RentGuarantor Hldgs - Proposed Subscription
Announcement provided by
RentGuarantor Holdings PLC · RGG13/05/2025 07:00

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM
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'.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
13 May 2025
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
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.
For more information, please contact:
RentGuarantor Holdings PLC Paul Foy, Chief Executive Officer
|
+44 (0) 20 7193 4418 |
Allenby Capital Limited - AQSE Corporate Adviser Nick Harriss/Alex Brearley/Ashur Joseph - Corporate Finance
|
+44 (0) 20 3328 5656 |
About RentGuarantor
RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the
Important Notices:
The content of this announcement does not constitute a Financial Promotion within the meaning of the Financial Services and Markets Act 2000 (as amended) ('FSMA'). The Subscription will be exempt from the general restriction (in section 21 of FSMA) relating to communications of invitations or inducements to engage in investment activity on the ground that it is made in accordance with Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ('the Order') to parties who are or who are reasonably believed to be members of the Company or it is made to a person to whom it would otherwise be lawful to offer a participation in and communicate with in connection with the Subscription. If you are in any doubt about the investment to which this promotion relates, you should consult an authorised person specialising in advising on investments of the kind in question. IF YOU DO NOT FALL WITHIN AN EXEMPTION UNDER THE ORDER, THEN YOU MAY NOT PARTICIPATE IN THE SUBSCRIPTION.
This announcement is for information purposes only and does not constitute or form any part of an offer to sell or issue, or a solicitation of an offer to buy, subscribe for or otherwise acquire any securities in the united states (including its territories and possessions, any state of the united states and the
No offering document or prospectus will be made available in any jurisdiction in connection with the matters contained or referred to in this announcement or the Subscription and no such prospectus is required to be published.
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. No offering document or prospectus will be made available in any jurisdiction in connection with the matters contained or referred to in this announcement or the Subscription and no such prospectus is required to be published.
This announcement does not constitute a recommendation concerning any investor's options with respect to the Subscription. Recipients of this announcement should conduct their own investigation, evaluation and analysis of the business, data and other information described in this announcement. This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Subscription Shares. The price and value of securities can go down as well as up and investors may not get back the full amount invested upon the disposal of the shares. Past performance is not a guide to future performance. The contents of this announcement are not to be construed as legal, business, financial or tax advice. Each investor or prospective investor should consult his or her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, business, financial or tax advice.
All offers of the Subscription Shares will be made pursuant to an exemption under the
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.