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IN BRIEF: RentGuarantor expects move to AIM from AQSE in mid-August

ALN

RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Expects shares to begin trading on London’s AIM on August 15, and proposes the cancellation of shares trading on the Apex segment of the Aquis Stock Exchange also on August 15. Anticipates a market capitalisation of around £34 million upon admission. Explains the decision was made after requests from existing and potential shareholders for improved liquidity.

‘The board intends to take a cautious but considered approach to the group’s long-term strategy and believes that the long-term opportunity for RentGuarantor remains significant, whilst also anticipating further growth for the company in both the short and medium term,’ says RentGuarantor.

Current stock price: 27.50 pence

12-month change: down 90%

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