Business
Proposed Placing and Offer for Subscription
Proposed Placing and Offer for Subscription.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 5206S Supermarket Income REIT PLC 12 March 2019 \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH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.\n12 March 2019\nSUPERMARKET INCOME REIT PLC \n(the \"Company\") \nProposed Issue of Ordinary Shares\nThe Board of Supermarket Income REIT plc is pleased to announce its intention to raise approximately £25 million by way of a Placing and Offer for Subscription pursuant to the Share Issuance Programme, at 101 pence per New Ordinary Share (the \"Issue\"). \nHighlights:\n· Issue of approximately 24,752,475 New Ordinary Shares at 101 pence per New Ordinary Share (the \"Issue Price\") by way of a Placing and Offer for Subscription pursuant to the Share Issuance Programme\n· The Company and the Investment Adviser are currently seeing multiple attractive opportunities in the market:\no they have identified two near-term Target Assets which are currently in advanced due diligence\no the Investment Adviser has also started due diligence on a further three investment opportunities which it believes will meet the Company's stringent acquisition criteria and could be acquired in a relatively short time frame (the \"Pipeline\")\no together the Target Assets and the Pipeline present multiple near-term investment opportunities, allowing for significant price discovery and pricing discipline as well as providing optionality if a...