Suspension of trading on AIM
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Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company providing first-party data solutions, announces that the Board today requested that trading in the Company's ordinary shares on AIM was suspended pending clarification of the Company's financial position.
As a result of advanced negotiations for a substantial further investment in the Company being unexpectedly terminated on 25 November and updated trading information, the Board met this morning to consider the Company's financial position, and decided that it should consider all options for the future of the Company and that advice from insolvency practitioners should be sought.
A further update will be provided as soon as possible.
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