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Proposed Subscription

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RentGuarantor proposes to raise £2m through subscription of 800,000 shares at 250p per share.

  • Funds to be raised up to £2,000,000
  • Number of shares up to 800,000 Ordinary Shares
  • Subscription price 250p per Ordinary Share
Full announcement

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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SUBSCRIPTION SHARES OF RENTGUARANTOR HOLDINGS PLC. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE APPENDIX TITLED 'IMPORTANT NOTICES'.

RentGuarantor Holdings PLC

(the "Company" or "RentGuarantor")

Proposed Subscription

The Board of 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, announces it is proposing to raise up to £2,000,000 by way of an issue of up to 800,000 new Ordinary shares of £1 each ("Ordinary Shares") at a price of 250p per Ordinary Share ("Subscription Shares") by way of subscriptions (the "Subscription").

The net funds raised through the Subscription are proposed to be utilised to fund the expansion of the Company's business over the forthcoming year, principally in terms of the hiring of additional staff and marketing activities, as well as the provision of general working capital and being applied towards the costs associated with the Company's intended move of the public quotation for trading in its ordinary shares to AIM.

The Subscription Share issue will be made on a non-pre-emptive basis under the terms of the Board's authority confirmed at the last AGM. Any eligible shareholder, however, who may wish to subscribe for Ordinary Shares in the issue may express an interest to the Company by emailing: investors@rentguarantor.com.

The Subscription is planned to close on 6 June 2025 and a further announcement in relation to its results is expected to be made on or before that date, which will include details of the application to be made for the Subscription Shares to be admitted to trading on the AQSE Growth Market ("Admission"). Should the proposed sub-division of the Company's Ordinary Shares by approved at the General Metting to be held on 6 June 2025, the Subscription Shares will be adjusted accordingly to reflect the change in nominal value of the Ordinary Shares.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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