REG - Electric Guitar PLC - Update re. Subscription and Restoration of Trading

Electric GuitarAnnouncement

01/04/2025 12:45

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RNS Number : 1709D  Electric Guitar PLC  01 April 2025

1 April 2025

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Completion of Subscription and restoration of trading on AIM

 

Further to the Company's announcement on 27 March 2025, the Board of Electric
Guitar plc (LSE: ELEG) is pleased to announce that restoration of trading in
its Ordinary Shares on AIM is expected to take place at 7.30 a.m. tomorrow, 2
April 2025, and accordingly, the Subscription for £300,000 at 0.034p per
share is expected to complete at 8.00 a.m. tomorrow, 2 April 2025.

 

It is expected that a total of 1,200,293,699 New Ordinary Shares will be
admitted to trading on AIM at 8.00 a.m. tomorrow ("Admission") as a result of
the following share issues and allotments:

 

 Existing Ordinary Shares with a new nominal value of 0.01p each  257,145,740
 Subscription Shares                                              875,000,000
 CLN Shares                                                       68,147,959
 Total                                                            1,200,293,699

 

The 68,147,959 CLN Shares are being issued pursuant to the automatic
conversion of £10,000 of CLNs (which were announced on 26 February 2025) in
accordance with, inter alia, completion of the Subscription.

 

An additional 236,782,175 CVA Shares and up to 306,665,817 CLN Shares are
expected to be admitted to trading on AIM on or around 28 April 2025 following
completion of those share allotments.

 

For the avoidance of doubt, on Admission the ISIN of the Ordinary Shares will
be unchanged as GB00BN11T727 and the TIDM/ticker for the Ordinary Shares will
remain as ELEG.L.

 

 

 

Any capitalised terms used but not otherwise defined take the meaning given to
them in the Company's announcement of 11 March 2025.

 

Contacts:

 

 Electric Guitar PLC                                     info@electricguitarplc.com

 Richard Horwood, Director

 Allenby Capital (Nominated Adviser and Broker)          020 3328 5656

 Jeremy Porter / Piers Shimwell / Dan Dearden-Williams

 

 

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