Update re. annual accounts and proposed RTO
Annual accounts delayed; RTO of Dunbar Energy progressing with due diligence underway.
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Annual Audited Accounts
The Board of Electric Guitar PLC (LSE: ELEG) announces that it expects to publish its audited financial statements for the year ended 31 March 2025 (the "Accounts") within the next few weeks pending completion of the Company's audit. The Company's auditors have requested additional time to complete their audit work and noting that the Company's company voluntary arrangement (announced on 11 March 2025) (the "CVA") is close to completion, which will constitute a material post balance sheet event and therefore requires additional work to ensure appropriate disclosure in the Company's Accounts in accordance with applicable accounting standards.
Reverse Takeover Update
As announced on 20 August 2025, the Company continues to pursue its proposed reverse takeover ("RTO") of U.S. energy and datacentre company, Dunbar Energy Inc. ("Dunbar"). Using the funds raised since the CVA was approved, very good progress has been made and due diligence is progressing. The Board expects the proposed RTO to be put to shareholders for approval in due course and further updates will be provided as necessary.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.