REG - Roadside Real Estate - Appointment of COO and LTIP Implementation

Roadside Real EstateAnnouncement

09/09/2025 07:00

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RNS Number : 4922Y  Roadside Real Estate PLC  09 September 2025

9 September 2025

ROADSIDE REAL ESTATE PLC

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

Appointment of Chief Operating Officer &

Implementation of new Long-Term Incentive Plan ('LTIP' or 'the Plan')

Roadside (AIM: ROAD), the UK real estate company focused on value-led roadside
and convenience retail, is delighted to announce the appointment of David
Phillpot as Chief Operating Officer (non-Board).  He will take up his
position effective 10 November 2025.

David will join Roadside from BP where he was Vice President Europe leading
the Convenience business across eight markets and responsible for over $4bn of
revenue across 3,500 stores.

Prior to BP, David had a long career with M&S in a number of senior roles
across franchise, trading and convenience.

Commenting, Roadside CEO Charles Dickson said:

"We are delighted to announce David's appointment to Roadside.  His extensive
and relevant experience in the operational management of petrol filing station
and convenience assets comes at an important time in the development of the
Company's strategic direction, as we realign our business to focus on
creating, operating, managing and growing an exciting portfolio of roadside
real estate assets."

New LTIP

Upon the recommendation of the Group's Remuneration Committee, the Board has
approved the implementation of a new LTIP which allows for the grant of
options to acquire shares to executives and senior management of the Group.

The Remuneration Committee has designed the Plan to attract strong candidates
to senior management positions in the Company, to retain these individuals,
and to incentivise the Company's management team to deliver sustainable, long
term value creation for shareholders.

The LTIP provides for the grant of options to acquire ordinary shares in the
Company to be made to all employees of the Group (including executive
directors and senior management) at the discretion of the Remuneration
Committee. The maximum number of shares which can be issued on the exercise of
options granted under the Plan (and pursuant to other options granted by the
Company) may not exceed 10% of the Company's issued share capital over a
period of 10 years.

It is anticipated that options granted under the Plan will generally be
subject to a three-year vesting period from the date of grant, with the
proportion of options which ultimately vest and are capable of exercise
dependent on the option holder's continued service. The Remuneration Committee
may also specify additional performance conditions where it considers it
appropriate.

No awards have been granted under the Plan as at the date of this
announcement. Further announcements will follow on the granting of awards.

Enquiries:

Roadside Real Estate Plc

Steve Carson, Non-Executive Chairman

Charles Dickson, Chief Executive Officer

Douglas Benzie, Chief Financial Officer

Montfort

Ann-marie Wilkinson   Tel: +44 (0)77 3062 3815

Isabella Leathley         Tel: +44 (0)74 7168 7266

Cavendish Capital Markets Limited (Nomad and Broker)

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

Tim Redfern (ECM)    Tel: +44 (0)20 7220 0500

 

 

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