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Establishment of Long Term Incentive Plan and grant of 2025 LTIP awards
SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company")
19 June 2025
Establishment of Long Term Incentive Plan and grant of 2025 LTIP awards
Notification and public disclosure of transactions by PDMRs
Supermarket Income REIT plc (LSE: SUPR), announces the establishment of its Long Term Incentive Plan (the "LTIP"),
following consultation with a number of its largest shareholders and as outlined in the Directors' Remuneration Policy
in the circular published on 4 March 2025 in relation to the internalisation of the Company's management function (the
"Internalisation"). The Board recognises the importance of equity incentive schemes as a means to incentivise the
Executive Directors, ensuring alignment with the objectives of the Company and its shareholders.
The Company announces that it has granted awards in the form of nominal cost options ("LTIP Awards") over ordinary
shares of the Company of £0.01 each ("Shares") pursuant to the LTIP, on 17 June 2025 to the Executive Directors listed
below:
Director Number of Shares under
LTIP Award
Rob Abraham 993,377
Mike Perkins 728,476
The exercise price for each LTIP Award is £0.01 per Share, being the nominal cost of a Share. Vesting of the LTIP
Awards is subject to continued service and satisfaction of performance conditions relating to the following metrics:
(i) Relative Total Shareholder Return ("TSR") measured against the constituents of the FTSE 350 Real Estate
sector excluding agencies (50% weighting). 25% of this part of an award will vest for median TSR,
increasing pro-rata to 100% of this part of an award vesting for upper quartile TSR as measured from
completion of the Internalisation to the publication of the 2028 financial year results;
(ii) Adjusted earnings per share ("EPS") performance for the 2028 financial year (25% weighting). 25% of this
part of an award will vest for the 2028 financial year EPS of 6.3p increasing pro-rata to 100% of this part
of an award vesting for the 2028 financial year EPS of 7.0p; and
(iii) Total accounting return ("TAR") during the 2026, 2027 and 2028 financial years (25% weighting). 25% of
this part of an award will vest for TAR of 5% p.a. increasing pro-rata to 100% of this part of an award
vesting for TAR of 10% p.a..
In addition to the performance conditions outlined above, the Remuneration Committee will retain discretion to adjust
any formulaic outcome for the LTIP Awards if it considers it necessary to take account of its broader assessment of
Company or executive performance and the stakeholder experience more generally over the vesting period.
The vesting date of the 2025 LTIP Awards will be the date of publication of results for the 2028 financial year.
A holding period of two years from the date of vesting applies to the LTIP Awards granted to the Executive Directors
(and any Shares resulting from the LTIP Awards).
The following notifications are made in accordance with the requirements of Article 19 of the UK Market Abuse
Regulation.
1 Details of the person discharging managerial responsibilities/persons
closely associated
a) Name Rob Abraham
2 Reason for notification
a) Position/Status Chief Executive Officer
b) Initial Initial notification
notification/amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Supermarket Income REIT plc
b) LEI 2138007FOINJKAM7L537
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial Ordinary Shares of £0.01 each
instrument, type of instrument ISIN: GB00BF345X11
and identification code
b) Nature of transaction Grant of a nominal cost option over Shares
under the Company's Long Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 993,377
d) Aggregated Information Not applicable – single transaction
e) Date of transaction 17 June 2025
f) Place of transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities/persons
closely associated
a) Name Mike Perkins
2 Reason for notification
a) Position/Status Chief Financial Officer
b) Initial Initial notification
notification/amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Supermarket Income REIT plc
b) LEI 2138007FOINJKAM7L537
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the financial Ordinary Shares of £0.01 each
instrument, type of instrument ISIN: GB00BF345X11
and identification code
b) Nature of transaction Grant of a nominal cost option over Shares
under the Company's Long Term Incentive
Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 728,476
d) Aggregated Information Not applicable – single transaction
e) Date of transaction 17 June 2025
f) Place of transaction Outside of a trading venue
FOR FURTHER INFORMATION
Supermarket Income REIT plc ir@suprplc.com
Rob Abraham / Mike Perkins / Chris McMahon
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Young / Rajpal Padam / Catriona Neville
Goldman Sachs International +44 (0)20 7774 1000
Tom Hartley / Luca Vincenzini
FTI Consulting +44 (0)20 3727 1000
Dido Laurimore / Eve Kirmatzis / Andrew Davis SupermarketIncomeREIT@fticonsulting.com
NOTES TO EDITORS:
Supermarket Income REIT plc(LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in grocery
properties which are an essential part of the feed the nation infrastructure. The Company focuses on grocery stores
which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are let to leading
supermarket operators in the UK and Europe, diversified by both tenant and geography.
The Company's assets earn long-dated, secure, inflation-linked, growing income. The Company targets a progressive
dividend and the potential for capital appreciation over the longer term.
The Company is listed on the closed-ended investment funds category of the FCA's Official List and its Ordinary Shares
are traded on the LSE's Main Market. The Company also has a secondary listing on the Main Board of the JSE Limited in
South Africa.
Further information is available on the Company's website www.supermarketincomereit.com
Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to
anyone other than the Company for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing
advice in connection with the matters referred to in this announcement.
Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and
no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the
protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the matters referred to in
this announcement.
United Kingdom
Sponsor: PSG Capital
Date: 19-06-2025 08:00:00
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