Subscription

RentGuarantor Holdings PLC

29 May 2024

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

29 May 2024

RentGuarantor Holdings PLC

(the "Company" or "RentGuarantor")

Subscription

RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socio-economic spectrum wishing to rent property in the UK private rental sector, is pleased to announce that another investor has participated in the subscription announced on 6 March 2024.

RentGuarantor has raised further gross proceeds of £24,999.76 through the subscription of 9,124 new ordinary shares ("Subscription Shares") at the full market price of £2.74 per share under existing unspent share authorities.

Application has been made for the Subscription Shares to be admitted to trading on the Aquis Stock Exchange Growth Market on or around 3 June 2024 ("Admission") and the Subscription Shares will rank pari passu with the ordinary shares of the Company in issue.

On Admission the Company will have 11,879,174 ordinary shares in issue, each ordinary share with one voting right. This number should be used by shareholders as the denominator for the calculation by which shareholders will determine if they are required to notify their interest in, or a change to their interest in the Company.

Ends

For further information please contact: 

RentGuarantor Holdings PLC

Paul Foy, Chief Executive Officer                                                                                          

[phone] 

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Nick Michaels

Maya Klein Wassink                                                                                                               

[phone]

Zeus (Joint Broker)

Simon Johnson (Corporate Broking)

James Hornigold (Investment Banking)

[phone]

Oberon Capital (Joint Broker)

Mike Seabrook

Nick Lovering

[phone]

BlytheRay (Financial PR)

Tim Blythe

 Megan Ray

[phone]

About RentGuarantor

RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the UK from the Private Rental Sector ("PRS"). It is an online service where applications are managed on a secure and bespoke digital platform designed and built by the Company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor completing the application on the same day.

RentGuarantor supplies its service to the whole of the market - students, both from the UK and overseas, employed people and people on benefits including Universal Credit, ensuring that everyone has the opportunity to live in their dream rental home.

 

END