Business
Scheduled Suspension of trading on AIM
Scheduled Suspension of trading on AIM.
About this update from Electric Guitar Plc
[{"type":"text","content":"\n\n25 June 2025\n \nElectric Guitar PLC\n(\"Electric Guitar\" or the \"Company\")\n \nScheduled Suspension of trading on AIM pursuant to Rule 15\n \nTrading 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.\n \nElectric 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.\n \nAs 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.\n \nIf 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.\n \nFurther updates will be announced as appropriate.\n \n \n \nContacts:\n \n\n\n\n\n\n\n\n\nElectric Guitar PLC\nRichard Horwood\n \n\n\[email protected]\n\n\n\n\nAllenby Capital (Nominated Adviser and Joint Broker)\nJeremy Porter / Piers Shimwell / Dan Dearden-Williams\n \n\n\n020 3328 5656\n \n\n\n\n\nNovum Securities (Joint Broker)\nJon Bellis / Colin Rowbury\n \n\n\n0207 399 9425\n\n\n\n\n\n\n\n\n\n \n \n \n\n","length":4692,"tagName":"div"}]