Receipt of Proceeds from Second Tranche Put Option

Summary by AI BETAClose X

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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