Business
Appointment and Retirement of Directors
Appointment and Retirement of Directors.
About this update from Electric Guitar Plc
[{"type":"text","content":"\n \n NOT FOR PUBLICATION OR RELEASE IN OR INTO THE UNITED STATES OR AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA, OR ANY PROVINCE OR TERRITORY THEREOF OR TO OR FOR THE ACCOUNT OF ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED STATES OR ANY PERSON RESIDENT IN AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA. \n 9th September 2022 \n ELECTRIC GUITAR PLC\n (“Electric Guitar” or the “Company”)\n APPOINTMENT AND RETIREMENT OF DIRECTORS\n Electric Guitar PLC announces the appointment of Sarfraz Munshi as a Director of the Company with immediate effect. Mr Munshi represents Sanderson Capital Partners Limited (“Sanderson”), the largest single shareholder in the Company with approximately 18% of the issued equity. The Board believes that the Company would benefit from increased access to deal flow in a very challenging market by utilising Mr Munshi’s skillsets as Sanderson’s representative on the Board.\n The Company also announces the resignation of Luke McKeever as a Non-Executive Director of the Company with immediate effect to begin a new full-time role away from the business. The Board would like to place on record its appreciation of the effort and expertise Mr McKeever has shown in his time on the Board. \n Electric Guitar was established in 2021 through the issue of shares to the founders as a special purpose acquisition vehicle which will seek an acquisition target in the digital media sector. The Company stated aim at admission was to act as a consolidator and operator in the digital advertising market.\n The Directors of Electric Guitar Plc accept responsibility for this announcement.\n \n \n FOR FURTHER INFORMATION, PLEASE CONTACT:\n \n \n Electric Guitar PLC\nJohn Hutchinson\n \nChairman\n01189 570444\n FORWARD-LOOKING STATEMENTS\n This announcement may contain forward-looking statements which reflect the Company's or, as appropriate, the Directors' current views, interpretations, beliefs or expectations with respect to the Company's financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company pro...