REG - Supermarket Inc REIT - Appointment of Executive Directors

Supermarket Income REITAnnouncement

26/03/2025 07:15

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RNS Number : 1350C  Supermarket Income REIT PLC  26 March 2025

26 March 2025

 

SUPERMARKET INCOME REIT PLC 

(the "Company") 

 

COMPLETION OF INTERNALISATION & APPOINTMENT OF EXECUTIVE DIRECTORs

  

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust
with secure, inflation-linked, long-dated income from grocery property
announces that, following shareholder approval on 20 March 2025, it has
successfully completed the internalisation of the Company's management
function, in line with expectations. Accordingly, Rob Abraham and Mike Perkins
have been appointed as Chief Executive Officer and Chief Financial Officer
respectively, with both joining the Board with immediate effect.

Nick Hewson, Chair of Supermarket Income REIT, commented:

"I am pleased to welcome Rob and Mike to the Board, following the completion
of the internalisation of the Company's management function. This represents a
significant milestone for the Company, as we continue to make progress on our
key strategic initiatives, which are designed to enhance earnings and continue
to reduce the discount to NAV.

Rob and Mike have played an integral role in the business to date, and their
deep understanding of SUPR's strategy and operations will ensure a smooth
transition and continued delivery of value for our shareholders."

There are no other details that are required to be disclosed in respect of
Rule UKLR 6.4.8R of the Financial Conduct Authority's UK Listing Rules.

 

 FOR FURTHER INFORMATION
 Supermarket Income REIT                                                                                                  via FTI Consulting
 plc
 Rob Abraham / Mike Perkins / Chris McMahon
                                                                                                                           

 Stifel Nicolaus Europe Limited                                                                                           +44 (0)20 7710 7600
 Mark Young / Rajpal Padam / Madison Kominski

 Goldman Sachs International                                                                                              +44 (0)20 7774 1000

 Tom Hartley / Luca Vincenzini

 FTI                                                                                                                      +44 (0)20 3727 1000
 Consulting
 Dido Laurimore / Eve Kirmatzis / Andrew Davis                                                                            SupermarketIncomeREIT@fticonsulting.com

 

NOTES TO EDITORS:

 

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

 

The Company's assets earn long-dated, secure, inflation-linked, growing
income. The Company targets a progressive dividend and the potential for
capital appreciation over the longer term.

 

The Company is listed on the Closed-ended investment funds category of the
FCA's Official List and its Ordinary Shares are traded on the LSE's Main
Market. The Company also has a secondary listing on the Main Board of the JSE
Limited in South Africa.

 

Further information is available on the Company's
website www.supermarketincomereit.com (http://www.supermarketincomereit.com/)
 

 

Stifel Nicolaus Europe Limited, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting exclusively for
Supermarket Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Stifel Nicolaus Europe
Limited nor for providing advice in connection with the matters referred to in
this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the United Kingdom, is acting exclusively for
Supermarket Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Goldman Sachs International
nor for providing advice in connection with the matters referred to in this
announcement.

 

 

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