Business
Result of placing
Result of placing.
About this update from Supermarket Income Reit Plc
[{"type":"text","content":"\n \nRNS Number : 5032W Supermarket Income REIT PLC 15 November 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER 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 COMPANY IN THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, 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.\n15 November 2017\nSupermarket Income REIT plc \n(the \"Company\") \nLEI: 2138007FOINJKAM7L537\nRESULT OF PLACING\nThe Board of Directors of Supermarket Income REIT plc is pleased to announce that it has raised gross proceeds of £20 million (the \"Placing\") to fund the proposed acquisition of an additional supermarket asset, pursuant to the terms and conditions set out in the Company's announcement on 26 October 2017.\n \nThe Company has received applications from investors exceeding the maximum gross proceeds. As applications for Placing Shares have exceeded the maximum gross proceeds, a scaling back exercise has taken place. Accordingly, the Board has resolved to accept applications in respect of 19,999,999 new ordinary shares of (\"Placing Shares\") at 100.0 pence per Placing Share, raising gross proceeds of £20 million.\n \nApplication has been made for all of the Placing Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market for listed securities (\"Admission\"). It is expected that Admission will take effect, and dealings in the Placing Shares will commence at 8.00 a.m. (London time) on 17 November 2017.\n \nThe Placing Shares will, when issued, be credited as fully paid and will rank pari passu with the existing ordinary shares, including the right to receive all future dividends and distributions declared, made or paid after the date of issue. \n \nImmediately following Admission, the Company wi...