Director Dealings and Changes to Concert Party
Roadside Real Estate PLC announced director dealings and changes to its shareholder concert party. Chief Executive Officer Charles Dickson purchased 1,150,000 ordinary shares at 61 pence each, while James Dickson sold 1,172,029 shares at 60 pence. Additionally, significant transfers occurred between entities controlled by Mr. Dickson, totaling 5,933,332 shares at 60 pence. The company also confirmed that Alan Halsall, Mark Lewis, and Richard Burrell are no longer considered part of the concert party. The remaining concert party members now hold 95,082,019 ordinary shares, representing 53.3% of the issued share capital.
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Roadside (AIM: ROAD), the UK energy forecourt real estate business, was notified on 13 April 2026 that Charles Dickson (or "Mr Dickson"), Chief Executive Officer, has purchased a total of 1,150,000 ordinary shares of £0.00860675675675676 pence each in the Company ("Ordinary Shares") at a price of 61 pence per Ordinary Share (the "Purchase"). In addition, the Company was notified that on 13 April 2026, James Dickson sold 1,172,029 Ordinary Shares at a price of 60 pence (the "Sale").
Mr Dickson controls Tarncourt Investments LLP and has also notified the Company of the transfer of 1,766,665 shares held by Tarncourt Investments LLP into his own name by way of an off-market transfer at a price of 60 pence per Ordinary Share on 13 April 2026. On the same day, the Company was also notified that Tarncourt Properties Ltd, (which is also controlled by Mr Dickson) transferred 4,166,667 Ordinary Shares to Tarncourt Capital Ltd (also controlled by Mr Dickson) by way of an off-market transfer at a price of 60 pence per Ordinary Share (together, the "Transfers").
Updates to Concert Party
The Company also provides an update on changes to the shareholder concert party established at the time of admission to the AIM on 7 January 2020 ("Admission").
At the time of Admission, the Company confirmed, following consultation with the Panel Executive, that several members of the Dickson Family and certain early shareholders in the Company were presumed to be acting in concert (the "Concert Party") by virtue of their long-standing business and/or personal relationships with members of the Dickson family. On Admission, the Concert Party was interested in 67.1 per cent. of the Company's issued share capital.
Following recent consultation with the Panel, the Company has now agreed with the Panel that Alan Halsall, Mark Lewis and Richard Burrell are no longer considered to be members of the Concert Party as a result of changes in the nature of the relationships with the Dickson Family. The remaining members of the Concert Party hold, in aggregate, 95,082,019 Ordinary Shares, representing approximately 53.3 per cent. of the Company's issued share capital.
Following this change, the members of the Concert Party hold shares carrying more than 50% of the voting rights of the Company and (for so long as they continue to be acting in concert) no obligation to make an offer under Rule 9 will normally arise from acquisitions of interests in shares carrying voting rights by any member of the concert party.
Accordingly, following the Purchase, Transfers and Sale set out above, together with the changes to the composition of the Concert Party set out above, the resulting interests of members of the Concert Party are as follows:
| Director/PDMR | Number of Ordinary Shares | % of Issued Share Capital | |
| Charles Dickson | Chief Executive Officer | 41,442,766 | 23.3% |
| Tarncourt Group | Company which is owned and controlled by Charles Dickson | 10,833,334 | 6.1% |
| James Dickson | Member of the Concert Party | 8,952,969 | 5.0% |
| Davina Dickson | Member of the Concert Party | 21,567,167 | 12.1% |
| David Holdsworth | Member of the Concert Party | 11,119,118 | 6.2% |
| Apache Capital Partners | Member of the Concert Party | 1,166,665 | 0.7% |
| Total | 95,082,019 | 53.3% | |
| 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 | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Charles Dickson 2. Tarncourt Investments LLP 3. Tarncourt Properties Ltd | |
| 2 | Reason for the notification | ||
| a) | Position/status | 1. Chief Executive Officer 2. Part of the Tarncourt Group of companies which is owned and controlled by Charles Dickson 3. Part of the Tarncourt Group of companies which is owned and controlled by Charles Dickson | |
| 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 | 1. Purchase of shares 2. Transfer of shares from Tarncourt Investments LLP to Charles Dickson 3. Transfer of shares from Tarncourt Properties Ltd to Tarncourt Capital Ltd | |
| c) | Price(s) and volume(s) | Price(s) 1. 61 pence 2. 60 pence 3. 60 pence Volume(s) 1. 1,150,000 2. 1,766,665 3. 4,166,667 | |
| d) | Aggregated information - Aggregated volume - Price | 7,083,332 60.2 pence | |
| e) | Date of the transaction | 1. 13 April 2026 2. 13 April 2026 3. 13 April 2026 | |
| f) | Place of the transaction | 1. London Stock Exchange 2. Outside a trading venue 3. Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.