Electric Guitar #ELEG – Issue of equity for conversion of loan facility & TVR October 14, 2024 – Posted in: Electric Guitar Plc (ELEG)

Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company providing first-party data solutions, announces the issue to Sanderson Capital Partners Limited (“Sanderson”) of 16,666,666 Ordinary Shares (the “New Shares”) of £0.005 each in the Company (the “Ordinary Shares”) at 0.9p per share. The New Shares will be issued pursuant to the conversion of £150,000 (“Conversion”) drawn to date for working capital purposes from the Company’s £600,000 loan facility with Sanderson (the “Facility”).  The terms…