Additional Admission

RNS Number : 2112W

Supermarket Income REIT PLC

16 August 2022

 

16 August 2022

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

AddiTIOnal admission

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces that it has made an application for 1,898,161 New Ordinary Shares to be admitted to the Premium Segment of the Official List of the Financial Conduct Authority ("FCA") and to trading on the Premium Segment of London Stock Exchange plc's Main Market for listed securities. It is expected that these New Ordinary Shares will be admitted to trading on or around 22 August 2022.

The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 April 2022 to 30 June 2022. Elections for a scrip dividend were received in respect of 13.3% of the Ordinary Shares in issue as at the record date of 15 July 2022. When issued, these New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,241,766,581 Ordinary Shares of 0.01 each. With effect from 22 August 2022, the total number of issued shares with voting rights will be 1,241,766,581.

The above figure of 1,241,766,581 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, Supermarket Income REIT plc under the FCA's Disclosure Guidance and Transparency Rules.

Further information regarding the scrip dividend alternative offered in respect of the Interim Dividend and the Scrip Dividend Scheme can be found in the Scrip Dividend Circular (the "Scrip Circular") available on the Company's website to view and/or download at  www.supermarketincomereit.com/dividend-information . The Scrip Circular is also available on the National Storage Mechanism website https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism . Capitalised words and expressions not otherwise defined in this announcement shall have the meaning given in the Scrip Circular.

For further information, please contact:
Atrato Capital Limited	[phone]
Steve Noble / Rob Abraham / Carcie Rogers	[e-mail]
Stifel Nicolaus Europe Limited	[phone]
Mark Young / Matt Blawat / Rajpal Padam
FTI Consulting	[phone]
Dido Laurimore / Eve Kirmatzis / Andrew Davis	[e-mail]

Notes:

Supermarket Income REIT plc  (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 69 supermarkets⁽¹⁾ are let to leading UK supermarket operators, diversified by both tenant and geography. 

The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term⁽²⁾. The Company has increased its dividend every year since IPO.  

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares are traded on the Main Market of the London Stock Exchange, having listed initially on the Specialist Fund Segment of the Main Market on 21 July 2017.

Atrato Capital Limited is the Company's Investment Adviser. 

Further information is available on the Company's website  www.supermarketincomereit.com  

1.  43 directly owned supermarkets, plus 26 via joint venture. Please note that it was announced in January 2022 that Sainsbury's exercised its options to acquire a total of 21 of the 26 stores within the joint venture portfolio. The Sainsbury's acquisition of the stores will be completed in two tranches: 13 in March 2023 and 8 in July 2023. Further information is available on the company's website.  

2.  There is no certainty that these illustrative projections will be achieved  

 

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