Segro PLC (SGRO.LN), a commercial property investment and development company, said Monday current trading and market conditions are in line with expectations at the time of interim management statement issued Nov. 5, and Ines Reinmann, Managing Director, Continental Europe has resigned from the Board with immediate effect.

MAIN FACTS:

-Strategy for the business is unchanged--board continues to seek out opportunities to capitalize on the current economic environment both in the U.K. and Continental Europe.

-Ian Coull, Chief Executive of Segro will take direct responsibility for Continental Europe, in the short term, until a permanent replacement is appointed.

-Andrew Gulliford, Segro's Business Development Director will support Coull in running the Continental European operations.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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