REG - Roadside Real Estate - AGM Statement

Roadside Real EstateAnnouncement

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RNS Number : 7780X  Roadside Real Estate PLC  24 March 2026

24 March 2026

 

Roadside Real Estate PLC

("Roadside", the "Company" and the "Group")

AGM Statement

Roadside (AIM: ROAD), the UK energy forecourt real estate business, is pleased
to make the following statement ahead of its Annual General Meeting later
today.

Steve Carson, Chairman, said:

"My first full year as Chairman of Roadside has been a transformational one
for the business, repositioning its strategy to build a scalable, energy
forecourt and convenience retail platform and building out a management team
to deliver the vision.

In that time, the Company has focused on developing a strong acquisition
pipeline of forecourt opportunities, predominantly petrol filling stations
("PFS"). The acquisition of the former Sainsbury's PFS at the Coventry site
from the Meadow J-V in July 2025, marked the start of our energy forecourt
roll-up.

In late December 2025, we announced the proposed acquisition of Gardner Retail
Ltd, a portfolio of six premium operational sites across the wider Cheltenham
area. Following a successful £20.75 million placing and subscription, this
transaction completed in February 2026.  At the same time, we entered into a
binding agreement to acquire D.A. Roberts Fuels Ltd, a strategic PFS asset
with strong revenue and development potential, together with a bulk fuel
distribution business.

While integration of these recent acquisitions is in the early stages, we are
working in close partnership with the incumbent teams to optimise fuel sales
and drive operational efficiencies.

The fragmented UK energy forecourt market presents a compelling opportunity to
build a resilient, income-generative portfolio of desirable freehold assets.
Our buy-and-build strategy leverages our collective experience to acquire
sites that are immediately earnings accretive to the Group, while offering
long-term development potential through enhanced convenience retail and
ancillary services.

We look forward to the future with much optimism.  There is significant
opportunity with favourable M&A tailwinds and we have already begun to
create a solid foundation for future value creation."

 

 

Enquiries:

 Roadside Real Estate PLC

 Steve Carson, Chairman

 Charles Dickson, Chief Executive Officer

 Douglas Benzie, Chief Financial Officer

 c/o Montfort
 Montfort

 Ann-marie Wilkinson                                              +44 (0)7730 623815

 Alex Everett                                                     +44 (0)7780 431533
 Cavendish Capital Markets Limited (Nomad and Broker)

 Matt Goode / Seamus Fricker / Elysia Bough (Corporate Finance)

 Matt Lewis / Harriet Ward (ECM)                                  +44 (0) 20 7220 0500

 

 

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