Business
Proposed Initial Issue of New Ordinary Shares
Proposed Initial Issue of New Ordinary Shares.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4669N\n Supermarket Income REIT PLC\n 30 September 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 30 September 2021\n \n \n \n \n \n SUPERMARKET INCOME REIT PLC\n \n \n \n \n \n (the \"Company\" or together with its subsidiaries the \"Group\")\n \n \n \n \n \n Proposed Initial Issue of New Ordinary Shares and Notice of General Meeting\n \n \n \n \n \n The Board of Directors of Supermarket Income REIT plc (the \"Board\" or \"Directors\"), \n the real estate investment trust providing secure, inflation-linked, long income from grocery propert\n y in the UK, announces its intention to raise approximately £100 million by way of a placing (the \"Placing\") and an offer for subscription (the \"Offer for Subscription\", together with the Placing the \"Initial Issue\") at an issue price of 115 pence per New Ordinary Share. \n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n The issue price of \n 115\n pence per share (the \"Issue Price\") represents a discount of \n 4.2 \n percent to the closing price of \n 120\n pence per existing ordinary share of £0.01 each in the capital of the Company (the \"Ordinary Shares\") on \n 29 September 2021\n (being the last business day prior to this Announcement) and a \n 6.5 \n percent premium to the Company's last reported EPRA NTA per Ordinary Share as at \n 30 June 2021 \n of \n 108 \n pence\n \n \n \n \n \n · \n The Net Issue Proceeds will be used to make additional investments in accordance with the Company's investment criteria, further diversifying the...