Announcement • Nov 25
Electric Guitar PLC, Annual General Meeting, Dec 19, 2025 Electric Guitar PLC, Annual General Meeting, Dec 19, 2025. Location: the offices of allenby capital, 5 st helens pl, ec3a 6ab, london United Kingdom Announcement • Jul 18
Dunbar Energy Inc. signed non-binding heads of terms to acquire Electric Guitar PLC (AIM:ELEG) in a reverse merger transaction. Dunbar Energy Inc. signed non-binding heads of terms to acquire Electric Guitar PLC (AIM:ELEG) in a reverse merger transaction on July 18, 2025. The consideration consists of common equity of Dunbar Energy Inc. to be issued for common equity of Electric Guitar PLC. As part of consideration, Consideration for the proposed RTO will be satisfied through the issue of new ordinary shares of £0.01 in the Company, which are expected to represent a majority of the Company's enlarged issued share capital.
The proposed transaction is subject to, inter alia, the completion of satisfactory due diligence, the execution of final legally binding documents, publication of an AIM Admission Document, approval by shareholders of Electric Guitar at a general meeting of the Company of the RTO and of a waiver of the obligations that would otherwise arise under Rule 9 of the Takeover Code (also subject to approval by the Takeover Panel), and re-admission of the Company's ordinary shares to trading on AIM. A 90-day exclusivity period between Dunbar and the Company has been agreed, which provides that should either party withdraw during this period, they will bear the transaction costs incurred by the other party up to that point, subject to no demonstrably material adverse matter having arisen during due diligence. Although there is no guarantee that the proposed RTO will proceed nor as to its final terms or timing, once the heads of terms become binding Dunbar will be required to pay additional compensation to Electric Guitar should it withdraw from negotiations.
Allenby Capital Limited acted as financial advisor for Electric Guitar PLC. Announcement • Jun 25
Electric Guitar Expects Ordinary Shares Suspension Effective June 25 Trading in the ordinary shares of Electric Guitar PLC 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. Electric 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. As 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 on June 25, 2025 pursuant to AIM Rule 15. If 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. Further updates will be announced as appropriate. 
