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LONDON - RentGuarantor Holdings PLC (AQSE:RGG), a UK rent guarantee service provider, announced today its intention to sub-divide its ordinary shares. The decision comes as part of preparations for the company’s anticipated move from the AQSE Growth Market to AIM, a market operated by the London Stock Exchange (LON:LSEG).
The proposed share sub-division will see each existing ordinary share of £1 divided into ten new ordinary shares of 10 pence each. This action is expected to improve the liquidity of the shares and make them more appealing to institutional investors. The Board believes this will assist in achieving a more consistent company valuation.
A General Meeting is scheduled for June 6, 2025, to seek shareholder approval for the sub-division. Shareholders will retain the same proportion of issued share capital post sub-division, barring any exercise of Convertible Loan Notes. The rights associated with the new ordinary shares will mirror those of the existing ones, including voting and dividend rights.
Following the proposed sub-division, the company’s issued share capital is expected to consist of 118,791,740 new ordinary shares. If approved, the new ordinary shares will begin trading on the AQSE on June 9, 2025, with new share certificates anticipated to be dispatched in the week commencing June 16, 2025. The new ISIN code for the 10 pence ordinary shares will be GB00BSVJ8W91.
This move is part of RentGuarantor’s strategy to expand its shareholder base and enhance its public profile as it transitions to a larger market with potentially more visibility and trading volume. The information is based on a press release statement from the company.
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