Roadside Real Estate - Exercise of First Tranche of Put Option Agreement

Roadside Real Estate

31/03/2026 07:00

RNS Number : 7174Y

Roadside Real Estate PLC

31 March 2026

 

31 March 2026

 

Roadside Real Estate PLC

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

Exercise of First Tranche of Put Option Agreement

Roadside (AIM: ROAD) confirms that, pursuant to the amended put option agreement with CGV Ventures 1 Ltd ("CGV") in regard to the sale of the Company's remaining 48% investment in Cambridge Sleep Sciences ("CSS") - announced on 9 February 2026 - the put option over the first tranche, representing 14% of the issued share capital of CSS, has been exercised.

CGV is undertaking the necessary drawdown procedures from its underlying investors, with the consideration of £14 million expected to be received by the Company by the end of April 2026.  The Company will complete the acquisition of D. A. Roberts Fuels Ltd shortly after the receipt of the funds from CGV.

 

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)
+44 (0)20 7408 4050

 

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