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Rent.com.au Ltd Announces Rights Issue for Eligible Shareholders

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Rent.com.au Ltd Announces Rights Issue for Eligible Shareholders

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Rent.com.au Ltd ( (AU:RNT) ) has shared an update.

Rent.com.au Ltd has announced a non-renounceable pro-rata rights issue for its shareholders in Australia and New Zealand, offering one new share for every eight shares held at a price of $0.025 per share. The offer is not extended to shareholders outside these regions due to the cost and legal complexities involved, impacting those shareholders’ ability to participate.

More about Rent.com.au Ltd

Rent.com.au Ltd operates within the real estate industry, focusing on providing rental property listings and related services primarily in Australia. The company targets renters and landlords, offering a platform to facilitate rental transactions and property management.

Average Trading Volume: 970,716

Technical Sentiment Signal: Buy

Current Market Cap: A$23.88M

See more insights into RNT stock on TipRanks’ Stock Analysis page.

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