HedgeCo.Net — SEGRO plc published the scheme document on September 1 for the recommended share offer with a partial cash alternative from Prologis, Inc., to be effected by a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The boards had announced agreement on terms on August 4. Investegate’s RNS carried the publication, the unanimous board recommendation, Court Meeting and General Meeting notices for 28 September 2026 (11:00 a.m. and 11:15 a.m. London time at UBS, 5 Broadgate), and an expected Effective Date in the first half of 2027 subject to Conditions. Kalkine Media independently printed the same September 1 scheme-document release, the same 28 September meeting timetable, and the same H1 2027 effectiveness framing.
SEGRO directors who hold shares irrevocably undertook to vote in favour in respect of 3,331,443 SEGRO shares, about 0.245% of issued share capital as at 28 August 2026. Evercore and Morgan Stanley advised the SEGRO board that the financial terms are fair and reasonable for Rule 3 purposes. The Combination remains conditional on the requisite majorities at the Court Meeting and General Meeting, Court sanction, and other Conditions in the scheme document. Proxy deadlines fall on 24 September 2026. The Long Stop Date is 4 August 2027, extendable to 4 April 2028 under the co-operation agreement in stated circumstances.
This is a scheme-document milestone on a previously announced recommended offer, not a completed acquisition. Mark the September 1 publication, 28 September shareholder meetings, H1 2027 expected effectiveness, 0.245% director irrevocables, and the August 4 agreed-terms origin as the hard tape. Do not invent a refreshed headline equity value from the scheme RNS alone, a regulatory clearance already granted, or a locked cash-election take-up rate. The allocator object is a landmark logistics REIT combination moving from agreed terms into the formal UK takeover voting window.