REG - Supermarket Inc REIT - Appointment of Non-Executive Director

Supermarket Income REITAnnouncement

06/02/2020 07:02

RNS Number : 1201C
Supermarket Income REIT PLC
06 February 2020
 


SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537  
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
The Board of Directors of Supermarket Income REIT plc (LSE: SUPR) the real estate investment trust providing investors with exposure to secure, inflation-protected, long income supermarket properties in the UK is pleased to announce the appointment of Cathryn Vanderspar as a non-executive director of the Company with immediate effect.
Cathryn has more than 20 years' experience as a real estate lawyer and is Head of Real Estate Tax at Travers Smith LLP. Cathryn specialises in direct and indirect real estate with experience in unauthorised, authorised and listed funds, across all types of vehicle and asset classes, including real estate, debt and private equity. Cathryn is an active member of the HMRC and HMT working groups and is the author of the tax chapter on REITs in Tolleys Taxation of Collective Investment.
Nick Hewson, non-executive Chairman of Supermarket Income REIT, commented:
"I am delighted to welcome Cathryn to the Board as a non-executive director.  Her significant real estate and funds experience 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, please contact:
 
Atrato Capital Limited (Investment Adviser)                                              +44 (0)20 3790 8087
Ben Green
Steve Windsor
Steve Noble
 
Stifel Nicolaus Europe Limited                                                                      +44 (0)20 7710 7600
Mark Young
Matthew Blawat
 
Tavistock (Financial PR)                                                                                   +44 (0)20 7920 3150
Jeremy Carey
James Whitmore
 
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in supermarket properties that form a key part of the future omnichannel model of grocery and let to leading UK supermarket operators.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targeting a 7% to 10% p.a total shareholder return over the medium term. The Company has increased its dividend target for the year ending 30 September 2020 in line with UK RPI inflation to 5.80 pence per share, payable in quarterly instalments.
The Company's ordinary shares were admitted to trading on the Main Market of the London Stock Exchange, Specialist Fund Segment, on 21 July 2017.
Atrato Capital is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
 
 
 




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