SPAR agrees to sell UK business assets to A.F. Blakemore for GBP 13 million

• SPAR Group entered an asset purchase agreement to sell its South-West England SPAR license, 71 company-owned stores, and related warehouse and logistics assets to A.F. Blakemore & Son as it exits the UK.
• Closing is expected to take place in stages between June and September 2026, subject to customary conditions such as lease assignments.
• A further 63 UK stores are being sold to third-party operators, with completion targeted by September 2026.
• Gross proceeds from the disposals are estimated at about GBP 13 million, with the net cash outcome expected to be broadly breakeven once transaction, restructuring, and closure costs are included.
• No cash outflow is expected, following a previously recognized EUR 78.5 million impairment tied to the UK business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The SPAR Group Limited published the original content used to generate this news brief via the SENS service, an information dissemination service administered by the JSE Limited ("JSE") (Ref. ID: S521332), on May 18, 2026, and is solely responsible for the information contained therein.