Supermarket Income (SUPR) raised £200m in an oversubscribed issue. In the announcement this morning, it said that the initial size of the issue had been increased and that notwithstanding this, demand exceeded the proceeds raised. This resulted in the undertaking of a scaling back exercise.
You can read more on the issue by accessing our news story from 30 September, through this link.
SUPR’s chairman, Nick Hewson, had this to say on the issue announcement this morning: “We are delighted by the strong support shown by our existing shareholders and new investors for this capital raise, which enabled us to increase our initial issue size. The funds raised will allow us to execute on our strong pipeline of deals as we continue to deliver on our strategy of providing investors with stable, long-term, inflation-protected income.”
SUPR: Supermarket Income issue raises £200m