Receipt of Proceeds from Second Tranche Put Option
Roadside Real Estate PLC has received £14 million in cash proceeds from CGV Ventures 1 Ltd following the exercise of a Put Option Agreement for the second tranche of its shareholding in Cambridge Sleep Sciences, which will be used to fund the acquisition of Hoch Group Ltd. The company retains the option to sell its remaining interest in Cambridge Sleep Sciences between September 1, 2027, and September 30, 2027, for up to an additional £20 million.
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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.
| Montfort Ann-marie Wilkinson Alex Everett | +44 (0)7730 623815 +44 (0)7780 431533 |
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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 |
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