⌘K
t
Electric Guitar PLC announced on 26 November 2024 that its Board requested the suspension of trading in its ordinary shares on AIM, pending clarification of the Company's financial position. This followed the unexpected termination of advanced negotiations for a substantial further investment on 25 November, prompting the Board to decide it would consider all future options and seek advice from insolvency practitioners.
| Date | 26 Nov 2024 |
| Time | 15:26:12 |
| Category | Corporate updates |
| ID | 7389N |
26 November 2024
Electric Guitar PLC
("Electric Guitar" or the "Company")
Suspension of trading on AIM
Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company providing first-party data solutions, announces that the Board today requested that trading in the Company's ordinary shares on AIM was suspended pending clarification of the Company's financial position.
As a result of advanced negotiations for a substantial further investment in the Company being unexpectedly terminated on 25 November and updated trading information, the Board met this morning to consider the Company's financial position, and decided that it should consider all options for the future of the Company and that advice from insolvency practitioners should be sought.
A further update will be provided as soon as possible.
For further information:
|
Notes to Editors
Electric Guitar PLC (AIM: ELEG) is the provider of first-party data solutions for the marketing and advertising industry, empowering businesses to realise the value of their first-party data. In an era of changing consumer attitudes towards the use of their data, tighter privacy legislation, and the demise of third-party cookies, first-party data is now the key to success in digital marketing. Electric Guitar's strategy is to acquire and scale businesses that help marketers maximise the value of first-party data by curating, managing, and deploying it, and in doing so making Electric Guitar the industry standard for first-party data solutions. As the first part of this strategy, Electric Guitar acquired 3radical Limited, a company that utilises its Software as a Service platform, 3radical Voco, to enable organisations to engage individuals and request their data directly using interactive digital experiences. It has since entered into collaborations with several other businesses operating in the field, as well as a joint venture with Exelia Technologies Limited called Marcomms.ai for producing AI-driven products and services for the digital marketing and advertising industry.
For further information please visit www.electricguitarplc.com.