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Roadside Real Estate PLC expects to receive £14 million from CGV Ventures 1 Ltd by the end of May 2026. The Company has extended the latest completion date for the D.A. Roberts Fuels Ltd acquisition to 31 May 2026, having paid a £1.36 million deposit towards a £10.5 million net cash consideration balance. The acquisition of Hoch Group Ltd remains on track to complete by 31 May 2026, with its £28.6 million consideration partly funded by a £25 million debt facility from HSBC and £3.6 million from Tarncourt Capital Limited facilities.
| Date | 29 Apr 2026 |
| Time | 07:00:08 |
| Category | Acquisitions and alliances |
| ID | 3233C |
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.
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Enquiries Roadside Real Estate PLC Steve Carson, Chairman Charles Dickson, Chief Executive Officer Douglas Benzie, Chief Financial Officer c/o Montfort |
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Montfort Ann-marie Wilkinson Alex Everett |
+44 (0)7730 623815 +44 (0)7780 431533 |
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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 |
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Shore Capital (Joint Corporate Broker) Ben Canning (Corporate Broking) Stephane Auton / James Thomas / Harry Davies-Ball (Corporate Advisory) |
+44 (0)20 7408 4050 |