REG - Supermarket Inc REIT - Potential migration of listing to Premium Segment

Supermarket Income REITAnnouncement

20/01/2022 07:05

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RNS Number : 0220Z  Supermarket Income REIT PLC  20 January 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN,
INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION.

 

 

20 January 2022

 

SUPERMARKET INCOME REIT PLC

 

(the "Company" or together with its subsidiaries the "Group")

 

Potential migration of listing to the Premium Segment

 

Supermarket Income REIT plc (LSE: SUPR) was admitted to trading on the
Specialist Fund Segment of the London Stock Exchange on 21 July 2017 as the
UK's first REIT dedicated to investing in grocery properties which are an
essential part of the UK's feed the nation infrastructure. The Company's
market capitalisation has grown significantly since IPO from £100 million to
c.£1.2 billion, as at 19 January 2022, whilst delivering investors a stable
and growing income return.

The Directors believe that a migration of listing to the premium segment of
the Official List of the Financial Conduct Authority ("FCA") and to the London
Stock Exchange's ("LSE") Main Market for listed securities is in the best
interests of the Company and its shareholders, such that its shares may become
eligible for inclusion in the FTSE UK and the FTSE EPRA NAREIT Index Series.
Any migration would be subject to the Company meeting the relevant eligibility
criteria and approval from the FCA.

The Company has submitted an application to the FCA for a migration of listing
and will provide an update in due course.  In the interim, the Investment
Adviser remains focused on executing on a number of transactions that meet the
Company's investment criteria, building on its strong track record of
deploying capital into additional key omnichannel properties let to the UK's
largest supermarket operators.

 

For further information, please contact:

 Atrato Capital Limited                                                                           +44 (0)20 3790 8087
 Steve Noble / Rob Abraham /  Kate Heseltine                                                      ir@atratocapital.com (mailto:ir@atratocapital.com)

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

 FTI Consulting                                                                                   +44 (0)20 3727 1000

 Dido Laurimore / Eve Kirmatzis / Andrew Davis                                                    SupermarketIncomeREIT@fticonsulting.com
                                                                                                  (mailto:SupermarketIncomeREIT@fticonsulting.com)

 

 

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 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 target in
line with UK inflation each year.

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 Limited is the Company's Investment Adviser.

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