RentGuarantor Holdings PLC Appointment of Independent Non-Executive Director (7536O)

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RNS Number : 7536O

RentGuarantor Holdings PLC

02 February 2023

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2 February 2023

RentGuarantor Holdings PLC

(the "Company" or "RentGuarantor")

Appointment of Independent Non-Executive Director

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 the appointment of Peter Keith Coleman to the Board as an Independent Non-Executive Director as of 1 February.

Peter's background includes almost 10 years in the mortgage brokerage industry and over 25 years in IT consultancy. He has worked with some well-known international companies, government departments, and smaller family businesses. Peter was awarded an MBE for IT services to the Foreign and Commonwealth Office in 1991.

Paul Foy, CEO of RentGuarantor , commented: "I am pleased to announce the appointment of Peter Coleman to the Board of Rent Guarantor Holdings PLC. Peter comes with a wealth of knowledge within our sector and has been a consultant to the Company for many years advising on the build, test and rollout of our platform. Peter will support the Board in delivering a very robust business plan during 2023 and beyond."

The following information is disclosed pursuant to rule 4.9 of the AQSE Growth Market Access Rulebook.

 
 Current Directorships/partnerships 
 
 N/A 
 
 Previous Directorships/partnerships 
 
 RentGuarantor Limited 
 Exclamation Mark Training Ltd 
 PKC Consultancy Ltd 
 C3 Training Limited 
 Gravcap-12-Col LLP

Peter Keith Coleman holds 225,000 ordinary shares in the Company.

Except as set out above, there is no further information regarding Peter Keith Coleman that is required to be disclosed pursuant to rule 4.9 of the AQSE Growth Market Access Rulebook.

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

+44 20 3772 0021

Optiva Securities Limited (Broker)

Vishal Balasingham

+44 203 411 1881

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.

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