REG - Electric Guitar PLC - Suspension of trading on AIM

Electric GuitarAnnouncement

26/11/2024 15:30

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RNS Number : 7389N  Electric Guitar PLC  26 November 2024

26 November 2024

 

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Suspension of trading on AIM

 

Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company
providing first-party data solutions, announces that the Board today requested
that trading in the Company's ordinary shares on AIM was suspended pending
clarification of the Company's financial position.

 

As a result of advanced negotiations for a substantial further investment in
the Company being unexpectedly terminated on 25 November and updated trading
information, the Board met this morning to consider the Company's financial
position, and decided that it should consider all options for the future of
the Company and that advice from insolvency practitioners should be sought.

 

A further update will be provided as soon as possible.

 

For further information:

 

 Electric Guitar PLC                                     via Yellow Jersey

 John Regan, CEO

 Allenby Capital (Nominated Adviser and Joint Broker)

 Jeremy Porter / Piers Shimwell / Dan Dearden-Williams   020 3328 5656

 Axis Capital Markets (Joint Broker)                     020 3026 0320

 Richard Hutchison

 GIS (Joint Broker)                                      020 7048 9400

 James Sheehan

 Yellow Jersey PR

 Charles Goodwin/ Annabelle Wills/ Bessie Elliot         020 3004 9512

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

 

Notes to Editors

 

Electric Guitar PLC (AIM: ELEG) is the provider of first-party data solutions
for the marketing and advertising industry, empowering businesses to realise
the value of their first-party data. In an era of changing consumer attitudes
towards the use of their data, tighter privacy legislation, and the demise of
third-party cookies, first-party data is now the key to success in digital
marketing. Electric Guitar's strategy is to acquire and scale businesses that
help marketers maximise the value of first-party data by curating, managing,
and deploying it, and in doing so making Electric Guitar the industry standard
for first-party data solutions. As the first part of this strategy, Electric
Guitar acquired 3radical Limited, a company that utilises its Software as a
Service platform, 3radical Voco, to enable organisations to engage individuals
and request their data directly using interactive digital experiences. It has
since entered into collaborations with several other businesses operating in
the field, as well as a joint venture with Exelia Technologies Limited called
Marcomms.ai for producing AI-driven products and services for the digital
marketing and advertising industry.

For further information please visit www.electricguitarplc.com
(http://www.electricguitarplc.com) .

 

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