REG - Electric Guitar PLC - Issue of warrants

Electric GuitarAnnouncement

22/11/2023 15:45

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RNS Number : 3676U  Electric Guitar PLC  22 November 2023

22 November 2023

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Issue of warrants to Directors

 

The Board of Electric Guitar PLC (LSE: ELEG), the Special Purpose Acquisition
Company seeking acquisitions in the digital marketing and advertising industry
as a provider of first-party data solutions, announces that earlier this year
the Directors were issued with warrants over new ordinary shares in the
Company ("Warrants") as set out below.

 

 Director         Number of warrants issued  Total number of warrants now held  % of issued share capital
 John Regan       307,830                    1,846,980                          3.19%
 John Hutchinson  205,991                    1,235,948                          2.14%
 Sarfraz Munshi   205,991                    205,991                            0.36%
 Richard Horwood  205,991                    205,991                            0.36%
 Total            925,803                    3,494,910                          6.04%

 

The FCA notification table as required by the Market Abuse Regulation is
appended below.

 

The Warrants were issued on 24 January 2023 save for those issued to Richard
Horwood, which were issued on 16 May 2023.

 

The Warrants are exercisable at 4.5 pence per share and will vest and become
exercisable in tranches of 20% on each of the first five anniversaries of the
date of their respective issue. Once vested, the Warrants may be exercised at
any time prior to 6pm on the seventh anniversary of the date of their
respective issue.

 

Following the above issue of 925,803 Warrants, the total number of warrants
outstanding is 6,943,534, equating to 12% of the Company's current issued
share capital.

 

For further information:

 Electric Guitar PLC    01189 570 444

 John Hutchinson

 Chair

 Axis Capital Markets  020 3026 0320

 (Corporate Broker)    rh@axcap247.com

 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

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         1)    John Regan

                                                                    2)    John Hutchinson

                                                                    3)    Sarfraz Munshi
 2.    Reason for the Notification
 a)    Position/status                                              1)    Chief Executive Officer

                                                                    2)    Non-executive Chair

                                                                    3)    Non-executive Director
 b)    Initial notification/Amendment                               Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Electric Guitar plc
 b)    LEI                                                          894500943SA9KY5T9V86
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the Financial instrument, type of instrument   Issue of warrants over ordinary shares of £0.005 each

       Identification code                                          ISIN: GB00BN11T727
 b)    Nature of the transaction                                    Issue of warrants
 c)    Price(s) and volume(s)                                       Price(s)                                        Volume(s)
                                                                    1)    Exercise price of 4.5 pence per share     1)    307,830
                                                                    2)    Exercise price of 4.5 pence per share     2) 205,991
                                                                    3)    Exercise price of 4.5 pence per share            3) 205,991

 
 d)    Aggregated information:                                      n/a

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      24 January 2023
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

n/a

e)

Date of the transaction

24 January 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Richard Horwood
 2.    Reason for the Notification
 a)    Position/status                                              Chief Operating Officer
 b)    Initial notification/Amendment                               Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Electric Guitar plc
 b)    LEI                                                          894500943SA9KY5T9V86
 4.    Details of the transaction(s): section to be repeated for (i) each type of
       instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the Financial instrument, type of instrument   Issue of warrants over ordinary shares of £0.005 each

       Identification code                                          ISIN: GB00BN11T727
 b)    Nature of the transaction                                    Issue of warrants
 c)    Price(s) and volume(s)                                       Price(s)                               Volume(s)
                                                                    Exercise price of 4.5 pence per share  205,991

 
 d)    Aggregated information:                                      n/a

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      16 May 2023
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

n/a

e)

Date of the transaction

16 May 2023

f)

Place of the transaction

Outside a trading venue

 

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