Notice of Intention to De-List

Electric Guitar PLC

13 March 2024

 

13 March 2024

Electric Guitar plc

("Electric Guitar" or the "Company")

Notice of intention to de-list from the standard segment of the Official List and Main Market of the London Stock Exchange and

proposed application for admission to trading on AIM in conjunction with the acquisition of 3radical Limited

The directors of Electric Guitar hereby give notice of their intention to request the Financial Conduct Authority ("FCA") to cancel the listing of the Company's ordinary shares (ISIN: GB00BN11T727) (the "Ordinary Shares") on the standard listing segment of the Official List of the FCA (the "Standard List"), and to request London Stock Exchange plc ("LSE") to cancel the admission to trading of the Ordinary Shares on the main market for listed securities of the LSE (together, the "Delisting") in view of its proposed application for admission of its Ordinary Shares to trading on AIM. 

On 7 July 2023, the Company announced that it has entered into non-binding heads of terms for the acquisition of 3radical Limited, which would constitute a reverse takeover under the Listing Rules (the "Proposed Transaction").  The Company is progressing the Proposed Transaction and expects to be able to provide further details and convene a shareholder meeting to approve the Proposed Transaction in the coming weeks.

Pursuant to Listing Rule 5.2.8R, the Company is required to give at least 20 business days' notice of its intended date of Delisting. Accordingly, it is intended that the Delisting will become effective on or around 12 April 2024 at 8.00 a.m. (GMT), such that the last date of listing on the Standard List and trading of the Ordinary Shares on the Main Market of the LSE would be on or around 11 April 2024. A further update will be provided by 11 April 2024 to confirm the Delisting date.

This notice of Delisting is made in anticipation of the Company's proposed application for the admission of the Ordinary Shares to trading on AIM concurrent with completion of the Proposed Transaction. Further details of the Proposed Transaction and a shareholder meeting to approve the Proposed Transaction will be provided before the Delisting date.

For further information:

Electric Guitar PLC John Hutchinson Chairman  01189 570 444 Axis Capital Markets (Corporate Broker) Richard Hutchison 020 3026 0320 [e-mail] Yellow Jersey PR Sarah Hollins Annabelle Wills Bessie Elliot 020 3004 9512 [e-mail]

 

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