Business
Result of Placing and Subscription
Roadside Real Estate PLC has successfully raised gross proceeds of approximately £20.75 million through a placing and subscription of new ordinary shares at 60.0 pence per share, representing a 14.3% discount to the previous day's closing price. These funds will be used to acquire Gardner Retail, with completion expected by February 25, 2026. The CEO, Charles Dickson, and his associated entity, Tarncourt Capital Ltd, participated in the fundraising, subscribing for 8,333,333 shares in total. Following admission of the new shares, expected on February 23, 2026, the total issued ordinary share capital will be 178,261,137 shares. Disclaimer*
About this update from Roadside Real Estate Plc
[{"type":"text","content":"\n\n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER, THIS \"ANNOUNCEMENT\") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (AS AMENDED) (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n17 February 2026\n \nRoadside Real Estate PLC\n(\"Roadside\", the \"Company\" or the \"Group\")\nResult of Placing and Subscription\n \nRoadside (AIM: ROAD) is pleased to announce that further to the announcement made earlier today (the \"Launch Announcement\"), the Accelerated Bookbuild has now closed, and the Company has raised gross proceeds of approximately £20.75 million (before expenses), in aggregate, through the successful Placing of 26,250,000 Placing Shares to new and existing investors, and Subscription by certain of the directors of the Company for 8,333,333 Subscription Shares, at the Issue Price of 60.0 pence per new Ordinary Share.\nThe Group will use the net proceeds of the Fundraising to fund the acquisition of the entire share capital of Gardner Retail, pursuant to the Gardner Retail SPA, as previously announced on 24 December 2025.\nThe Issue Price of 60.0 pence per share, represents a discount of approximately 14.3 per cent. to the closing mid-market price of 70.0 pence on 16 February 2026, being the last business day prior to the announcement of the Fundraising.\nThe Fundraising has been carried out pursuant to the Company's existing shareholder authorities granted at the Company's 2025 Annual General Meeting.\nCompletion of the Gardner Retail Acquisition is subject to the satisfaction or waiver of conditions typical for a transaction of this nature, including the receipt of certain third-party change of control consents and the warranties in the Gardner Retail SP...