Roadside Real Estate - Director Dealings and Changes to the Concert Party
14 August 2026
Roadside Real Estate PLC
("Roadside", the "Company" or the "Group")
Director Dealing and Changes to Concert Party
Further to the announcement made on 13 August 2026, Roadside (AIM: ROAD), the UK energy forecourt real estate business, announces that Tarncourt Capital Ltd (or “Tarncourt”), an entity controlled by Charles Dickson (or “Mr Dickson”), Chief Executive Officer of Roadside, has notified the Company of its purchase yesterday of an aggregate 18,666,666 Ordinary Shares at a price of 57.5 pence per Ordinary Share, comprising 13,066,666 Ordinary Shares purchased from Davina Dickson and 5,600,000 from James Dickson.
In addition, the Company was also notified that yesterday Tarncourt made a further purchase of 1,100,000 Ordinary Shares at a price of 57.5 pence per Ordinary Share (together with the above, the “Purchases”).
Updates to Concert Party
The Company also provides an update on changes to the shareholder concert party established at the time of admission to the AIM on 7 January 2020 (“Admission”).
At the time of Admission, the Company confirmed, following consultation with the Panel Executive, that several members of the Dickson Family and certain early shareholders in the Company were presumed to be acting in concert by virtue of their long-standing business and/or personal relationships with members of the Dickson family. On Admission, the Concert Party was interested in 67.1 per cent. of the Company’s issued share capital.
On 16 April 2026, the Company announced an update to this group, and that it had agreed with the Panel Executive that Alan Halsall, Mark Lewis and Richard Burrell were no longer considered to be acting in concert as a result of changes in the nature of their relationships with the Dickson Family. As a result, the remaining persons acting in concert (the “Concert Party”) then held, in aggregate, 95,082,019 Ordinary Shares, representing approximately 53.3 per cent. of the Company's issued share capital. In addition, as announced on 20 July 2026, Apache Capital Partners sold its remaining holding of 1,166,665 Ordinary Shares, and is therefore no longer considered to be part of the Concert Party.
Following the Purchases, the members of the Concert Party continue to hold shares carrying more than 50 per cent. of the voting rights of the Company and (for so long as they continue to be acting in concert) no obligation to make an offer under Rule 9 will normally arise from acquisitions of interests in shares carrying voting rights by any member of the concert party.
Accordingly, following the Purchases set out above, the resulting interests of members of the Concert Party are as follows:
Director/PDMR
Number of Ordinary Shares
% of Issued Share Capital
Charles Dickson
Chief Executive Officer
41,977,766
23.55%
Tarncourt Capital Ltd
Company which is owned and controlled by Charles Dickson
30,600,000
17.17%
James Dickson
Member of the Concert Party
3,352,969
1.88%
Davina Dickson
Member of the Concert Party
8,500,501
4.77%
David Holdsworth
Member of the Concert Party
11,119,118
6.24%
Total
95,550,354
54.56%
Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the Company's announcement made on 13 August 2026.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.
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
Alex Everett
+44 (0)7730 623815
+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)
Stephane Auton / James Thomas / Harry Davies-Ball (Corporate Advisory)
+44 (0)20 7408 4050
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tarncourt Capital Ltd
2
Reason for the notification
a)
Position/status
Part of the Tarncourt Group of companies which is owned and controlled by Charles Dickson
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Roadside Real Estate plc
b)
LEI
213800X57YXZVILB9E84
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of £0.00860675675675676
GB00BL6TZZ70
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
57.5 pence
57.5 pence
Volume(s)
13,066,666
5,600,000
d)
Aggregated information
- Aggregated volume
- Price
18,666,666
57.5 pence
e)
Date of the transaction
13 August 2026
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tarncourt Capital Ltd
2
Reason for the notification
a)
Position/status
Part of the Tarncourt Group of companies which is owned and controlled by Charles Dickson
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Roadside Real Estate plc
b)
LEI
213800X57YXZVILB9E84
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares of £0.00860675675675676
GB00BL6TZZ70
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
57.5 pence
Volume(s)
1,100,000
d)
Aggregated information
- Aggregated volume
- Price
1,100,000
57.5 pence
e)
Date of the transaction
13 August 2026
f)
Place of the transaction
London Stock Exchange
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