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Electric Guitar PLC announced that the restoration of trading in its Ordinary Shares on AIM is expected on 2 April 2025 at 7:30 a.m., with the completion of a £300,000 Subscription at 0.034p per share expected at 8:00 a.m. on the same day. A total of 1,200,293,699 New Ordinary Shares, comprising 257,145,740 existing shares, 875,000,000 Subscription Shares, and 68,147,959 CLN Shares (from a £10,000 CLN conversion), are expected to be admitted to trading on AIM at 8:00 a.m. on 2 April 2025. Additionally, 236,782,175 CVA Shares and up to 306,665,817 CLN Shares are expected to be admitted to trading on AIM around 28 April 2025.
| Date | 1 Apr 2025 |
| Time | 12:33:46 |
| Category | Corporate updates |
| ID | 1709D |
1 April 2025
Electric Guitar PLC
("Electric Guitar" or the "Company")
Completion of Subscription and restoration of trading on AIM
Further to the Company's announcement on 27 March 2025, the Board of Electric Guitar plc (LSE: ELEG) is pleased to announce that restoration of trading in its Ordinary Shares on AIM is expected to take place at 7.30 a.m. tomorrow, 2 April 2025, and accordingly, the Subscription for £300,000 at 0.034p per share is expected to complete at 8.00 a.m. tomorrow, 2 April 2025.
It is expected that a total of 1,200,293,699 New Ordinary Shares will be admitted to trading on AIM at 8.00 a.m. tomorrow ("Admission") as a result of the following share issues and allotments:
|
Existing Ordinary Shares with a new nominal value of 0.01p each |
257,145,740 |
|
Subscription Shares |
875,000,000 |
|
CLN Shares |
68,147,959 |
|
Total |
1,200,293,699 |
The 68,147,959 CLN Shares are being issued pursuant to the automatic conversion of £10,000 of CLNs (which were announced on 26 February 2025) in accordance with, inter alia, completion of the Subscription.
An additional 236,782,175 CVA Shares and up to 306,665,817 CLN Shares are expected to be admitted to trading on AIM on or around 28 April 2025 following completion of those share allotments.
For the avoidance of doubt, on Admission the ISIN of the Ordinary Shares will be unchanged as GB00BN11T727 and the TIDM/ticker for the Ordinary Shares will remain as ELEG.L.
Any capitalised terms used but not otherwise defined take the meaning given to them in the Company's announcement of 11 March 2025.
Contacts:
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