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LONDON - Supermarket Income REIT plc (LSE:LON:SUPR) announced Tuesday that shareholders approved the transfer of the company’s listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the Official List during its General Meeting.
The special resolution passed with 99.87% approval, representing 732,507,684 votes in favor and 953,627 votes against. The total valid votes cast accounted for 58.85% of the company’s issued share capital.
Following the approval, the company’s Investment Policy will no longer apply once the transfer becomes effective. The board has been authorized to take necessary actions to complete the transition.
Separately, the company announced changes to its Nomination Committee. Roger Blundell and Frances (BCBA:BBARm) Davies have been appointed as new members, while Nick Hewson and Vince Prior have stepped down, effective immediately. The company stated these changes were made to "aid its succession planning activities over the near term."
Supermarket Income REIT specializes in grocery properties that are part of essential food retail infrastructure, focusing on omnichannel stores that fulfill both online and in-person sales. The company’s properties are leased to leading supermarket operators across the UK and Europe.
The company is currently listed on the London Stock Exchange (LON:LSEG)’s Main Market with a secondary listing on the Main Board of the JSE Limited in South Africa.
This article is based on information contained in a press release issued by Supermarket Income REIT plc.
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