REG - Live Company Group - Board Change and Financial Update

LiveAnnouncement

05/09/2024 15:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240905:nRSE1239Da&default-theme=true

RNS Number : 1239D  Live Company Group PLC  05 September 2024

5 September 2024

 

 

 

LIVE COMPANY GROUP PLC

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

 

NED'S RESIGNATION AND FINANCIAL UPDATE

 

 

Resignation of Ranjit Murugason

 

The Company has previously announced on 28 March 2024 that Senior NED Ranjit
Murugason had notified the board of his intention to resign from the board
with an effective date of 28 June 2024. This period for his departure was
extended to remain on the board until the cornerstone agreement under
negotiation would be signed and finalised.  As this agreement has not
completed and further to his resignation on 28 March 2024, Ranjit Murugason
has notified the board of his intention leave the board effective immediately

 

Financial Update

 

Further to the RNS of 23 August 2024, the Company announces that it continues
to work with its restructuring advisers regarding the Company's financial
position and pressing creditor matters, and hopes to make a further
announcement in this regard as soon as possible.

 

Enquiries:

 

 Live Company Group Plc                        Tel: 020 7225 2000

 David Ciclitira, Executive Chairman

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

 Roland Cornish/Rosalind Hill Abrahams

 CMC Markets UK Plc                            Tel: 020 3003 8255

 Thomas Smith

 Douglas Crippen

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

 

 

 

 

 

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 two active 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.

 

·    LVCG owns the brand KPOP Lux and is the Executive Producer of KPOP
Lux in Madrid and London. Both shows are produced in partnership with SBS -
the Korean television network. Additionally, the Company owns the rights to
the K.Flex brand and has been the Executive Producer of K.Flex in Frankfurt.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUVRSRSKUKRAR