Roadside Real Estate PLC
13 August 2026
13 August 2026
Roadside Real Estate PLC
("Roadside", the "Company" or the "Group")
Intention to deal
Roadside (AIM: ROAD), the UK energy forecourt real estate business, announces that Tarncourt Investments LLP, an entity controlled by Charles Dickson (or “Mr Dickson”), Chief Executive Officer of Roadside, intends to purchase of an aggregate of 18,666,666 ordinary shares from Davina Dickson and James Dickson (the “Purchase”). Each of Davina Dickson and James Dickson has signed an orderly market agreement with Cavendish Capital Markets Limited and Shore Capital Stockbrokers Limited in regard to the balance of Ordinary Shares each stands to hold following the Purchase.
Updates to Concert Party
At the time of Admission, the Company confirmed, following consultation with the Panel on Takeovers and Mergers (the “Panel Executive”), that several members of the Dickson Family and certain early shareholders in the Company were presumed to be acting in concert by virtue of their long-standing business and/or personal relationships with members of the Dickson family, and were, in aggregate, interested in 67.1 per cent. of the Company’s issued share capital.
On 16 April 2026, the Company announced an update to this group, and that it had agreed with the Panel Executive that Alan Halsall, Mark Lewis and Richard Burrell were no longer considered to be acting in concert as a result of changes in the nature of their relationships with the Dickson Family. As a result, the remaining persons acting in concert (the “Concert Party”) held, in aggregate, 95,082,019 Ordinary Shares, representing approximately 53.3 per cent. of the Company's issued share capital.
Following the Purchase, the members of the Concert Party would continue to 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 set out above, the resulting interests of members of the Concert Party would be as follows:
|
Director/PDMR |
|
Number of Ordinary Shares |
% of Issued Share Capital |
|
Charles Dickson |
Chief Executive Officer |
41,977,766 |
23.6% |
|
Tarncourt Capital Ltd |
Company which is owned and controlled by Charles Dickson |
29,500,000 |
16.6% |
|
James Dickson |
Member of the Concert Party |
3,352,969 |
1.9% |
|
Davina Dickson |
Member of the Concert Party |
8,500,001 |
4.8% |
|
David Holdsworth |
Member of the Concert Party |
11,119,118 |
6.2% |
|
Total |
94,450,354 |
53.0% |
|
|
Enquiries Roadside Real Estate PLC Steve Carson, Chairman Charles Dickson, Chief Executive Officer Douglas Benzie, Chief Financial Officer c/o Montfort |
|
|
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 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.