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Roadside Real Estate PLC confirmed on 15 June 2026 the receipt of £14 million in cash proceeds from CGV Ventures 1 Ltd. This payment resulted from the exercise of a Put Option Agreement related to the second tranche of Roadside's shareholding in Cambridge Sleep Sciences (CSS). The proceeds will be used to facilitate the completion of the acquisition of Hoch Group Ltd, and Roadside's remaining interest in CSS can be sold for up to £20 million between 1 September 2027 and 30 September 2027 via a further Put Option Agreement.
| Date | 15 Jun 2026 |
| Time | 07:00:12 |
| Category | Miscellaneous |
| ID | 2767I |
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.
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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 |