Business
Proposed Issue of Ordinary Shares
Proposed Issue of Ordinary Shares.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 0451M Supermarket Income REIT PLC 12 September 2019 \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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 \n12 September 2019\nSUPERMARKET INCOME REIT PLC \n(the \"Company\", together with its subsidiaries the \"Group\") \nProposed Issue of Ordinary Shares\nand\nNotice of General Meeting\nThe Board of Supermarket Income REIT plc is pleased to announce its intention to raise approximately £50 million by way of a Placing and Offer for Subscription at 102 pence per New Ordinary Share (the \"Initial Issue\").\nHighlights:\n· The Issue Price represents a discount of 5.1 per cent. to the closing price of 107.5 pence per existing Ordinary Share on 11 September 2019 (being the last business day prior to this Announcement) and a premium to the Company's last reported NAV per Ordinary Share as at 30 June 2019 of 97 pence\n· The Company has identified three near-term acquisition opportunities, with one asset currently under exclusivity and another two assets in advanced due diligence\nThe Initial Issue will be conducted in accordance with the terms and conditions to be contained in the Prospectus, which is expected to be published shortly following its approval by the Financial Conduct Authority. \nBoth the Initial Issue and Placing Programme are subject to the approval of Shareholders in a General Meeting, further details of wh...