Business
Proposed Issue of Ordinary Shares and Notice of GM
Proposed Issue of Ordinary Shares and Notice of GM.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 0058M Supermarket Income REIT PLC 25 April 2018 \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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.\n25 April 2018\nSUPERMARKET INCOME REIT PLC \n(the \"Company\") \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 up to £65 million through the issue of up to 64,356,435 New Ordinary Shares by way of the Placing and Offer for Subscription, at 101 pence per New Ordinary Share.\nHighlights:\n· Issue of up to 64,356,435 New Ordinary Shares at 101 pence per New Ordinary Share by way of the Placing and Offer for Subscription\n· The Initial Issue Price represents a discount to the closing offer price of 102 pence per existing Ordinary Share on 24 April 2018 (being the last business day prior to this Announcement) and a premium to the Company's last reported NAV per Ordinary Share as at 31 March 2018 of 96.0 pence\n· The Company has identified three acquisition opportunities, with one asset currently under exclusivity and another two assets in advanced due diligence\n· The £65 million target issue size should enable the Company to purchase two of the Target Assets for an aggregate price (excluding acquisition costs) of approximately £104 milllion\nThe Company has prepared a ...