The Barkby Group PLC (GB:ROAD) has released an update.
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The Barkby Group PLC’s subsidiary, Roadside Real Estate plc, has reached an agreement to sell a portion of its shares in Cambridge Sleep Sciences (CSS) for £8.5 million to CGV Ventures 1 Ltd., aiming to reduce company debt. Additionally, a contingent payment of £1.5 million is based on future CSS’s smart pillow dispatches. This strategic move results in Roadside’s shareholding in CSS dropping below 50%, thereby prompting the company to reclassify its remaining stake as an investment.
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