Business
Proposed Issue of New Ordinary Shares
Proposed Issue of New Ordinary Shares.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5555H\n Supermarket Income REIT PLC\n 07 April 2022\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA 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, THE REPUBLIC OF SOUTH AFRICA 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 7 April 2022\n \n \n SUPERMARKET INCOME REIT PLC \n \n \n (the \"Company\" or together with its subsidiaries the \"Group\") \n \n \n Proposed Issue of New Ordinary Shares\n \n \n The board of directors (the \"Board\" or the \"Directors\") of Supermarket Income REIT plc, \n the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, \n announces its intention to raise approximately £175 million by way of a placing pursuant to the Placing Programme, at an issue price of 121 pence per New Ordinary Share (the \"Issue\").\n \n \n \n \n \n \n \n \n Highlights\n \n \n ·\n The issue price of 121 pence per New Ordinary Share (the \"Issue Price\") represents a discount of 4.3 percent to the closing price of 126.5 pence per existing Ordinary Share of £0.01 each in the \n capital of the Company (the \"Ordinary Shares\") \n on 6 April 2022 (being the last business day prior to this Announcement) and a 7.1 percent premium to the Company's last reported EPRA NTA per Ordinary Share of 113 pence as at 31 December 2021\n \n \n ·\n Secure, inflation-protected, long income grocery property portfolio with capital appreciation potential and 85 percent of current portfolio rental income directly linked to inflation\n \n \n · \n Following the Company's successful migration of its listing to the premium segment on 23 February 2022, the ...