An unknow buyer signed an agreement to acquire On-Grid Lighting Asset from Saferoads Holdings Limited (ASX:SRH) on December 29, 2020. Sale will yield approximately AUD 1 million in gross proceeds and will be based on the current book values of the assets to be disposed of. The final sale price will be determined on the completion of a stock take in January, with an initial AUD 0.8 million payment at that time. The remaining balance is to be received three months later. The funds generated from this sale will assist financially in particular with the expansion of the Road Safety Rental business and the establishment of a new branch based in New South Wales.