Australia's Rent.com.au sees best day in 10 months on raising funds to grow rent app

Rent.com.au

13/01/2022 24:21

** Property rental website Rent.com.au  RNT.AX  rises as
much as 30% to A$0.078, their biggest intraday pct jump since
mid-March last year
    ** Says https://investors.rent.com.au/irm/PDF/d58c8257-e1dd-4017-b438-6b0e5c3c3ad7/RNTRaisesFundstoAccelerateRentPay
 it placed 41.7 mln shares at A$0.06 per share to raise A$2.5
mln ($1.82 mln)
    ** Issue price at nil-premium to RNT's last close on Monday,
Jan. 10; RNT was on trading halt since Jan. 10
    ** Adds it will use the funding to accelerate growth of its
rent payment application, RentPay, as well as for marketing of
its core business
    ** RNT hits highest since Nov. 26
    ** More than 3.9 mln shares change hands, vs the 30-day
average of 796,000 shares
    ** RNT down 6.3% this year, as of close on Jan. 10


($1 = 1.3731 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))