Brief: Live Company Group Undertook A Cost Reduction And Cash Preservation Exercise

Live

06/02/2024 07:35

Feb 6 (Reuters) - Live Company Group PLC:
    * LIVE COMPANY GROUP: IN HY23 STRATEGIC REVIEW UNDERTAKEN,
LED TO
REMOVAL OF NON-CORE, LOSS-MAKING ACTIVITIES
    * LIVE COMPANY GROUP PLC: COMMITTED TO FINANCIAL
RESTRUCTURING OF
GROUP TO REDUCE OVERHEADS AND CONSOLIDATE AND MANAGE OUR COVID
LOANS AND CREDITORS
    * LIVE COMPANY GROUP PLC: UNDERTOOK A COST REDUCTION AND
CASH
PRESERVATION EXERCISE WITH STAFF NUMBERS CUT AND SALARIES
REDUCED WHERE APPROPRIATE
    * LIVE COMPANY GROUP PLC: A PLACING FOR A £500,000 EQUITY
PLACEMENT HAS BEEN AGREED
    * LIVE COMPANY GROUP PLC: REASONABLE EXPECTATION THAT GROUP
AND
COMPANY WILL SECURE ADDITIONAL £1.5M LOAN FACILITY

Further company coverage:  LVCG.L 

 ((Reuters.Briefs@thomsonreuters.com;))