Grant of LTIP and PDMR Shareholding
Supermarket Income REIT PLC has granted nominal cost options under its Long Term Incentive Plan to Executive Directors Rob Abraham and Mike Perkins. Rob Abraham received 1,197,530 Performance Share Awards and 249,480 Deferred Share Bonus Awards, while Mike Perkins received 876,543 Performance Share Awards and 182,952 Deferred Share Bonus Awards. These awards are subject to performance conditions related to relative Total Shareholder Return, EPRA earnings per share, and total accounting return, with vesting dates in 2029 for PSAs and two years from grant for DSBAs.
Select text to share a quote on X · sign in to keep highlights & notes in your SUPR notes
Supermarket Income REIT plc (LSE: SUPR), announces that it has granted awards in the form of nominal cost options ("Awards") over ordinary shares of the Company of £0.01 each ("Shares") pursuant to its Long Term Incentive Plan (the "LTIP"), on 14 October 2026 to the Executive Directors in the following table. Awards take the form of Performance Share Awards ("PSAs") and Deferred Share Bonus Awards ("DSBAs"), as set out below.
| Director | Type of Award | Number of Shares under Award |
|---|---|---|
| Rob Abraham | PSA | 1,197,530 |
| Mike Perkins | PSA | 876,543 |
| Rob Abraham | DSBA | 249,480 |
| Mike Perkins | DSBA | 182,952 |
PSAs
The exercise price for each PSA is £0.01 per Share, being the nominal cost of a Share. Vesting of the PSAs is subject to continued service and satisfaction of performance conditions relating to the following metrics:
- 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 1 July 2026 to the date of publication of results for the 2029 financial year;
- EPRA earnings per share ("EPS") performance for the 2029 financial year (25% weighting). 25% of this part of an award will vest for the 2029 financial year EPS of 6.37p increasing pro-rata to 100% of this part of an award vesting for the 2029 financial year EPS of 7.05p; and
- Total accounting return ("TAR") during the 2027, 2028 and 2029 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 PSAs 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 PSAs will be the date of publication of results for the 2029 financial year.
A holding period of two years from the date of vesting applies to the PSAs granted to the Executive Directors (and any Shares resulting from the PSAs).
DSBAs
The exercise price for each DSBA is £0.01 per Share, being the nominal cost of a Share. The DSBAs relate to the deferral of 50% of the annual bonus for the 2026 financial year, which would otherwise be paid in cash, into options over Shares with a future vesting date conditional upon continued employment.
The vesting date of the DSBAs will be the second anniversary of the grant date.
Notifications 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 notification/amendment | Initial notification |
| a) | Name | Supermarket Income REIT plc |
| b) | LEI | 2138007FOINJKAM7L537 |
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.01 each ISIN: GB00BF345X11 |
| b) | Nature of transaction | Grant of nominal cost options over Shares under the Company's Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) (1) PSA Nil 1,197,530 (2) DSBA Nil 249,480 |
| d) | Aggregated Information - Volume - Price | 1,447,010 Nil |
| e) | Date of transaction | 14 October 2026 |
| 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 notification/amendment | Initial notification |
| a) | Name | Supermarket Income REIT plc |
| b) | LEI | 2138007FOINJKAM7L537 |
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary Shares of £0.01 each ISIN: GB00BF345X11 |
| b) | Nature of transaction | Grant of nominal cost options over Shares under the Company's Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) (1) PSA Nil 876,543 (2) DSBA Nil 182,952 |
| d) | Aggregated Information - Volume - Price | 1,059,495 Nil |
| e) | Date of transaction | 14 October 2026 |
| f) | Place of transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.