REG - Supermarket Inc REIT - Appointment of non-executive director

Supermarket Income REITAnnouncement

16/01/2025 07:00

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RNS Number : 4842T  Supermarket Income REIT PLC  16 January 2025

16 January 2025

 

SUPERMARKET INCOME REIT PLC 

(the "Company") 

 

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

  

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust
with secure, inflation-linked, long-dated income from grocery property, is
pleased to announce that it has appointed Roger Blundell as an independent
non-executive director of the Company with immediate effect.

Roger will also serve as a member of the Company's Audit & Risk Committee,
Remuneration Committee and Management Engagement Committee and will succeed
Jon Austen as Chair of the Audit and Risk Committee, who will stand down from
the Board at  the Company's next Annual General Meeting, which is expected to
take place in November 2025.

Roger is a qualified Chartered Accountant with over 30 years of experience
across a range of sectors including real estate and retail. He formerly served
as CFO of Grosvenor Property UK and Kensington Group plc, with responsibility
for financing strategy, corporate and investment transactions, mergers and
acquisitions, and capital raising. He is currently the Audit Chair of the
National Portrait Gallery and holds other non-executive positions with Jersey
Electricity plc, University College London, and the Government Property Agency
where he chairs the Investment Committee.

Nick Hewson, Chair of Supermarket Income REIT, commented:

"On behalf of the Board, we are pleased to welcome Roger as an independent
non-executive director of the Company. Roger's appointment is made in line
with the Board's succession plan, as detailed in the 2024 Annual Report. We
believe that Roger's knowledge, skills and experience are complementary to
those of the existing Directors and that, following an orderly handover, he
will be an excellent replacement for Jon in the Audit and Risk Committee Chair
role."

At the date of appointment, Roger holds no shares in the Company.

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

 

 FOR FURTHER INFORMATION                                                                                                  

 Atrato Capital                                                                                                          +44 (0)20 3790 8087 
 Limited                                    
 Rob Abraham / Mike Perkins / Chris McMahon                                                                              ir@atratocapital.com (mailto:ir@atratocapital.com)   

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

Atrato Capital Limited is the Company's Investment Adviser. 

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

LEI: 2138007FOINJKAM7L537 

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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