Supermarket Income REIT PLC says share issue was oversubscribed
The real estate investment trust announced earlier this month plans to raise around £100mln by placing shares at 106p each. The size of the issue was increased to meet strong demand
() has raised £153mln through the issue of shares, including £3mln raised through the platform.
Even after increasing the size of the issue from £100mln to £150mln (plus the element), the share issue was oversubscribed. The shares were issued at 106p a pop.
READ Supermarket Income REIT raises issue size to £150mln amid strong investor support
“We are extremely grateful to our existing shareholders and new investors for their strong support exhibited by the exceptional level of demand for this upsized capital raise. Our pipeline of transactions is strong and we have seen an increase in attractive investment opportunities since the marketing roadshow began and therefore expect to be able to deploy efficiently the proceeds of this latest raise into high quality, long let, omnichannel supermarket assets that support our investment strategy,” said Nick Hewson, the chairman of the real estate investment trust (REIT).
Shares in Supermarket Income REIT were up 0.2% at 107.25p.
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