Issue of Shares & Total Voting Rights
RentGuarantor has issued 937,302 new ordinary shares to Southernwood to settle a 5% equity fee arising from its 7 November 2025 fundraising; the 2025 Fundraising raised gross proceeds of c.£2.54m via shares at 12.5p and subsequent warrant exercises (exercise price 17.5p) generated additional gross proceeds of c.£3.56m (c.£3.28m attributable to Southernwood); the equity fee was satisfied by shares at £0.175 each, bringing total ordinary shares to 169,995,795 with Admission expected on or around 6 November 2026, and the 937,302 shares represent approximately 0.55% of the enlarged share capital.
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Issue of Shares
Total Voting Rights
RentGuarantor (AIM: RGG), a leading provider of rent guarantee services, which includes property protection, to tenants and landlords in the UK1 private rental sector, announces that, pursuant to an engagement letter with Southernwood Consulting Limited (“Southernwood”) dated 17 October 2025 (the “2025 Engagement Letter”), in settlement of certain of the fees arising from the Company's fundraising announced on 7 November 2025 (the "2025 Fundraising") it has agreed to issue 937,302 new Ordinary Shares. Southernwood acted as a placing agent in connection with the 2025 Fundraising.
The 2025 Fundraising raised gross proceeds of approximately £2.54 million through the issue of Ordinary Shares at 12.5 pence per share, and was accompanied by associated warrants exercisable at 17.5 pence per share (the “Warrants”). As subsequently announced, all of those Warrants have now been exercised, generating additional gross proceeds of approximately £3.56 million for the Company, of which £3.28 million was attributable to Southernwood.
Under the terms of the Engagement Letter, Southernwood was entitled to a cash fee equivalent to 5% in respect of subscriptions introduced by it at the time of the 2025 Fundraising and a further fee of 5% to be settled in equity on the subsequent exercise of all the Warrants. All fees were agreed at the time of the Fundraising. The fee arising in connection with the exercise of the Warrants is being satisfied through the issue of Ordinary Shares at the warrant exercise price of £0.175 per share, in accordance with the 2025 Engagement Letter.
Accordingly, conditional on Admission, the Company has allotted and issued 937,302 new ordinary shares of 10 pence each (“Ordinary Shares”) to Southernwood in satisfaction of fees, representing the outstanding balance of the fees due under the Engagement Letter.
Admission to Trading & Total Voting Rights
Application has been made for the Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange (“Admission”). It is anticipated that Admission will occur on or around 6 November 2026.
From Admission, the Company's issued Ordinary Share capital will comprise 169,995,795 Ordinary Shares, with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission, the total number of Ordinary Shares and voting rights in the Company will be 169,995,795.
To engage with this announcement on our Investor Hub, please use the following link: https://investorhub.rentguarantor.com/link/epD6oe
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.