The Barkby Group PLC (GB:ROAD) has released an update.
Roadside Real Estate PLC has announced the sale of 1,000 shares of its subsidiary, Cambridge Sleep Sciences (CSS), to CGV Ventures 1 Ltd. for £8.5 million, indicating a substantial increase in the value of the company’s remaining shares in CSS. The proceeds are intended to reduce the company’s debt, with additional contingent consideration of £1.5 million based on future CSS product dispatches. Furthermore, Roadside has agreed to a modification in the 2026 Loan Notes agreement, allowing Loan Note holders to receive CSS shares instead of cash as a bonus, resulting in Roadside’s ownership in CSS decreasing to 47.8%.
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