Business
Increase in Pipeline and Initial Issue Size
Increase in Pipeline and Initial Issue Size.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5250P\n Supermarket Income REIT PLC\n 19 October 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION.\n \n \n \n \n \n This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 19 October 2021\n \n \n SUPERMARKET INCOME REIT PLC \n \n \n (the \"Company\" or together with its subsidiaries the \"Group\")\n \n \n Increase in Pipeline and Initial Issue Size\n \n \n Further to the Company's announcement on 30 September 2021, the Board of Supermarket Income REIT plc has carefully considered the size of the Initial Issue based on both the strong level of support received from potential investors during the marketing roadshow and the Investment Adviser's confidence in acquiring the Target Assets and assets in the Pipeline. Given the increase in the availability of attractive investment opportunities and the additional Target Asset moving from advanced due diligence to under exclusivity since the marketing roadshow began, the Board has decided to increase the target size of the Initial Issue from approximately £100 million up to a maximum of £200 million. \n \n \n \n \n \n The Initial Issue is being conducted in accordance with the terms and conditions contained in the Prospectus published by the Company on 1 October 2021 following its approval by the Financial Conduct Authority. \n \n \n \n \n \n The timetable pursuant to the Initial Issue remains unchanged, except that the latest time and date for the receipt of commitments under the Placing is now \n 1 \n p.m. on 19 October 2021. The results of the Initial Issue are expected to be announced on 20\n October 2021\n .\n \n \n \n \n \n The New Ordinary Sha...