28th Apr 2020 18:54
(Alliance News) - Supermarket Income REIT PLC on Tuesday said it has succeeded in raising GBP139.8 million via its oversubscribed 135.7 million share placing priced at 103 pence per share.
On Friday last week, the real estate investment trust announced its increase in the size of its offering to GBP139.8 million from the originally planned GBP100 million due to a high level of demand.
Once shares are admitted, Supermarket Income will have 473.6 million shares in issue. Directors Nick Hewson, Jon Austen, and Cathryn Vanderspar participated in the placing - subscribing for 68,925, 24,270, and 19,418 shares respectively.
Shares in Supermarket Income ended 0.7% higher at 107.25p in London on Tuesday.
By Anna Farley; [email protected]
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