Business
Appointment of Executive Directors
Appointment of Executive Directors.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n\n26 March 2025\n \nSUPERMARKET INCOME REIT PLC \n(the \"Company\") \n \nCOMPLETION OF INTERNALISATION & APPOINTMENT OF EXECUTIVE DIRECTORs\n \nSupermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property announces that, following shareholder approval on 20 March 2025, it has successfully completed the internalisation of the Company's management function, in line with expectations. Accordingly, Rob Abraham and Mike Perkins have been appointed as Chief Executive Officer and Chief Financial Officer respectively, with both joining the Board with immediate effect.\nNick Hewson, Chair of Supermarket Income REIT, commented:\n\"I am pleased to welcome Rob and Mike to the Board, following the completion of the internalisation of the Company's management function. This represents a significant milestone for the Company, as we continue to make progress on our key strategic initiatives, which are designed to enhance earnings and continue to reduce the discount to NAV. \nRob and Mike have played an integral role in the business to date, and their deep understanding of SUPR's strategy and operations will ensure a smooth transition and continued delivery of value for our shareholders.\"\nThere are no other details that are required to be disclosed in respect of Rule UKLR 6.4.8R of the Financial Conduct Authority's UK Listing Rules.\n \n\n\n\n\nFOR FURTHER INFORMATION \n\n\n \n\n\n\n\nSupermarket Income REIT plc \n\n\nvia FTI Consulting \n\n\n\n\nRob Abraham / Mike Perkins / Chris McMahon \n\n\n\n\n\n\n\n \nStifel Nicolaus Europe Limited \n\n\n \n+44 (0)20 7710 7600 \n\n\n\n\nMark Young / Rajpal Padam / Madison Kominski \n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\nGoldman Sachs International \nTom Hartley / Luca Vincenzini\n\n\n+44 (...