclosure and any other person relating to:   \n \n                                                                            \n \n(i) the voting rights of any relevant securities under any option; or       \n \n                                                                            \n \n(ii) the voting rights or future acquisition or disposal of any relevant    \n securities to which any derivative is referenced:                            \n \n                                                                            \n \nIf there are no such agreements, arrangements or understandings, state      \n “none”                                                                       \n                                                                              \n \n                                                                            \n \nNONE                                                                        \n \n                                                                            \n \n                                                                            \n\n\n(c) Attachments\n Is a Supplemental Form 8 (Open Positions) attached?      NO  \n\n Date of disclosure:      9(th) September 2026  \n Contact name:            Stephen Glasper       \n Telephone number:        +44 203 398 2166      \n\n\nPublic disclosures under Rule 8 of the Code must be made to a Regulatory\nInformation Service and must also be emailed to the Takeover Panel at\nmonitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) . The\nPanel’s Market Surveillance Unit is available for consultation in relation\nto the Code’s disclosure requirements on +44 (0)20 7638 0129.\n\nThe Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54600910&newsitemid=20260909529803&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=52fa0d335421ef008880a43ebc8900ae)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260909529803/en/\n(https://www.businesswire.com/news/home/20260909529803/en/)\n\nMillennium Partners, L.P.\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-09T14:25:00.79064435Z","server_sent_at_ms":1788963900790},"received_at":"2026-09-09T14:25:00.843Z","source_url":"https://www.businesswire.com/news/home/20260909529803/en/"},"analysis":{"id":"128270","press_release_id":"139431","analysis_json":{"industry":{"label":"Industrial REITs","sector":"Real Estate"},"redFlags":["Rule 8.3 filing implies an active offer period involving SEGRO plc and Prologis, Inc., but the form does not identify which party is offeror versus offeree","Millennium's entire 2.482% position is cash-settled derivatives with no underlying share ownership, so it carries no direct voting stake in any offer","Matched 2,208,720-share reduce/re-increase at an identical 9.47 GBP suggests a swap rollover rather than a genuine change in exposure"],"eventType":"regulatory","narrative":"Millennium International Management LP filed a Rule 8.3 Takeover Code disclosure showing a cash-settled derivative position of 33,604,639 SEGRO plc shares, equal to 2.482% of relevant securities, as of 8 September 2026.\n\nThe filing details active equity swap dealing with prices between 9.42 and 9.48 GBP, including the largest single trade of 2,208,720 reference shares at 9.47 GBP, with both long-increasing and long-reducing moves during the day.\n\nThe form confirms Millennium is also making disclosures in respect of Prologis, Inc., consistent with an active offer situation involving both companies; no irrevocable commitments, indemnity arrangements, or derivative voting agreements were disclosed.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Hedge fund running a 2.5% swap book in SEGRO during an offer period — monitor subsequent Rule 8.3 filings and any Prologis bid confirmation rather than this disclosure itself."},"keyFigures":{"customDimensions":{"position_date":"8 September 2026","disclosure_date":"9 September 2026","trade_price_range_gbp":"9.42-9.48 GBP","largest_trade_price_gbp":"9.47 GBP","largest_trade_reference_shares":2208720,"percent_of_relevant_securities":"2.482%","cash_settled_derivative_position_shares":33604639}},"namedEntities":{"people":[{"name":"Stephen Glasper","role":"disclosure contact for Millennium"}],"products":[],"companies":[{"name":"Millennium International Management LP","relationship":"discloser / position holder (hedge fund)"},{"name":"SEGRO plc","ticker":"SGRO","relationship":"subject company of the disclosure (offeror/offeree)"},{"name":"Prologis, Inc.","ticker":"PLD","relationship":"other party to the offer — Millennium also filing disclosures in respect of it"},{"name":"Millennium Partners, L.P.","relationship":"named release source"}],"dollarAmounts":[{"amount":"9.47 GBP","context":"price per unit on the largest equity swap trades (2,208,720 and 929,693 reference shares)"},{"amount":"9.48 GBP","context":"highest price per unit recorded in the dealing disclosures"},{"amount":"9.42 GBP","context":"lowest price per unit recorded in the dealing disclosures"}]},"materialImpact":{"score":2,"reasoning":"Routine Rule 8.3 Takeover Code position disclosure by a third-party hedge fund; it confirms an offer-period context involving SEGRO and Prologis but adds no new deal terms, stake thresholds, or fundamental information about the filer."},"tickerRelevance":{"others":[{"ticker":"PLD","relevance":"other party to the offer — Millennium is separately making Rule 8.3 disclosures in respect of Prologis"}],"primary":"SGRO"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"FTSE-100 REIT (mid/large-cap, non-US listed)","eventGravity":"routine third-party position disclosure, no new deal information","sectorWeight":"real estate / logistics REIT with active M&A backdrop","issuerAuthored":false,"takeoverContext":true}},"event_type":"regulatory","event_type_secondary":["m_and_a"],"sentiment":"neutral","material_impact_score":2,"narrative":"Millennium International Management LP filed a Rule 8.3 Takeover Code disclosure showing a cash-settled derivative position of 33,604,639 SEGRO plc shares, equal to 2.482% of relevant securities, as of 8 September 2026.\n\nThe filing details active equity swap dealing with prices between 9.42 and 9.48 GBP, including the largest single trade of 2,208,720 reference shares at 9.47 GBP, with both long-increasing and long-reducing moves during the day.\n\nThe form confirms Millennium is also making disclosures in respect of Prologis, Inc., consistent with an active offer situation involving both companies; no irrevocable commitments, indemnity arrangements, or derivative voting agreements were disclosed.","key_figures":{"customDimensions":{"position_date":"8 September 2026","disclosure_date":"9 September 2026","trade_price_range_gbp":"9.42-9.48 GBP","largest_trade_price_gbp":"9.47 GBP","largest_trade_reference_shares":2208720,"percent_of_relevant_securities":"2.482%","cash_settled_derivative_position_shares":33604639}},"named_entities":{"people":[{"name":"Stephen Glasper","role":"disclosure contact for Millennium"}],"products":[],"companies":[{"name":"Millennium International Management LP","relationship":"discloser / position holder (hedge fund)"},{"name":"SEGRO plc","ticker":"SGRO","relationship":"subject company of the disclosure (offeror/offeree)"},{"name":"Prologis, Inc.","ticker":"PLD","relationship":"other party to the offer — Millennium also filing disclosures in respect of it"},{"name":"Millennium Partners, L.P.","relationship":"named release source"}],"dollarAmounts":[{"amount":"9.47 GBP","context":"price per unit on the largest equity swap trades (2,208,720 and 929,693 reference shares)"},{"amount":"9.48 GBP","context":"highest price per unit recorded in the dealing disclosures"},{"amount":"9.42 GBP","context":"lowest price per unit recorded in the dealing disclosures"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-09T14:26:31.524Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"FTSE-100 REIT (mid/large-cap, non-US listed)","eventGravity":"routine third-party position disclosure, no new deal information","sectorWeight":"real estate / logistics REIT with active M&A backdrop","issuerAuthored":false,"takeoverContext":true}},"durationMs":63484,"modelName":"glm-5.3-flash"}}