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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Electric Guitar Plc | ELEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.10 | 2.10 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 26/2/2023 12:11 by hedgehog 100 Current share price 26th. February 2023: 2.15p57,862,776 shares in issue Market capitalisation: £1.244M. "Empowering advertisers to deliver exceptional, connected 360° consumer experiences." 11/01/2022 07:00 PR Newswire (US) Electric Guitar Plc - Admission to Official List First Day of Dealings LSE:ELEG Electric Guitar Plc "Admission to the Official List and first day of dealings Electric Guitar PLC, a UK company established as a special purpose acquisition company to seek an acquisition target in the digital media sector, is pleased to announce that its ordinary shares of £0.005 each have been admitted to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange, following a successful placing of 40,000,000 ordinary shares at £0.03 pence per share raising gross proceeds of £1,200,000, before expenses. First dealings in the Ordinary Shares are due to commence at 8am today under the ticker symbol “ELEG”. On admission, the Company will have 57,862,776 ordinary shares in issue. Alexander David Securities Limited acted as Corporate Adviser and Axis Capital Markets Limited acted as Placing Agent and Broker. The Company is raising capital to fund the acquisition of a company or business in the digital media and advertising sectors. The Directors consider that admission of the Company’s shares to trading on the Main Market will be attractive both to investors under the Placing and to the vendors of potential target companies or businesses as the Company executes its investment strategy, relative to the listing or admission of the Company’s shares on a different exchange. Company highlights 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 intends to act as a consolidator and operator in the digital advertising market. While there has been some activity to date within the large capital advertising market, with the focus of legacy agencies’ increasingly on digital advertising solutions, less attention has been paid to the smaller agencies. The Directors have identified an opportunity to invest in these agencies with few or no legacy issues with technologies that can provide alternative strategies. In light of the above, the Directors believe that there is a significant commercial opportunity in the digital advertising sector as advertisers and their customers explore different ways to reach their target audiences in the disrupted market. The Company's prospectus published in connection with its listing is available on the Company's website at www.electricguitarpl The Directors of Electric Guitar Plc accept responsibility for this announcement. FOR FURTHER INFORMATION, PLEASE CONTACT: Electric Guitar PLC John Regan john@electricguitarp +44(0)1189 570444" |
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