RNS Number : 2463O
Electric Guitar PLC
25 June 2025
 

25 June 2025

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Scheduled Suspension of trading on AIM pursuant to Rule 15

 

Trading in the ordinary shares of Electric Guitar PLC (LSE: ELEG) is expected to be suspended at 07.30 today, 25 June 2025, in accordance with Rule 15 of the AIM Rules for Companies (the "AIM Rules") and in line with the timetable previously announced.

 

Electric Guitar plc became an AIM Rule 15 cash shell on 24 December 2024 and, as such, the Company was required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 (an "RTO") or seek re-admission to AIM as an investing company (as defined under the AIM Rules) on or before 24 June 2025.

 

As announced on 18 June 2025 at the time of the Company's successful placing that raised £775,000 (before expenses) to fund anticipated RTO costs, the Company is continuing discussions regarding potential RTOs in the energy and AI sectors. As the deadline for completing an RTO or admission as an investing company has not been met, Electric Guitar's shares are therefore expected to be suspended from trading today pursuant to AIM Rule 15.

 

If an RTO or admission as an investing company is not completed by Electric Guitar by 25 December 2025, the admission of the Company's ordinary shares to trading on AIM would be cancelled.

 

Further updates will be announced as appropriate.

 

 

 

Contacts:

 

Electric Guitar PLC

Richard Horwood

 

info@electricguitarplc.com

Allenby Capital (Nominated Adviser and Joint Broker)

Jeremy Porter / Piers Shimwell / Dan Dearden-Williams

 

020 3328 5656

 

Novum Securities (Joint Broker)

Jon Bellis / Colin Rowbury

 

0207 399 9425

 

 

 

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