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ELEG Electric Guitar Plc

2.10
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Electric Guitar Plc LSE:ELEG London Ordinary Share GB00BN11T727 ORD GBP0.005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.10 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 0 -538k -0.0093 -2.26 1.22M

Electric Guitar PLC Issue of warrants (3676U)

22/11/2023 3:42pm

UK Regulatory


Electric Guitar (LSE:ELEG)
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From Oct 2023 to Apr 2024

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TIDMELEG

RNS Number : 3676U

Electric Guitar PLC

22 November 2023

22 November 2023

Electric Guitar PLC

("Electric Guitar" or the "Company")

Issue of warrants to Directors

The Board of Electric Guitar PLC (LSE: ELEG), the Special Purpose Acquisition Company seeking acquisitions in the digital marketing and advertising industry as a provider of first-party data solutions, announces that earlier this year the Directors were issued with warrants over new ordinary shares in the Company ("Warrants") as set out below.

 
                                         Total number 
                    Number of warrants    of warrants      % of issued 
 Director                       issued       now held    share capital 
 John Regan                    307,830      1,846,980            3.19% 
                   -------------------  -------------  --------------- 
 John Hutchinson               205,991      1,235,948            2.14% 
                   -------------------  -------------  --------------- 
 Sarfraz Munshi                205,991        205,991            0.36% 
                   -------------------  -------------  --------------- 
 Richard Horwood               205,991        205,991            0.36% 
                   -------------------  -------------  --------------- 
 Total                         925,803      3,494,910            6.04% 
                   -------------------  -------------  --------------- 
 

The FCA notification table as required by the Market Abuse Regulation is appended below.

The Warrants were issued on 24 January 2023 save for those issued to Richard Horwood, which were issued on 16 May 2023.

The Warrants are exercisable at 4.5 pence per share and will vest and become exercisable in tranches of 20% on each of the first five anniversaries of the date of their respective issue. Once vested, the Warrants may be exercised at any time prior to 6pm on the seventh anniversary of the date of their respective issue.

Following the above issue of 925,803 Warrants, the total number of warrants outstanding is 6,943,534, equating to 12% of the Company's current issued share capital.

For further information:

 
 
   Electric Guitar PLC 
   John Hutchinson 
   Chair                                        01189 570 444 
 
 Axis Capital Markets                           020 3026 0320 
  (Corporate Broker)                          rh@axcap247.com 
  Richard Hutchison 
 
   Yellow Jersey PR                   020 3004 9512 
   Sarah Hollins               electric@yellowjerseypr.com 
   Annabelle Wills 
   Bessie Elliot 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                  1) John Regan 
                                             2) John Hutchinson 
                                             3) Sarfraz Munshi 
     -------------------------------  ------------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                       1) Chief Executive Officer 
                                             2) Non-executive Chair 
                                             3) Non-executive Director 
     -------------------------------  ------------------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
     -------------------------------  ------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                             Electric Guitar plc 
     -------------------------------  ------------------------------------------- 
 b)   LEI                              894500943SA9KY5T9V86 
     -------------------------------  ------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------------- 
 a)   Description of                    Issue of warrants over ordinary 
       the Financial                     shares of GBP0.005 each 
       instrument, type 
       of instrument 
      Identification                   ISIN: GB00BN11T727 
       code 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the                    Issue of warrants 
       transaction 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)                 Volume(s) 
                                              1) Exercise 
                                               price of 4.5 
                                               pence per share         1) 307,830 
                                              2) Exercise 
                                               price of 4.5 
                                               pence per share         2) 205,991 
                                              3) Exercise 
                                               price of 4.5 
                                               pence per share    3) 205,991 
                                                                 ---------------- 
     -------------------------------  ------------------------------------------- 
 d)   Aggregated information:          n/a 
       - Aggregated volume 
       - Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          24 January 2023 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Richard Horwood 
     --------------------------------  --------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                   Chief Operating Officer 
     --------------------------------  --------------------------------- 
 b)   Initial notification/Amendment    Initial Notification 
     --------------------------------  --------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Electric Guitar plc 
     --------------------------------  --------------------------------- 
 b)   LEI                               894500943SA9KY5T9V86 
     --------------------------------  --------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description of                     Issue of warrants over ordinary 
       the Financial                      shares of GBP0.005 each 
       instrument, type 
       of instrument 
      Identification                    ISIN: GB00BN11T727 
       code 
     --------------------------------  --------------------------------- 
 b)   Nature of the                     Issue of warrants 
       transaction 
     --------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)             Price(s)          Volume(s) 
                                          Exercise price 
                                           of 4.5 pence 
                                           per share        205,991 
     --------------------------------  --------------------------------- 
 d)   Aggregated information:           n/a 
       - Aggregated volume 
       - Price 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           16 May 2023 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

November 22, 2023 10:42 ET (15:42 GMT)

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