Result of placing
RentGuarantor Holdings PLC announced the successful completion of a placing, raising £1.0 million before expenses through the issuance of 3,448,276 new ordinary shares at 29 pence per share. Additionally, 6,896,551 existing shares were sold at the same price. Following the admission of the new shares on June 26, 2026, the company's total issued share capital will be 148,792,459 ordinary shares. Southpaw Limited, associated with the CEO, sold its existing shares and will hold 19.4% of the enlarged share capital.
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RentGuarantor (AIM: RGG), a leading provider of rent guarantee services, which includes property protection, to tenants and landlords in the UK1 private rental sector, is pleased to announce that, further to the announcement made on 19 June 2026 regarding the Placing (the "Launch Announcement"), £1.0 million has been raised for the Company (before expenses) through the placing of 3,448,276 New Placing Shares at a price of 29 pence (the "Placing Price") per Ordinary Share. Additionally, 6,896,551 Existing Placing Shares have been sold at the Placing Price via the Sale.
Capitalised terms used in this announcement (the "Announcement") have the meanings given to them in the Launch Announcement, unless the context provides otherwise.
Cavendish Capital Markets Limited and Shore Capital acted as joint bookrunners in relation to the Placing.
Director, PDMR and Substantial Shareholder transactions in connection with the Placing
Further to the Launch Announcement, Southpaw Limited* (the "Selling Shareholder") has sold 6,896,551 Existing Placing Shares at the Placing Price as part of the Placing.
Following Admission and completion of the Placing, Southpaw Limited's shareholding in the Company will be 28,864,149 Ordinary Shares representing 19.4 per cent. of the as enlarged issued share capital of the Company.
Admission & Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of the New Placing Shares to trading on AIM and it is expected that Admission will occur at 8.00 a.m. on 26 June 2026.
The New Placing Shares, when issued, will be issued and credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the Admission of those Ordinary Shares and will otherwise rank from Admission pari passu in all respects with each other and with the existing Ordinary Shares in the capital of the Company including the right to receive all dividends and other distributions declared, made or paid in respect of such Placing Shares after the date of their admission to trading on AIM.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 148,792,459 with each Ordinary Share carrying the right to one vote. There are no shares held in treasury and therefore, following Admission, the total number of voting rights in the Company will be 148,792,459.
From Admission, the above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure, Guidance and Transparency Rules.
*Paul Foy (Founder and Chief Executive Officer) is a director of and the owner and ultimate beneficiary of Southpaw Limited which held a 24.60% interest in the Company prior to the Placing.
| a) | Name | Southpaw Ltd | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Southpaw Ltd is a person closely associated with PDMR Paul Foy (Chief Executive Officer) | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| a) | Name | RentGuarantor Holdings Plc | ||||
| b) | LEI | 2138003DCB4A9L6GVK13 | ||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 10 pence each | ||||
| Identification code | ISIN: GB00BSVJ8W91 | |||||
| b) | Nature of the transaction | Sale of existing Ordinary Shares | ||||
| b) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | 6,896,551 29p | ||||
| e) | Date of the transaction | 19 June 2026 | ||||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.