Business
Notice of Intention to De-List
Notice of Intention to De-List.
About this update from Electric Guitar Plc
[{"type":"text","content":"\n\n13 March 2024\n \nElectric Guitar plc\n(\"Electric Guitar\" or the \"Company\")\n \nNotice of intention to de-list from the standard segment of the Official List and Main Market of the London Stock Exchange and\nproposed application for admission to trading on AIM in conjunction with the acquisition of 3radical Limited\n \nThe 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. \n \nOn 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.\n \nPursuant 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.\n \nThis 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.\n \nFor further information:\n \n\n\n\n\nElectric Guitar PLC\n\n\n\n\nJohn Hutchinson\nChairman\n\n\n 011...