REG-Electric Guitar Plc: Appointment and Retirement of Directors

Electric GuitarAnnouncement

09/09/2022 07:45

NOT FOR PUBLICATION OR RELEASE IN OR INTO THE UNITED STATES OR AUSTRALIA,
CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH
AFRICA, OR ANY PROVINCE OR TERRITORY THEREOF OR TO OR FOR THE ACCOUNT OF ANY
NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES OR ANY PERSON RESIDENT IN
AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC
OF SOUTH AFRICA. 

9th September 2022 

ELECTRIC GUITAR PLC

(“Electric Guitar” or the “Company”)

APPOINTMENT AND RETIREMENT OF DIRECTORS

Electric Guitar PLC announces the appointment of Sarfraz Munshi as a Director
of the Company with immediate effect. Mr Munshi represents Sanderson Capital
Partners Limited (“Sanderson”), the largest single shareholder in the
Company with approximately 18% of the issued equity. The Board believes that
the Company would benefit from increased access to deal flow in a very
challenging market by utilising Mr Munshi’s skillsets as Sanderson’s
representative on the Board.

The Company also announces the resignation of Luke McKeever as a Non-Executive
Director of the Company with immediate effect to begin a new full-time role
away from the business. The Board would like to place on record its
appreciation of the effort and expertise Mr McKeever has shown in his time on
the Board. 

Electric Guitar was established in 2021 through the issue of shares to the
founders as a special purpose acquisition vehicle which will seek an
acquisition target in the digital media sector. The Company stated aim at
admission was to act as a consolidator and operator in the digital
advertising market.

The Directors of Electric Guitar Plc accept responsibility for this
announcement.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Electric Guitar PLC
John Hutchinson
Chairman
01189 570444

FORWARD-LOOKING STATEMENTS

This announcement may contain forward-looking statements which reflect the
Company's or, as appropriate, the Directors' current views, interpretations,
beliefs or expectations with respect to the Company's financial performance,
business strategy and plans and objectives of management for future
operations. These statements include forward-looking statements both with
respect to the Company and the sector and industry in which the Company
proposes to operate. Statements which include the words "expects", "intends",
"plans", "believes", "projects", "anticipates", "will", "targets", "aims",
"may", "would", "could", "continue", "estimate", "future", "opportunity",
"potential" or, in each case, their negatives, and similar statements of a
future or forward-looking nature identify forward-looking statements.

All forward-looking statements address matters that involve risks and
uncertainties because they relate to events that may or may not occur in the
future. Forward-looking statements are not guarantees of future performance.
Accordingly, there are or will be important factors that could cause the
Company's actual results, prospects and performance to differ materially from
those indicated in these statements. In addition, even if the Company's actual
results, prospects and performance are consistent with the forward-looking
statements contained in this announcement, those results may not be indicative
of results in subsequent periods 

These forward-looking statements speak only as of the date of this
announcement. Subject to any obligations under the Prospectus Rules, the
Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency
Rules and except as required by the FCA, the London Stock Exchange, the City
Code or applicable law and regulations, the Company undertakes no obligation
publicly to update or review any forward-looking statement, whether as a
result of new information, future developments or otherwise. All subsequent
written and oral forward-looking statements attributable to the Company or
individuals acting on behalf of the Company are expressly qualified in their
entirety by this paragraph. 

The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may be placed for any
purpose on the information contained in this announcement or its accuracy,
fairness or completeness.

Axis Capital Markets Limited, who are authorised and regulated by the
Financial Conduct Authority, are acting only for the Company in connection
with the matters described in this announcement and are not acting for or
advising any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the regulatory
protection afforded to clients of Axis Capital or advice to any other person
in relation to the matters contained herein. 



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