REG - Roadside Real Estate - Update on Acquisitions and Debt Facility

Roadside Real EstateAnnouncement

29/04/2026 07:00

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RNS Number : 3233C  Roadside Real Estate PLC  29 April 2026

29 April 2026

Roadside Real Estate PLC

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

Update on Acquisitions and Debt Facility

Roadside (AIM: ROAD), the UK energy forecourt real estate business provides
the following update in respect of the acquisitions of D.A. Roberts Fuels Ltd
("DAR") and Hoch Group Ltd ("HOCH").

Following the exercise of the put option with CGV Ventures 1 Ltd ("CGV"),
announced on 31 March 2026, the £14 million proceeds are now expected to be
received by the end of May 2026. This is due to the finalisation of recently
introduced regulatory requirements in the underlying jurisdictions.  The
acquisition of DAR will complete shortly after receipt of the funds from
CGV.  The Company has paid a deposit of £1.36 million to DAR, with the
balance of the net cash consideration of £10.5 million due on completion. The
Company has extended the latest completion date to 31 May 2026.

The acquisition of HOCH remains on track to complete by 31 May 2026.  On 13
April 2026, Roadside announced that the acquisition consideration of £28.6
million would be partly funded by a £25 million debt facility provided by
HSBC, with the balance of the consideration of £3.6 million funded by the
drawdown of facilities provided by Tarncourt Capital Limited.  The terms of
the HSBC debt facility are now agreed, and the facility agreement will be
executed on the acquisition completion date.

 

 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 & Joint Corporate Broker)

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

 Matt Lewis / Harriet Ward (ECM)                                          +44 (0) 20 7220 0500
 Shore Capital (Joint Corporate Broker)

 Ben Canning (Corporate Broking)                                          +44 (0)20 7408 4050

 Stephane Auton / James Thomas / Harry Davies-Ball (Corporate Advisory)

 

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