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 | |
|
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 |
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
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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