RCS - Live Company Group - Review of Recent Events

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01/03/2023 07:00

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RNS Number : 4150R  Live Company Group PLC  01 March 2023

 1(st) March 2023

 

LIVE COMPANY GROUP PLC

("LVCG", the "Company" or the "Group")

 

REVIEW OF RECENT EVENTS

 

LVCG is delighted to provide an update on a number of events that it managed
over the past week.

 

Formula E

 

Saturday's race was filled with plenty of unexpected results with the
championship leader out in the first few laps. An ecstatic Antonia Felix De
Costa racing for Porsche took first place in a fight to the flag with former
teammate Vergne.

 

LVCG was proud to bring Formula E to Cape Town in a record short time from
final confirmation in the race calendar in October 2022 and as previously
announced was delighted to have a sold-out inaugural event.

 

While revenue was generated this year principally from a staging fee of
£200,000 as there was no title sponsor in this inaugural year, the Company is
hopeful that with the success of the event that a title sponsor can be
retained for 2024 and is delighted to report that is it already in discussions
with various parties.

 

The learnings from the 2023 race form a great base for 2024 and additional
revenue streams for LVCG such a merchandising can be explored.

 

 

 

StART + at Formula E

 

StART also continued its collaboration with Formula E with an exhibition of
South African artists trackside that included Bassa, Gavin Goodman, Jooj,
Morris and Vincent Da Sillva.

 

The exhibition reinforces StART and Formula E's commitment to support emerging
artists and their local community and showcase local art in front of the local
city population.

 

The Company looks forward to announcing further collaborations with Formula E
in this space.

 

 

Ocean Race

 

On 26(th) February Cape Town saw a 'wild start' to the third and longest leg
of the Ocean race. The race started with two and a half laps of an inshore
course to give the crowds lining the Cape Town shore a chance to view the
hydrofoiling boats before they set sail out to the Southern Ocean.

 

With plenty of technical difficulties and the presence of whales it was an
exciting start to the race.

 

LCSE as organisers of the stop-over receive a fee for the event. The Company
is currently exploring ways of expanding on the Cape Town stopover and adding
additional revenue streams to this amazing event.

 

StART+ Seoul

 

Mark Slopers solo exhibition opened on the 23 February with a VIP reception at
StART Art Korea's new fashionable Sungdong-gu gallery space. The exhibition
'The Art of Neon by Mark Sloper - Illuminati Neon' presented more than two
dozen never before seen works and is the artist's first solo in Seoul. It will
run until the 12(th) March. Also included are new collaboration works between
local artist Regina Kim who also participated in StART London last October
(2022). Accompanying the original and limited-edition artworks is a range of
exclusive complementary merchandise with everything available for purchase
online as well as at the gallery.

 

 

Chairman David Ciclitira commented: "It was a massive privilege to be part of
Formula E in Cape Town this past week-end. I feel immensely proud of what the
team in South Africa achieved in such a short space of time. The FIA said it
was one of the best races in Formula E ever and I can't wait to see what we
can do to add to this race in 2024"

 

 

Enquiries:

 

 Live Company Group Plc                        Tel: 020 7225 2000

 David Ciclitira, Executive Chairman

 Sarah Dees, Chief Operating Officer

 Beaumont Cornish Limited (Nominated Adviser)  Tel: 020 7628 3396

 Roland Cornish/Rosalind Hill Abrahams

 Oval(X) (Broker)                              Tel: 020 7392 1436

 Thomas Smith

 

 

 

 

 

 

 

About Live Company Group

 

Live Company Group Plc ("LVCG", the "Company" or the "Group") is a live
events, entertainment and sports events company, that has been trading on AIM
since 2017.

The Group is divided into four divisions:

 

·    BRICKLIVE - consisting of a network of partner-driven fan-based and
touring shows using BRICKLIVE created content worldwide. The Company owns the
rights to BRICKLIVE - an interactive experience built around the creative
ethos of the world's most popular construction toy bricks. The Group is an
independent producer of BRICKLIVE and is not associated with the LEGO Group.

 

·    KPOP -  the company owns the rights to the K.Flex brand and through
its joint venture with the Explorado group KPOP Europa (KPE) is a partner in
and the Executive Producer of K.Flex in Frankfurt.

LVCG also owns the brand KPOP Lux and is the executive producer of KPOP Lux in
Madrid and London. Both of these shows are produced in partnership with SBS -
the Korean television network. The Company organises an annual Japanese KPOP
festival called KPOP Lux Nagoya in partnership with Birdman - a leading
advertising and entertainment company based in Tokyo.

 

·    StART Art Global (SAG) - SAG owns StART Art Fair in London which has
been staged over the last 9 years at the Saatchi Gallery. SAG has licensed the
rights to the StART brand in Korea. The licence includes the right to create
and run StART Art Fair Seoul and various StART+ exhibitions.

SAG has also licensed the right to the StART brand in Japan to Live Company
Japan a joint venture with M Group Holdings Co.

SAG has also licensed the brand to Live Company Korea to create the StART Art
Coin.

 

·    Live Company Sports and Entertainment (LCSE) - LCSE owns LCSE Pty in
South Africa which has a long-term relationship with Pick 'n' Pay and the
Ocean Race.

LVCG is a founder shareholder in E-Movement - the promoter of the Formula E
Race in Cape Town. As part of this relationship E-Movement has retained LCSE
(through E-Movement holdings) as its implementation partner. E-Movement
Holdings a 100% subsidiary of Live Company Group has the right to sell
sponsorship for the Formula E race in Cape Town.

 

 

 

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