ELECTRIC GUITAR PLC
Climate Impact & Sustainability Data (2021-03-24 to 2021-05-25, 2021-03-24 to 2022-03-31)
Reporting Period: 2021-03-24 to 2021-05-25
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Complete an acquisition within approximately 24 months of Admission.
Environmental Challenges
- Covid-19 Pandemic impacting acquisition opportunities, increasing due diligence costs, and delaying strategy implementation.
- Limited cash resources diminishing due to operating costs.
- Lack of operating history and revenue, making performance evaluation difficult.
- Dependence on acquisitions for business strategy and model.
- Dependence on Directors to identify suitable acquisition opportunities.
- Initial acquisition of a single company concentrating risk.
- Due diligence may not reveal all relevant facts or liabilities.
- Potential inability to obtain financing for acquisitions or target operations.
- Legislative changes to personal privacy rules could negatively impact profitability.
- Competition for acquisition opportunities.
- Potential delay in deploying Net Proceeds, resulting in lower returns.
- Unfavorable economic conditions impacting potential target businesses.
- Inability to retain or hire necessary personnel.
- Dependence on acquired business income following acquisition.
- Restrictions on offering Ordinary Shares as acquisition consideration.
- Technological changes rendering technology obsolete.
- Significant resource expenditure on research and development that may not yield competitive products.
- Inability to enter emerging markets.
- Significant changes in the digital media and advertising market.
- Changes in laws and regulations covering personal privacy.
- Competition from other digital media service supply companies.
- Reduction or elimination of access to internet-related consumer information.
- Natural events impacting commercial viability.
- Threats to handling and holding personal data.
Mitigation Strategies
- Extensive legal, financial, and technical due diligence process for acquisitions.
- Seeking additional equity or debt financing for acquisitions.
- Leveraging Directors' financial and commercial expertise and network of contacts.
- Focusing on agencies with few or no legacy issues and alternative strategies.
- Careful evaluation of operational management and potential strengthening of management teams.
- Board approval for acquisitions.
- Implementing a strategy to maximize shareholder value after acquisition.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Reporting Period: 2021-03-24 to 2022-03-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Acquiring Less than Controlling Interests
- Inability to Fund Operations Post-Acquisition
- The Company’s Relationship with the Directors and Conflicts of Interest
- Suitable Acquisition Opportunities may not be Identified or Completed
- Risks Inherent in an Acquisition
- Reliance on External Advisors
- Failure to Obtain Additional Financing to Complete an Acquisition or Fund a Target’s Operations
- Reliance on Income from the Acquired Activities
- Restrictions in Offering Ordinary Shares as Consideration for an Acquisition or Requirements to Provide Alternative Consideration
Mitigation Strategies
- The Company will ensure that appropriate funding measures are taken to ensure minimum commitments are met.