REG - Electric Guitar PLC - Update re. annual accounts and proposed RTO

Electric GuitarAnnouncement

01/10/2025 11:15

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RNS Number : 6400B  Electric Guitar PLC  01 October 2025

1 October 2025

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Update re. publication of annual audited accounts

 

Reverse Takeover Update

 

 

Annual Audited Accounts

 

The Board of Electric Guitar PLC (LSE: ELEG) announces that it expects to
publish its audited financial statements for the year ended 31 March 2025 (the
"Accounts") within the next few weeks pending completion of the Company's
audit. The Company's auditors have requested additional time to complete their
audit work and noting that the Company's company voluntary arrangement
(announced on 11 March 2025) (the "CVA") is close to completion, which will
constitute a material post balance sheet event and therefore requires
additional work to ensure appropriate disclosure in the Company's Accounts in
accordance with applicable accounting standards.

 

Reverse Takeover Update

 

As announced on 20 August 2025, the Company continues to pursue its proposed
reverse takeover ("RTO") of U.S. energy and datacentre company, Dunbar Energy
Inc. ("Dunbar").  Using the funds raised since the CVA was approved, very
good progress has been made and due diligence is progressing. The Board
expects the proposed RTO to be put to shareholders for approval in due course
and further updates will be provided as necessary.

 

 

Contacts:

 

 Electric Guitar PLC                                                         info@electricguitarplc.com

 Richard Horwood

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

 Jeremy Porter / Piers Shimwell / Dan Dearden-Williams (Corporate Finance)

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

 Novum Securities (Joint Broker)                                             020 7399 9425

 Jon Belliss / Colin Rowbury

 

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