Highlights

• Roebuck Food Group sold Wholly Owned Subsidiary Foro Food Solutions for total consideration of £0.27 million.

• The deal combines a £0.13m intercompany Loan settlement with a £0.14m Debt assignment, lowering group indebtedness.

• Foro generated turnover of £1.46m and EBITDA of £0.03m in the six months to June 2026.

• The disposal frees Capital and management time for GlasPort Bio and GlasPort Rumen Tech, Roebuck's methane-reduction investments.

Roebuck Food Group (LSE:RFG) has cut another cord to its food-distribution past. On 9 November 2026, the AIM-quoted group said it had sold Foro Food Solutions Limited, a food sourcing and distribution specialist, in a small deal that trims debt and tightens its pivot towards methane-reduction technology.

Foro Food Solutions sale lowers group debt

The headline consideration is modest at £0.27 million. It is made up of a £0.13 million settlement of an intercompany loan and a £0.14 million assignment of debt, and group indebtedness falls by the same £0.27 million. For the six months ended 30 June 2026, Foro reported turnover of £1.46 million and EBITDA of £0.03 million, a thin Margin for a Business that no longer fits the group's direction.

From food distribution to methane reduction

Roebuck has been reshaping itself since its Investment in GlasPort Bio on 7 February 2025, and the company now describes itself as primarily focused on methane-reduction technologies. It holds a 37.31% interest in GlasPort Bio, developer of the GasAbate manure additive, and 16% of GlasPort Rumen Tech, creator of the RumenGlas feed additive candidate. A Call Option allowing Roebuck to lift its GlasPort Bio stake to 82.3% became exercisable from 7 August 2026.

Foro and Moorhead & McGavin, a plant-based ingredient distributor, formed the group's legacy Plant-Based Ingredient Division. Both were earmarked for divestment, and the Shareholder circular posted on 6 November described the Foro process as being at an advanced stage. The sale now closes that chapter.

A €9m fundraise awaits a shareholder vote

The disposal lands alongside a larger capital event. Roebuck (LSE:RFG) has conditionally raised approximately €9,000,434 gross through a placing of 62,291,018 new shares and a subscription for 21,022,999 new shares, all at 9p, with J&E Davy as bookrunner. The circular states the issue results in a 45.17% dilution of existing shareholders.

Net proceeds are earmarked for GlasPort Bio and GlasPort Rumen Tech, including an unsecured €1 million loan to GlasPort Bio at the ECB Base Rate plus 2%, treated as a related-party transaction under AIM Rule 13. Trading in the shares was suspended from 2 November and resumed at 8:00am on 6 November.

Risks for AIM stocks in transition

The fundraise depends on resolutions passing at the extraordinary general meeting. Existing holders face material dilution once the new shares are issued. The Moorhead & McGavin disposal had not been reported as completed by the time of this announcement. The core investments are early-stage agricultural technologies, so commercial uptake and further funding needs remain live issues for a company of this size on the UK stock market.

What investors may watch next

The EGM is scheduled for 9:00am on Monday 30 November 2026 in Dublin, and dealings in the new shares are expected to begin at 8:00am on 1 December 2026. Beyond those dates, attention is likely to turn to any update on Moorhead & McGavin, a decision on the GlasPort Bio call option and progress in deploying GasAbate.

A leaner Roebuck takes shape

The Foro sale is small in money terms but meaningful in direction. With debt trimmed and one legacy business gone, LSE:RFG is moving closer to being a focused methane-reduction investor among LSE stocks.