REG - Electric Guitar PLC - Adoption of Share Plans and Grant of Options

Electric GuitarAnnouncement

03/05/2024 09:30

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RNS Number : 1756N  Electric Guitar PLC  03 May 2024

3 May 2024

 

Electric Guitar PLC

("Electric Guitar" or the "Company")

 

Adoption of share plans and grant of options

 

Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company
providing first-party data solutions, confirms that, as set out in the
Company's Admission Document and announcement of 15 April 2024, Electric
Guitar has today adopted its new share option plans - the 2024 Employee
Incentive Plan and 2024 Consultant Incentive Plan (the "Share Plans") - and
granted 32,455,827 share options over ordinary shares of 0.5p each in the
Company ("Ordinary Shares") to the Directors and certain employees,
exercisable at the issue price of the recent fundraising of 2.1 pence per
share. As also contemplated, a further 3,288,919 share options over Ordinary
Shares have been granted under the Share Plans to certain Directors in
exchange for their warrants over Ordinary Shares, exercisable at 2.1 pence per
share.

 

Further details of the terms of these options and the Share Plans are set out
in paragraphs 9.b. and 17 respectively of Part VII of the Company's Admission
Document dated 15 April 2024.

 

The FCA notification table set out below, made in accordance with the
requirements of the UK Market Abuse Regulation, provides details of the grants
to Directors.

 

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) Richard Horwood

                                                                  3)John Hutchinson

                                                                  4) David Eldridge

                                                                  5) Grahame Cook

                                                                  6) Caroline Worboys
 2.  Reason for the Notification
 a)  Position/status                                              1) Chief Executive Officer

                                                                  2) Chief Operating Officer

                                                                  3) Chair

                                                                  4) Non-Executive Director

                                                                  5) Non-Executive Director

                                                                  6) 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 the Financial instrument, type of instrument  ordinary shares of £0.005 each
     Identification code                                          ISIN: GB00BN11T727
 b)  Nature of the transaction                                    Grant of options of ordinary shares of £0.005 each
 c)  Price(s) and volume(s)                                       Price(s)                Volume(s)
                                                                  1) 2.1 pence per share  13,038,644
                                                                  2) 2.1 pence per share  11,397,655
                                                                  3) 2.1 pence per share  4,033,864
                                                                  4) 2.1 pence per share  2,238,333
                                                                  5) 2.1 pence per share  1,678,750
                                                                  6) 2.1 pence per share  1,678,750
 d)  Aggregated information:                                      n/a

     -Aggregated volume

     -Price
 e)  Date of the transaction                                      3 May 2024
 f)  Place of the transaction                                     London Stock Exchange, XLON

d)

Aggregated information:

-Aggregated volume

-Price

n/a

e)

Date of the transaction

3 May 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

 

For further information:

 

 Electric Guitar PLC

John Hutchinson                         01189 570 444

 Chair

 Allenby Capital                        020 3328 5656

 (Nominated Adviser and Joint Broker)

 Jeremy Porter

 Piers Shimwell

 Dan Dearden-Williams

 Axis Capital Markets                   020 3026 0320

 (Joint Broker)

 Richard Hutchison

 Yellow Jersey PR                       020 3004 9512

 Charles Goodwin                        electric@yellowjerseypr.com

                   (https://appriver3651008983.sharepoint.com/sites/CompanyData/Shared%20Documents/Corporate%20Finance/Mandated%20Transactions/Electric%20Guitar/Announcements/electric@yellowjerseypr.com)
 Annabelle Wills

 Bessie Elliot

 

Notes to Editors

 

Electric Guitar PLC (AIM: ELEG) is the provider of first-party data solutions
for the marketing and advertising industry, empowering businesses to realise
the value of their first-party data. In an era of changing consumer attitudes
towards the use of their data, tighter privacy legislation, and the demise of
third-party cookies, first-party data is now the key to success in digital
marketing. Electric Guitar's strategy is to acquire and scale businesses that
help marketers maximise the value of first-party data by curating, managing,
and deploying it, and in doing so making Electric Guitar the industry standard
for first-party data solutions. As the first part of this strategy, Electric
Guitar has acquired 3radical Limited, a company that utilises its Software as
a Service platform, 3radical Voco, to enable organisations to engage
individuals and request their data directly using interactive digital
experiences.

Electric Guitar PLC was listed on the Main Market of the London Stock Exchange
on 11 January 2022 and transferred to AIM on 03 May 2024.

For further information please visit www.electricguitarplc.com
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.electricguitarplc.com%2F&data=05%7C02%7Cannabelle%40yellowjerseypr.com%7C4d6c115bd9be4497074b08dc6450fa84%7Cc7fee44edc6a4490a4ea0667cc994b7d%7C0%7C0%7C638495546166555946%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=PF4juWPApDTUFzg8doPm1KZUrJsqjht4vrub5zvBsos%3D&reserved=0)
.

 

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