Wrap Text
Result of General Meeting
SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
("SUPR" or the "Company")
3 August 2026
RESULT OF GENERAL MEETING
As announced on 15 July 2026, subject to the applicable terms and conditions, the Company raised gross
proceeds of £100 million (the "Issue") through the issue of 120,481,928 new Ordinary Shares (the "New
Ordinary Shares"). Supermarket Income REIT plc announces that at the Company's General Meeting, held
earlier today, the following resolution authorising the Directors to allot Ordinary Shares for cash on a non-pre-
emptive basis to support the Issue was passed on a poll and the results of the poll and proxy votes received
are set out below.
The following resolution was proposed as an ordinary resolution.
Resolution Votes For % Votes % Total votes Total Votes
Against validly cast votes Withheld*
cast as
% of
issued
share
capital
To authorise the
Directors to allot
Ordinary Shares
for cash on a non-
pre-emptive basis
1. at a discount to 648,080,545 91.67% 58,872,269 8.33% 707,636,456 56.78% 683,642
NAV per Ordinary
Share, pursuant to
Resolutions 16 and
17 passed at the
AGM.
*A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at 3 August 2026 the issued share capital of
the Company consisted of 1,246,239,185 Ordinary Shares. The Company holds no Ordinary Shares in treasury.
Therefore, the total voting number of voting rights in the Company is currently 1,246,239,185 Ordinary Shares.
Applications have been made for the New Ordinary Shares to be admitted to trading on the London Stock
Exchange's main market for listed securities ("UK Admission"), and for listing on the premium segment of the
main board of the Johannesburg Stock Exchange (the "JSE") ("JSE Admission" and, together with UK
Admission, "Admission"). It is expected that UK Admission will become effective, and that dealings in the New
Ordinary Shares will commence on the London Stock Exchange, at 8.00 a.m. (BST) on 5 August 2026, and that
JSE Admission will become effective, and dealings will commence on the JSE, at 9.00 a.m. (SAST) on 5 August
2026.
Following Admission, the Company will have 1,366,721,113 Ordinary Shares in issue. The Company does not
hold any Ordinary Shares in treasury and, therefore, following Admission, the total number of voting rights in
the Company will be 1,366,721,113. This figure may be used by Shareholders as the denominator for the
calculations by which they may determine if they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The full text of the resolution can be found in the Notice of General Meeting dated 16 July 2026, a copy of which
is available on the Company's website at Equity Issuance - Supermarket Income REIT Plc.
In accordance with UK Listing Rule 6.4.2 a copy of the resolution passed at the General Meeting will be
submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Launch
Announcement.
FOR FURTHER INFORMATION
Supermarket Income REIT
Rob Abraham / Mike Perkins / Chris McMahon ir@suprplc.com
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Young / Rajpal Padam / Catriona Neville
Peel Hunt LLP
Capel Irwin / Chloe Ponsonby / Sohail Akbar +44 (0)20 7418 8900
Goldman Sachs International +44 (0)20 7774 1000
Tom Hartley / Andreas Bjork / George MacGregor
PSG Capital Proprietary Limited (SA Adviser, Sole SA +27 (0)81 831 2709
Bookrunner and Placing Agent, JSE Sponsor)
Terence Kretzmann / Bhargav Desai
Headland Consultancy +44 (0)20 3805 4885
Susanna Voyle / Antonia Pollock / Dan SUPR@headlandconsultancy.com
Mahoney
Pre-Emption Group Reporting
The Issue is a non-pre-emptive issue of equity securities for cash and accordingly the Company makes the
following post-transaction report in accordance with the most recently published Pre-Emption Group Statement
of Principles (2022).
Name of issuer Supermarket Income REIT plc
Transaction details In aggregate, the issue of 120,481,928 New Ordinary Shares represents
approximately 10 per cent. of the Company's issued ordinary share
capital prior to the Issue. Settlement of the New Ordinary Shares and UK
Admission are expected to take place at or around 8.00 a.m. (BST) on 5
August 2026 and JSE Admission is expected to take place at or around
9.00 a.m. (SAST).
Use of proceeds The net proceeds of the Issue, alongside prudent use of leverage, will be
used to fund the attractive pipeline of nine grocery assets for £216 million
at an average net initial yield of 6.6%, WAULT of 10 years predominantly
let to investment grade grocery tenants (the "Advanced Pipeline"). The
Advanced Pipeline comprises eight supermarkets and one grocery
distribution asset.
Quantum of proceeds In aggregate, the Issue represents gross proceeds of approximately £100
million and net proceeds of approximately £98 million.
Discount The Issue Price of 83 pence represents a discount of 5 per cent. to the
closing price on the London Stock Exchange of 88.9 pence on 14 July
2026 less the dividend of 1.545 pence per share.
Allocations Soft pre-emption has been adhered to in the allocations process.
Management was involved in the allocations process, which has been
carried out in compliance with the UK MiFID II Allocation requirements.
Allocations made outside of soft pre-emption were preferentially directed
towards existing shareholders in excess of their pro rata, and wall-
crossed accounts.
Consultation The Company, together with the Joint Bookrunners and PSG Capital,
undertook a pre-launch wall-crossing process, which included
consultation with the Company's major shareholders, to the extent
reasonably practicable and permitted by law.
Retail investors The Issue included a Retail Offer, for a total of 12,048,192 New Ordinary
Shares, via the Retail Book platform. Retail investors, who participated in
the Retail Offer, were able to do so at the same Issue Price as all other
investors.
The Retail Offer was made available to existing shareholders and new
investors in the UK. Investors were able to participate through Retail
Book's platform via its partner network. Investors had the ability to
participate in this transaction through ISAs and SIPPs, as well as General
Investment Accounts (GIAs). The use of the RetailBook platform meant
that, to the extent practicable on the transaction timetable, eligible UK
retail investors had the opportunity to participate in the Issue alongside
institutional investors.
Allocations in the Retail Offer were preferentially directed towards
existing shareholders in keeping with the principle of soft pre-emption.
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 £2.1 billion as
at 31 December 2025.
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
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.
Peel Hunt LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is
acting only for the Company as joint bookrunner in connection with the matters described in this Announcement
and is not acting for or advising any other person, or treating any other person as its client in relation thereto
and will not be responsible for providing the regulatory protection afforded to the clients of Peel Hunt or advice
to any other person in relation to the matters contained herein. Such persons should seek their own independent
legal, investment and tax advice as they see fit.
United Kingdom
Sponsor: PSG Capital
Date: 03-08-2026 03:45:00
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