Roadside Real Estate - Receipt of Proceeds from Second Tranche Put Option

Roadside Real Estate

15/06/2026 07:00

RNS Number : 2767I
  
Roadside Real Estate PLC
  
15 June 2026
  
 


15 June 2026
Roadside Real Estate PLC
("Roadside", the "Company" or the "Group")
Receipt of Proceeds from Second Tranche of Put Option
 
Roadside (AIM: ROAD), the UK energy forecourt real estate business, confirms that it has received a further £14 million of cash proceeds from CGV Ventures 1 Ltd following the exercise of the Put Option Agreement relating to the second tranche of its shareholding in Cambridge Sleep Sciences ("CSS").  The proceeds will be used to facilitate completion of the acquisition of Hoch Group Ltd.
The balance of Roadside's interest in CSS can be sold in the period from 1 September 2027 to 30 September 2027 for consideration of up to £20 million following the exercise of the Put Option Agreement in relation to the Company's remaining shareholding in CSS.




 
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




 




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