Grant of Share Options
Roadside Real Estate PLC has granted 7,637,158 share options to directors and persons discharging managerial responsibilities at an exercise price of £0.00861 per share, representing approximately 4.3% of the company's issued share capital. These options, awarded under the Long Term Incentive Plan 2025, have staggered vesting dates between May 2027 and March 2029, subject to continued employment, and are exercisable within six months of vesting. The Chairman received 3,947,367 options, the CFO 1,315,789, the COO 909,090, the Property Director 1,315,789, and the Group FD 149,123.
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Roadside (AIM: ROAD), the UK energy forecourt real estate business, announces the award of 7,637,158 share options (the "Share Options") over ordinary shares of £0.00860675675675676 each in the capital of the Company (the "Ordinary Shares") to certain directors and PDMRs of the Company, as set out below.
| Director/PDMR | Position | Number of Share Options | Exercise Price |
|---|---|---|---|
| Steve Carson | Chairman | 3,947,367 | £0.00861 |
| Douglas Benzie | CFO | 1,315,789 | £0.00861 |
| David Phillpot | COO | 909,090 | £0.00861 |
| Simon Jones | Property Director | 1,315,789 | £0.00861 |
| James Shrager | Group FD | 149,123 | £0.00861 |
Pursuant to the terms of the Group's Long Term Incentive Plan 2025 scheme (the "LTIP"), the Share Options have been granted at nominal cost and are exercisable as follows:
- The Share Options awarded to Steve Carson, Douglas Benzie and Simon Jones will vest in two tranches, with two-thirds vesting on 31 May 2027 and one-third on 31 May 2028.
- The Share Options awarded to David Phillpot will vest in two tranches, with two-thirds vesting on 10 November 2027 and one-third on 10 November 2028.
- The Share Options awarded to James Shrager will vest on 31 March 2029.
The Share Options vest on the above dates subject to continued employment. Each tranche of Share Options may be exercised within six months following the respective vesting dates. The Share Options are free of any holding period but are subject to clawback and malus provisions.
Following the issue of these options, the Company has outstanding options over a total of up to 7,637,158 Ordinary Shares, representing approximately 4.3% of its issued share capital.
| 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 | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1. Steve Carson 2. Douglas Benzie 3. David Phillpot 4. Simon Jones 5. James Shrager |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chairman 2. CFO 3. COO 4. Property Director 5. Group FD |
| b) | Initial notification/ Amendment | Initial notification |
| a) | Name | Roadside Real Estate plc |
| b) | LEI | 213800X57YXZVILB9E84 |
| 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) Volume(s) 1. £0.00861 2. £0.00861 3. £0.00861 4. £0.00861 5. £0.00861 1. 3,947,367 2. 1,315,789 3. 909,090 4. 1,315,789 5. 149,123 |
| d) | Aggregated information - Aggregated volume - Price | - 7,637,158 - £0.00861 |
| e) | Date of the transaction | 13 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.