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RentGuarantor Holdings PLC ( (GB:RGG) ) has shared an update.
RentGuarantor Holdings PLC has announced the redemption of £120,000 worth of its 2025 Convertible Loan Notes, which were originally issued in late 2024 and early 2025. The redemption, funded by the company’s cash resources, marks the full cancellation of these notes, which carried a 10% interest rate and were due for final repayment in November 2026. This move potentially strengthens the company’s financial position and reflects its commitment to managing its financial obligations effectively.
More about RentGuarantor Holdings PLC
RentGuarantor Holdings PLC operates in the UK private rental sector, providing rent guarantee services to tenants. The company offers an online platform that simplifies the application process, aiming to complete applications on the same day, and currently serves the UK excluding Northern Ireland.
Average Trading Volume: 10,977
Technical Sentiment Signal: Sell
See more insights into RGG stock on TipRanks’ Stock Analysis page.