Appointment of Non-Executive Director

RNS Number : 3797R

Supermarket Income REIT PLC

01 March 2023

 

1 March 2023

SUPERMARKET INCOME REIT PLC  

(the "Company") 

LEI: 2138007FOINJKAM7L537 
 

Appointment of non-Executive Director

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, is pleased to announce that following a comprehensive selection process, it has appointed Sapna Shah as an independent non-executive director of the Company with immediate effect.

Sapna has 20 years of investment banking experience advising UK companies, including listed REITs and investment companies, on IPOs, equity capital market transactions and mergers and acquisitions. Sapna was appointed as a non-executive director of The Association of Investment Companies ("AIC") in January 2021 and is a member of the AIC remuneration committee. Sapna is a Senior Adviser at Panmure Gordon Limited and prior to this held senior investment banking roles at UBS AG, Oriel Securities (now Stifel Nicolaus Europe) and Cenkos Securities. She has previously served on the advisory committee for a private solar energy company.

At the date of appointment,  Sapna holds 4,715 shares in Supermarket Income REIT.

Nick Hewson, Chairman of Supermarket Income REIT, commented:

"On behalf of the Board, we are pleased to welcome Sapna as an independent non-executive director to Supermarket Income REIT. Sapna brings extensive complementary experience to the role, having specialised in advising companies in the REIT and investment company space. Her expertise will be invaluable to the Company and its future growth ambitions - we all look forward to working together."

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

FOR FURTHER INFORMATION
Atrato Capital Limited	[phone]
Steve Noble / Rob Abraham / Chris McMahon	[e-mail]
Stifel Nicolaus Europe Limited	[phone]
Mark Young / Matt Blawat / Rajpal Padam
Goldman Sachs International Jimmy Bastock / Tom Hartley	[phone]
FTI Consulting	[phone]
Dido Laurimore / Eve Kirmatzis / Andrew Davis	[e-mail]

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 supermarkets 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 ⁽¹⁾ . The Company has increased its dividend every year since IPO. 

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares are traded on the Main Market of the London Stock Exchange, having listed initially on the Specialist Fund Segment of the Main Market 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.  There is no certainty that these illustrative projections will be achieved  

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.

 

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