Climate Change Data

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.

Supply Chain Management

Climate-Related Risks & Opportunities