Six Supermarket Income REIT Directors Acquire 206,576 Shares at £0.83 Each in July 2026 Equity Raise

Executive and Non-Executive Directors Bolster Shareholdings in Capital Raise

Robert Abraham, Executive Director, acquired 60,240 Ordinary Shares at £0.83 per share, investing £49,999.20 and raising his total stake to 316,984 shares. Fellow Executive Director Michael Perkins purchased 12,048 shares for £9,999.84, bringing his total holdings to 42,048 shares.

Non-Executive Chair Nick Hewson bought 12,000 shares valued at £9,960.00, increasing his substantial holdings to 1,643,609 shares. Hewson's additional investment reinforces his long-term commitment and aligns his interests with external shareholders, signaling strong confidence in the REIT's outlook and capital strategy.

Non-Executive Directors Show Strong Engagement Through Equity Participation

Non-Executive Director Roger Blundell acquired 50,000 shares at £0.83 each for £41,500.00, raising his total to 200,000 shares. Cathryn Vanderspar purchased 24,096 shares for £19,999.68, with her and associated parties’ total holdings reaching 149,898 shares. Sapna Shah acquired 48,192 shares valued at £39,999.36, increasing her total interest to 296,279 shares.

The involvement of multiple non-executive directors at the same £0.83 share price demonstrates unified board support for the capital raise and alignment with shareholder interests. This diversified participation across executive and non-executive roles reflects institutional backing for the REIT's capital structure and growth plans.

Equity Issuance Priced at £0.83 Reflects Market Valuation and Transparency

The equity issuance was conducted at £0.83 per Ordinary Share on 15 July 2026 via the London Stock Exchange, with all director purchases executed at this uniform price. This pricing reflects the market valuation at issuance and ensures consistent treatment for all participants, adhering to regulatory standards.

As a listed property investment trust, Supermarket Income REIT generates revenue through leasing supermarket properties to grocery retailers under long-term leases. The equity raise, supported by director participation, likely aims to fund acquisitions, portfolio expansion, or balance sheet strengthening within the competitive UK retail real estate sector.

Regulatory Compliance Under UK Market Abuse Regulation

This disclosure complies with Article 19 of the EU Market Abuse Regulation 596/2014, as incorporated into UK law. It mandates timely notification of transactions by persons discharging managerial responsibilities (PDMRs), including both executive and non-executive directors. This ensures market transparency and mitigates information asymmetry.

The detailed reporting of each director’s name, position, shares acquired, transaction price, and resulting total shareholding forms a formal regulatory filing overseen by the FCA and London Stock Exchange. These disclosures inform investors of management’s investment commitments and help maintain market integrity.

Supermarket Income REIT’s Business Model and Asset Base

Supermarket Income REIT PLC focuses on UK supermarket properties leased to major grocery chains, generating stable rental income through long-term leases. This model provides predictable cash flows due to the essential nature of grocery retail, which tends to be resilient even during economic downturns.

The REIT structure enables tax-efficient income distribution by mandating at least 90% of taxable profits be paid out to shareholders. Tenant quality and property selection are critical, with leases to financially strong grocery retailers mitigating default risk and ensuring reliable income streams. The company’s focus on supermarket-anchored real estate positions it defensively within the retail property sector.

Director Shareholdings Reflect Strong Alignment With Shareholder Interests

Following the equity issuance, the six directors collectively hold over 2.6 million Ordinary Shares. Non-Executive Chair Nick Hewson’s 1,643,609 shares represent a significant ownership stake, while Executive Director Robert Abraham’s 316,984 shares highlight substantial personal investment. These holdings align management incentives with shareholder value creation.

The directors’ decision to invest at the £0.83 price point signals confidence that the shares are fairly valued and that capital deployment will generate returns exceeding the cost of equity. Such insider participation reduces agency conflicts and demonstrates accountability for strategic capital allocation.

Capital Raise Context Within UK REIT Market Activity

The 15 July 2026 equity issuance, detailed in the Results of the Issue announcement, forms part of a structured capital raise by Supermarket Income REIT. The directors’ aggregate investment of approximately £171,459.08 indicates a meaningful raise intended to support acquisitions, debt reduction, or portfolio growth. Director participation is often encouraged to demonstrate alignment with new investors.

UK REITs commonly access capital markets to fund property acquisitions or refinancing. Supermarket Income REIT’s periodic equity raises support its strategy to expand and enhance its income-generating property portfolio. The directors’ commitment during this issuance reflects confidence in the company’s growth prospects despite potential shareholder dilution.

Risks and Operational Factors in Supermarket Property Investment

Supermarket Income REIT faces risks including tenant credit exposure, property obsolescence, and shifts in grocery retail trends. While supermarket leases offer stable income, tenant financial difficulties or sector consolidation could impact rental collections and lease renewals. Changes such as online grocery growth and discount formats may affect demand for traditional supermarket space and rental values.

The £0.83 share price reflects market views on asset values, yields, and growth potential. External factors like interest rates, inflation, and retail real estate sentiment can influence shareholder returns and capital costs. Director share purchases do not guarantee future share price gains or dividend stability, and investors should consider cyclical and structural risks inherent in retail property.

Ongoing Compliance and Market Transparency

This director shareholding disclosure supports Supermarket Income REIT’s adherence to UK Listing Rules and FCA regulations. The transparent reporting of director transactions creates an auditable public record that helps prevent insider trading and allows investors to monitor management confidence.

Future director share acquisitions or disposals exceeding regulatory thresholds will trigger similar public notifications, enabling continuous oversight of board shareholding trends. The company’s commitment to timely insider transaction disclosures reinforces governance standards and investor trust in the SUPR market on the London Stock Exchange.