REG - Electric Guitar PLC - Scheduled Suspension of trading on AIM

Electric GuitarAnnouncement

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RNS Number : 2463O  Electric Guitar PLC  25 June 2025

25 June 2025

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Scheduled Suspension of trading on AIM pursuant to Rule 15

 

Trading in the ordinary shares of Electric Guitar PLC (LSE: ELEG) is expected
to be suspended at 07.30 today, 25 June 2025, in accordance with Rule 15 of
the AIM Rules for Companies (the "AIM Rules") and in line with the timetable
previously announced.

 

Electric Guitar plc became an AIM Rule 15 cash shell on 24 December 2024 and,
as such, the Company was required to make an acquisition or acquisitions which
constitute a reverse takeover under AIM Rule 14 (an "RTO") or seek
re-admission to AIM as an investing company (as defined under the AIM Rules)
on or before 24 June 2025.

 

As announced on 18 June 2025 at the time of the Company's successful placing
that raised £775,000 (before expenses) to fund anticipated RTO costs, the
Company is continuing discussions regarding potential RTOs in the energy and
AI sectors. As the deadline for completing an RTO or admission as an investing
company has not been met, Electric Guitar's shares are therefore expected to
be suspended from trading today pursuant to AIM Rule 15.

 

If an RTO or admission as an investing company is not completed by Electric
Guitar by 25 December 2025, the admission of the Company's ordinary shares to
trading on AIM would be cancelled.

 

Further updates will be announced as appropriate.

 

 

 

Contacts:

 

 Electric Guitar PLC                                     info@electricguitarplc.com

 Richard Horwood

 Allenby Capital (Nominated Adviser and Joint Broker)    020 3328 5656

 Jeremy Porter / Piers Shimwell / Dan Dearden-Williams

 Novum Securities (Joint Broker)                         0207 399 9425

 Jon Bellis / Colin Rowbury

 

 

 

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