RentGuarantor Holdings PLC Conversion of Loan Notes (2392C)

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RNS Number : 2392C

RentGuarantor Holdings PLC

10 October 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

10 October 2022

RentGuarantor Holdings PLC

(the "Company" or "RentGuarantor")

Conversion of Loan Notes

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 a holder of the Company's loan notes issued by the Company pursuant to a loan note instrument on 7 June 2022 (the "Loan Notes") has exercised his right to convert his Loan Notes totalling GBP515,616.44 into 312,495 ordinary shares of the Company at a conversion price of GBP1.65 per share.

Following the issue of the new shares, the Company has 11,581,175 ordinary shares of GBP1 each in issue, each carrying the right to one vote.

The above figure of 11,581,175 should 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 Financial Conduct Authority's Disclosure and Transparency Rules.

The directors of RentGuarantor accept responsibility for this announcement.

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For further information please contact:

RentGuarantor Holdings PLC

Paul Foy, Chief Executive Officer

[phone]

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Nick Michaels

[phone]

Optiva Securities Limited (Broker)

Vishal Balasingham

[phone]

BlytheRay (Financial PR)

Tim Blythe, Megan Ray, Madeleine Gordon-Foxwell

[phone]

About RentGuarantor Holdings Plc

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.

RentGuarantor supplies its service to the whole of the market - students, both from the UK and overseas, employed people and people on benefits including Universal Credit, ensuring that everyone has the opportunity to live in their dream rental home.

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October 10, 2022 02:00 ET (06:00 GMT)