Business
Increase in Initial Issue Size
Increase in Initial Issue Size.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1631B\n Supermarket Income REIT PLC\n 06 October 2020\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n \n \n \n \n This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 6\n \n October 2020\n \n \n \n SUPERMARKET INCOME REIT PLC \n \n \n (the \"Company\", together with its subsidiaries the \"Group\") \n \n \n Increase in Initial Issue Size\n \n \n Since the Company's announcement on 17 September 2020, the Board of Supermarket Income REIT plc has carefully considered the appropriate size of the Initial Issue and decided to increase the target from approximately £150 million to up to £200 million. \n \n \n The Board has based this on:\n \n \n · \n a strong level of support from investors;\n \n \n · \n its confidence in executing on the Pipeline; and\n \n \n · \n an increase in further appropriate investment opportunities since the marketing roadshow began.\n \n \n The Initial Issue is being conducted in \n accordance with the terms and conditions contained in the Prospectus published by the Company on 17 September 2020 following its approval by the Financial Conduct Authority.\n \n \n The timetable pursuant to the Initial Issue remains unchanged except the latest time for the receipt of commitments under the Placing is now 4.00 p.m., on 6 October 2020. The results of the Initial Issue will be announced on 7 October\n 2020\n . \n \n \n The New Ordinary Shares will be issued and credited as ful...