Electric Guitar PLC Issue of warrants (3676U)
23 November 2023 - 2:42AM
UK Regulatory
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
-------------------------------- ---------------------------------
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