Business
Proposed issue of ordinary shares
Proposed issue of ordinary shares.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \n \n RNS Number : 2894J\n Supermarket Income REIT PLC\n 09 April 2020\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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 9 April 2020\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 Ordinary Shares\n \n \n The Board of Supermarket Income REIT plc, \n the real estate investment trust providing secure, inflation-protected, long income from grocery propert\n y in the UK \n announces its intention to raise approximately £\n 75\n million by way of an issue pursuant to the Placing Programme, at 103 pence per New Ordinary Share (the \"Issue\"). \n \n \n Highlights\n \n \n · \n The issue price of 103 pence per share (the \"Issue Price\") represents a discount of \n 5.7 \n per cent. to the closing price of \n 109.25\n pence per existing Ordinary Share on \n 8 April 2020\n (being the last business day prior to this Announcement) and a \n 6.2 \n per cent. premium to the Company's last reported NAV per Ordinary Share as at \n 31 December 2019 \n of \n 97 \n pence\n \n \n · \n The New Ordinary Shares will qualify for the third quarterly dividend of 1.46 pence relating to the period from 1 January 2020 to 31 March 2020, which was declared on 8 April 2020 and is due to be paid on 22 May 2020 (record date: 1 May 2020). This constitutes an annualised divid...