An update from The Barkby Group PLC ( (GB:ROAD) ) is now available.
Roadside Real Estate PLC, trading on AIM under the ticker ROAD, has announced an update regarding its partial stake sale in Cambridge Sleep Sciences (CSS) to CGV Ventures 1 Ltd. The transaction included a £1.5 million contingent consideration, which CSS has met by securing orders for over 25,000 smart pillows, leading to an expected payment in Q2 2025. This will increase the book value of Roadside’s holding in CSS from £41.0 million to £47.8 million, with the funds intended for debt repayment. CSS is also advancing its smart pillow and mattress technology licensing across Europe, North America, and the Middle East, with anticipated orders exceeding 75,000 units. The company’s SleepEngine technology has been clinically proven to enhance sleep quality, bolstering CSS’s growth prospects.
More about The Barkby Group PLC
YTD Price Performance: 1.03%
Average Trading Volume: 82,166
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £42.38M
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