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Supermarket Income REIT raises £139.8mln in 'substantially' oversubscribed placing

Supermarket Income REIT's (LON:SUPR) Steve Windsor tells Proactive London's Andrew Scott the £139.8mln raise which has been confirmed this morning is a great response for them - given their initial £75mln target.

''Even at the bigger issuance number we were substantially oversubscribed from both existing and new investor interest'', he says.

''It really underlines the defensiveness of the grocery sector and should take us north of £500mln market capitalisation which is quite a milestone''.

Quick facts: Supermarket Income REIT PLC

Price: 108 GBX

LSE:SUPR
Market: LSE
Market Cap: £511.51 m
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Supermarket Income Reit 'doubles size of business' and looks set to grow...

Supermarket Income REIT PLC's (LON:SUPR) Steven Noble and Natalie Markham talks to Proactive about their latest set of full year results which has seen the company double its size in a year. Now with a portfolio value of £780m the company plans to raise £150m to take advantage of...

2 days, 17 hours ago

2 min read