Supermarket Income REIT targets £100m ordinary share issuance at discount

Offer for subscription open to private investors

Supermarket Income REIT intends to raise £100m by way of ordinary share issuance under a placing programme, and will make the subscription available to private investors via PrimaryBid.

The issue price of 106p per new ordinary share represents a discount of 3.2% to the closing price of 109.5p per existing ordinary share on 3 March, but a 1.9% premium to its year end value of 104p. Aegon property fund remains suspended as it approaches first anniversary A "number of attractive acquisition opportunities" has spurred the board to pursue a new issuance, with four target assets with an aggregate approximate value of £230m currently under negotiation and a further nine assets with an aggregate approximate value of £184m in the pipeline. Private investors will also be ab...