Business
Increase in Issue size
Increase in Issue size.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4724T Supermarket Income REIT PLC 20 March 2019 \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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 \nThis 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 \n20 March 2019\nSUPERMARKET INCOME REIT PLC \n(the \"Company\") \nIncrease in Issue Size\nFurther to the Company's announcement on 12 March 2019, the Board of Supermarket Income REIT plc has carefully considered the strong level of support from investors during the marketing roadshow and decided to increase the target size of the Issue to an amount in excess of £40 million. The proceeds of the Issue will be used to acquire two supermarket assets from either the originally identified £260 million pipeline of five assets or from a growing number of further opportunities which the Investment Adviser has identified, with the balance to be funded through debt financing. \nThe Issue is being conducted in accordance with the terms and conditions in the Prospectus consisting of a Registration Document published on 25 April 2018 and a Summary Document and Securities Note (which updates the Registration Document), which were published on 12 March 2019 following their approval by the UK Listing Authority. \nThe timetable pursuant to the Issue remains unchanged with the latest time and date for receipt of application forms under the Offer for Subscription and commitments under the Placing being 11.00 a.m. on 21 March 2019 and the result of the Issue is expected to be announced on 22 March 2019...