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RentGuarantor Holdings PLC announced that all resolutions passed at its General Meeting on June 6, 2025, including a share sub-division. This action will convert each existing ordinary share of £1 into ten new ordinary shares of 10 pence each, with a record date of 6:00 p.m. on June 10, 2025, and admission to trading on AQSE at 8:00 a.m. on June 11, 2025. Upon completion of the sub-division, the Company's issued share capital will comprise 118,791,740 New Ordinary Shares, representing the total voting rights.
| Date | 6 Jun 2025 |
| Time | 11:30:00 |
| Category | Miscellaneous |
| ID | 8331L |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
6 June 2025
RentGuarantor Holdings PLC
(the "Company" or "RentGuarantor")
Result of General Meeting
Sub-Division of Shares
Update on 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 UK private rental sector, is pleased to announce that at the Company's General Meeting, which was held earlier today (the "GM"), all resolutions were duly passed. The full voting results will be published on the Company's website.
Sub-Division of Shares
Following the approval at the GM of the resolution for the sub-division of the Company's shares, each existing ordinary share of £1 each will be sub-divided into ten new ordinary shares of 10 pence each ("New Ordinary Shares") (the "Share Sub-Division").
The latest timetable for the Share Sub-Division is as follows:
|
Record Date for the Share Sub-Division |
6.00 p.m. on 10 June 2025 |
|
Date on which New Ordinary Shares will be admitted to trading on AQSE |
8.00 a.m. on 11 June 2025 |
|
Expected date on which CREST accounts credited with New Ordinary Shares |
11 June 2025 |
|
Expected date by which definitive new share certificates are to be despatched |
Week commencing 16 June 2025 |
The ISIN of the New Ordinary Shares is GB00BSVJ8W91.
Total Voting Rights
On completion of the Share Sub-Division, the issued share capital of the Company will comprise 118,791,740 New Ordinary Shares with one voting right per share. The Company will not hold any New Ordinary Shares in treasury. The total number of New Ordinary Shares and voting rights in the Company will therefore be 118,791,740.
This figure may be used by shareholders in the Company 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.
Update on Subscription
Further to the announcement of 13 May 2025 (the "Announcement"), the Company now anticipates the result of its Subscription will be determined on or around Wednesday 11 June 2025. Following the passing of the resolutions at the GM, the Subscription Shares issued will be for New Ordinary Shares. The Company will provide a further update on the result of its Subscription in due course. (All definitions as set out in the Announcement unless separately defined).
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 UK from the Private Rental Sector ("PRS"). It is an online service where applications are managed on a secure and bespoke digital platform designed and built by the Company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor completing the application on the same day.