Supermarket Income REIT PLC (LSE:SUPR) has launched an offer for subscription of up to GBP10mln via the PrimaryBid platform to allow private investors who are either professionally advised or financially sophisticated an opportunity to participate in its latest fundraising.
The fund announced on Friday that it is looking to raise roughly GBP100mln from the issue of 86,956,522 new shares in a placing and offer for subscription at the price of 115p a share.
The PrimaryBid offer will be at the same price, which represents a 4.2% discount to the closing mid-price on 29 September.
Supermarket Income REIT said the proceeds of capital raise will be used to make further investments in UK supermarket real estate.
The PrimaryBid offer opened on Monday morning and will close at 11am on 18 October or early if it is oversubscribed.