REG - Electric Guitar PLC - Admission Document & Cancellation Date

Electric GuitarAnnouncement

16/04/2024 17:00

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RNS Number : 8589K  Electric Guitar PLC  16 April 2024

16 April 2024

 

Electric Guitar plc

("Electric Guitar" or the "Company")

 

Publication of Admission Document and notice of cancellation from the Official
List and Main Market

 

On 13 March 2024, the Company provided notice of its intention to cancel its
listing on the Official List and trading on the Main Market of the London
Stock Exchange in anticipation of its proposed acquisition and admission to
trading on AIM.  On 15 April 2024, the Company announced details of, inter
alia, its proposed acquisition of 3radical Limited, fundraising and
application for admission to trading on AIM (the "Proposals").  The Proposals
are conditional on shareholder approval of resolutions to be proposed at a
General Meeting on 1 May 2024 and if approved, it is expected that the
acquisition and fundraising will complete and admission to AIM will take
effect on 3 May 2024.  The Company has received irrevocable commitments from
directors and other shareholders to vote in favour of the resolutions to
approve the Proposals in respect of approximately 43 per cent of the Company's
shares.

 

The Company advises that it has published its AIM Admission Document with
details of the Proposals and a notice of General Meeting, which is now
available on the Company's website at www.electricguitarplc.com
(http://www.electricguitarplc.com) , and has made application to the London
Stock Exchange for admission of its ordinary shares of 0.5p each ("Ordinary
Shares") to trading on AIM.  In view of the expected admission to trading on
AIM and conditions of the associated fundraising, the Board of Electric Guitar
has withdrawn its request to lift the suspension of the listing of the
Ordinary Shares on the Official List and accordingly, the Company's Ordinary
Shares will remain suspended until the proposed listing cancellation date of 3
May 2024. It is expected that, subject to, inter alia, shareholder approval of
the Proposals, the Ordinary Shares will commence trading on the AIM Market on
or around 08.00 a.m. on 3 May 2024.

 

For further information:

 

 Electric Guitar PLC

John Hutchinson                         01189 570 444

 Chair

 Allenby Capital                        020 3328 5656

 (Nominated Adviser and Joint Broker)

 Jeremy Porter

 Piers Shimwell

 Dan Dearden-Williams

 Axis Capital Markets                   020 3026 0320

 (Joint Broker)

 Richard Hutchison

 Yellow Jersey PR                       020 3004 9512

 Sarah Hollins                          electric@yellowjerseypr.com

                   (https://appriver3651008983.sharepoint.com/sites/CompanyData/Shared%20Documents/Corporate%20Finance/Mandated%20Transactions/Electric%20Guitar/Announcements/electric@yellowjerseypr.com)
 Annabelle Wills

 Bessie Elliot

 

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