REG - Electric Guitar PLC - Update on proposed acquisition of Dunbar Energy

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RNS Number : 6835Y  Electric Guitar PLC  30 March 2026

30 March 2026

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Update on proposed acquisition of Dunbar Energy Inc.

 

Further to the Company's announcement of 23 December 2025, the Board of
Electric Guitar PLC (LSE: ELEG) (the "Board") provides an update on its
proposed acquisition of Dunbar Energy Inc. ("Dunbar").

 

The Board is continuing discussions regarding the Dunbar acquisition, although
this has been delayed by the changing nature of Dunbar's asset base and
structuring matters as Dunbar continues to develop its strategy in the USA of
behind-the-meter (BTM) power from gas wells to local intensive compute sites.
The Board continues to review the Dunbar acquisition and further announcements
will be made in due course.

 

While discussions having been continuing with Dunbar, the Board has been in
negotiations in relation to the potential acquisition of interests in other
oil and gas assets in the USA, to support the Company's stated mission, and is
seeking to enter into binding terms as soon as it is able to.

 

The Ordinary Shares remain suspended from trading on AIM in the meantime.

 

The Company will provide further updates as appropriate as matters progress.

 

 Contacts:

Electric Guitar PLC                                   info@electricguitarplc.com

 Richard Horwood

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

 Jeremy Porter / Alex Brearley

  AlbR Capital (Joint Broker)                          020 3026 0320

 Jon Belliss / Colin Rowbury

 

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