Redemption of Convertible Loan Notes
RentGuarantor Holdings PLC announced the redemption of £120,000 principal value of its 2025 Convertible Loan Notes. The notes, bearing a 10% interest rate and originally issued in November 2024 and January 2025 with a final repayment date of November 18, 2026, have been fully redeemed using the company's cash resources and subsequently cancelled. The redeemed notes were held by Southpaw Limited (£80,000), Caroline Dixon (£20,000), and the company's Chief Operating Officer, Emma Foy (£20,000). With this redemption, there are no further convertible loan notes remaining in the 2025 Convertible Loan Note series.
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RentGuarantor (AIM: RGG), a provider of rent guarantee services to prospective tenants across the socio-economic spectrum wishing to rent property in the UK1 private rental sector, announces that the Company has redeemed a principal value of £120,000 of the Company's outstanding convertible loan notes, whose issue was originally announced on 18 November 2024 and 8 January 2025 (the "2025 Convertible Loan Notes").
These 2025 Convertible Loan Notes have been redeemed in full, from the Company's cash resources, under their existing terms and are now cancelled and there are now no further convertible loan notes remaining in that 2025 Convertible Loan Note series. The 2025 Convertible Loan Notes had 10% interest and a final repayment date of 18 November 2026.
The 2025 Convertible Loan Notes redeemed were held by Southpaw Limited* (£80,000), Caroline Dixon* (£20,000) and the Company's Chief Operating Officer Emma Foy (£20,000).
* Paul Foy, the Company's Chief Executive Officer, is a director of and the owner and ultimate beneficiary of Southpaw Limited which is also a substantial shareholder in the Company. Caroline Dixon is the partner of Paul Foy.
To engage with this announcement on our Investor Hub, please use the following link: https://investorhub.rentguarantor.com/link/P2zBGP
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.