Announcement PDF RNS Number : 7069J RentGuarantor Holdings PLC 18 August 2023 18 August 2023 RentGuarantor Holdings PLC (the "Company" or "RentGuarantor") Issue of Convertible Loan Notes RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socioeconomic spectrum wishing to rent property in the UK private rental sector, is pleased to announce that a total of £200,000 has been raised through the issue of 6% coupon unsecured convertible loan notes 2022 (the "Notes"). Paul Foy, CEO of RentGuarantor, has subscribed to Notes in an amount of £50,000. The Board is satisfied that the amount raised is sufficient for the Company's current requirements. Interest on the Notes accrues yearly at 6%. Such interest to be paid on the first year anniversary of the deed entered into by the Company on 16 August 2023 (the "Deed"). The Company may convert the principal sum into fully paid Ordinary Shares at the lower of the share price of the Ordinary Shares of the Company on the day falling 10 business days after the service of a conversion notice (such notice to be served no later than 15 August 2024) (the "Conversion Date") and the average price of the Ordinary Shares traded on the Aquis Stock Exchange (or other applicable stock exchange) when calculated across the sixty consecutive days prior to the Conversion Date. The Notes, if not converted, are to be redeemed at the principal amount together with a redemption premium of £0.10 for every £1 of the principal amount, and pro rata for any larger or smaller amount on the first anniversary of the Deed. The proceeds of all subscriptions for the Notes will be used to fund the Company's current working capital and capital expenditure requirements. The directors of RentGuarantor accept responsibility for this announcement. **ENDS** For further information please contact: RentGuarantor Holdings PLC Paul Foy, Chief Executive Officer +44 207 193 4418 Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser) Nick Michaels/Maya Klein Wassink +44 20 3772 0021 Zeus (Joint Broker) Simon Johnson (Corporate Broking) James Hornigold (Investment Banking) +44 203 829 5000 Oberon Capital (Joint Broker) Mike Seabrook Nick Lovering +44 (0) 203 179 5300 BlytheRay (Financial PR) Tim Blythe Megan Ray +44 207 138 3204 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"). The rent guarantee service is an online service where applications can be managed on a secure and bespoke digital platform designed and built by RentGuarantor. RentGuarantor supplies its service to the whole of market - students, employed, and people on benefits including Universal Credit. Local authorities have a legal obligation under housing and other property related Acts of Parliament to provide tenants with a home and this is mostly achieved by paying for the tenant to reside in a PRS property. Local authorities use the guarantee service as they cannot become a guarantor. RentGuarantor's risk from rent guarantees is fully underwritten by Lloyds of London. The Company's strategy is to strengthen its senior and middle management team and grow revenue in accordance with its business model. RentGuarantor sees the PRS continuing to grow with affordability to buy, coupled with lifestyle choices being the key drivers over the next 3-5 years. RentGuarantor will rollout additional services that complement RentGuarantor's proposition, which will deliver additional revenue, and cement RentGuarantor as the leading rental guarantor company in the UK. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. 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. END NEXPRMBTMTBBTRJ