Supermarket Inc REIT - Grant of LTIP and PDMR Shareholding
16 October 2026
SUPERMARKET INCOME REIT PLC
(the "Company")
Grant of 2026 LTIP awards
Notification and public disclosure of transactions by PDMRs
Supermarket Income REIT plc (LSE: SUPR), announces that it has granted awards in the form of nominal cost options ("Awards") over ordinary shares of the Company of £0.01 each ("Shares") pursuant to its Long Term Incentive Plan (the "LTIP"), on 14 October 2026 to the Executive Directors in the following table. Awards take the form of Performance Share Awards ("PSAs") and Deferred Share Bonus Awards ("DSBAs"), as set out below.
Director
Type of Award
Number of Shares under
Award
Rob Abraham
PSA
1,197,530
Mike Perkins
PSA
876,543
Rob Abraham
DSBA
249,480
Mike Perkins
DSBA
182,952
PSAs
The exercise price for each PSA is £0.01 per Share, being the nominal cost of a Share. Vesting of the PSAs is subject to continued service and satisfaction of performance conditions relating to the following metrics:
(i) Relative Total Shareholder Return ("TSR") measured against the constituents of the FTSE 350 Real Estate sector excluding agencies (50% weighting). 25% of this part of an award will vest for median TSR, increasing pro-rata to 100% of this part of an award vesting for upper quartile TSR as measured from 1 July 2026 to the date of publication of results for the 2029 financial year;
(ii) EPRA earnings per share ("EPS") performance for the 2029 financial year (25% weighting). 25% of this part of an award will vest for the 2029 financial year EPS of 6.37p increasing pro-rata to 100% of this part of an award vesting for the 2029 financial year EPS of 7.05p; and
(iii) Total accounting return ("TAR") during the 2027, 2028 and 2029 financial years (25% weighting). 25% of this part of an award will vest for TAR of 5% p.a. increasing pro-rata to 100% of this part of an award vesting for TAR of 10% p.a..
In addition to the performance conditions outlined above, the Remuneration Committee will retain discretion to adjust any formulaic outcome for the PSAs if it considers it necessary to take account of its broader assessment of Company or executive performance and the stakeholder experience more generally over the vesting period.
The vesting date of the PSAs will be the date of publication of results for the 2029 financial year.
A holding period of two years from the date of vesting applies to the PSAs granted to the Executive Directors (and any Shares resulting from the PSAs).
DSBAs
The exercise price for each DSBA is £0.01 per Share, being the nominal cost of a Share. The DSBAs relate to the deferral of 50% of the annual bonus for the 2026 financial year, which would otherwise be paid in cash, into options over Shares with a future vesting date conditional upon continued employment.
The vesting date of the DSBAs will be the second anniversary of the grant date.
Notifications made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
The following notifications are made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities/persons
closely associated
a)
Name
Rob Abraham
2
Reason for notification
a)
Position/Status
Chief Executive Officer
b)
Initial
notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Supermarket Income REIT plc
b)
LEI
2138007FOINJKAM7L537
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial
instrument, type of instrument and identification code
Ordinary Shares of £0.01 each ISIN: GB00BF345X11
b)
Nature of transaction
Grant of nominal cost options over Shares under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
(1) PSA
Nil
1,197,530
(2) DSBA
Nil
249,480
d)
Aggregated Information
- Volume
- Price
1,447,010
Nil
e)
Date of transaction
14 October 2026
f)
Place of transaction
Outside of a trading venue
1
Details of the person discharging managerial responsibilities/persons
closely associated
a)
Name
Mike Perkins
2
Reason for notification
a)
Position/Status
Chief Financial Officer
b)
Initial
notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Supermarket Income REIT plc
b)
LEI
2138007FOINJKAM7L537
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial
instrument, type of instrument and identification code
Ordinary Shares of £0.01 each ISIN: GB00BF345X11
b)
Nature of transaction
Grant of nominal cost options over Shares under the Company's Long Term Incentive Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
(1) PSA
Nil
876,543
(2) DSBA
Nil
182,952
d)
Aggregated Information
- Volume
- Price
1,059,495
Nil
e)
Date of transaction
14 October 2026
f)
Place of transaction
Outside of a trading venue
FOR FURTHER INFORMATION
Supermarket Income REIT plc
Rob Abraham / Mike Perkins / Chris McMahon
Headland Consultancy
+44 (0)20 3805 4885
Susanna Voyle / Jack Gault / Dan Mahoney
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe. The portfolio was valued at £2.0 billion as at 30 June 2026.
The Company's properties earn long-dated, secure, inflation-linked, growing rental income. SUPR targets a progressive dividend and the potential for long term capital growth.
The Company's shares are traded on the LSE's Main Market and on the Main Board of the JSE Limited in South Africa.
Further information is available on the Company's website www.supermarketincomereit.com
LEI: 2138007FOINJKAM7L537
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