Business
Proposed Subscription
Proposed Subscription.
About this update from Rentguarantor Holdings Plc
[{"type":"text","content":"\n\n\n \nTHIS 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 THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW.\n \nTHIS 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'.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310\n \n13 May 2025\nRentGuarantor Holdings PLC\n \n(the \"Company\" or \"RentGuarantor\")\n \nProposed Subscription\n \nThe 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\").\n \nThe 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.\n \nThe 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 ...