REG - Electric Guitar PLC - Reverse Takeover Update

Electric GuitarAnnouncement

Tue 12:00

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RNS Number : 6965M  Electric Guitar PLC  23 December 2025

23 December 2025

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Reverse Takeover Update

 

 

As announced on 25 November 2025, the Company continues to pursue its proposed
acquisition of US energy and digital infrastructure company, Dunbar Energy
Inc. ("Dunbar"), which would constitute a reverse takeover under the AIM Rules
for Companies (the "RTO"). Dunbar's business is focused on the provision of
'behind the meter' on-site electricity generation, and the deployment of
modular compute facilities, to provide a diverse range of energy and
infrastructure solutions for the high-performance computing industry.

 

Detailed discussions have continued since reaching the agreement in principle
announced on 18 July 2025, reflecting on-going developments in Dunbar's
business opportunities and asset acquisitions.  While finalising these
discussions has delayed the due diligence process and therefore the signing of
definitive legal agreements, the Board expects the proposed RTO to be put to
shareholders for approval in the first quarter of 2026, and further updates
will be provided as necessary.

 

The Company's shares remain suspended from trading on AIM pending the
execution of final legally binding documents, publication of an AIM Admission
Document, approval by shareholders of Electric Guitar at a general meeting of
the Company of the RTO and a waiver of the obligations that would otherwise
arise under Rule 9 of the Takeover Code (also subject to approval by the
Takeover Panel), and re-admission of the Company's ordinary shares to trading
on AIM. There is no guarantee that the proposed RTO will proceed nor as to its
final terms or timing. Further announcements will be made as appropriate.

 

The Company expects to publish its unaudited interim results for the six
months ended 30 September 2025 before the end of December 2025 in accordance
with Rule 18 of the AIM Rules for Companies.

 

 

Contacts:

 

 Electric Guitar PLC                                                   info@electricguitarplc.com

 Richard Horwood

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

 Jeremy Porter / Piers Shimwell (Corporate Finance)

 Amrit Nahal / Kelly Gardiner (Equity Sales & Corporate Broking)

 AlbR Capital (Joint Broker)                                           020 3026 0320

 Jon Belliss / Colin Rowbury

 

 

Important notices

 

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they relate to future events and circumstances. Actual results and
developments could differ materially from those expressed or implied by the
forward-looking statements. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements in this
announcement are based on certain factors and assumptions. Whilst the
directors consider these assumptions to be reasonable based upon information
currently available, they may prove to be incorrect.

 

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