APPOINTMENT OF NON-EXECUTIVE DIRECTOR

RNS Number : 0189M

Supermarket Income REIT PLC

18 May 2022

 

SUPERMARKET INCOME REIT PLC  

(the "Company") 

LEI: 2138007FOINJKAM7L537 
 

appointment of non-executive director

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, announces the appointment of Frances Davies as a non-executive director of the Company with effect from 1 June 2022.

Frances has over 30 years' experience across corporate finance and asset management. Since 2007, Frances has been a Partner at Opus Corporate Finance, and has previously held directorships at SG Warburg, Morgan Grenfell Asset Management, Gartmore and Dalton Strategic Partnership. Frances currently holds Board positions for HICL Infrastructure plc, JPMorgan UK Smaller Companies plc, Aegon UK plc and Federated Hermes' Property Unit Trust. She also sits on Aviva's With-Profits Committee.

Nick Hewson, Chairman of Supermarket Income REIT, commented:

"Frances is an excellent addition to the Board as a non-executive director.  Her depth of experience in corporate finance, asset management and across a number of relevant board roles will be invaluable to the Company and we look forward to working with her."

In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR 9.6.13R.

FOR FURTHER INFORMATION
Atrato Capital Limited	[phone]
Steven 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 TO EDITORS:  

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 67 supermarkets ⁽¹⁾ are let to leading UK supermarket operators, diversified by both tenant and geography. 

The Company provides investors with secure, inflation-protected, long 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 target in line with inflation each year. 

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.  41 directly owned supermarkets, plus 26 via joint venture  

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

 

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