REG - Live Company Group - Financial Update

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11/09/2024 10:15

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RNS Number : 7780D  Live Company Group PLC  11 September 2024

11 September 2024

 

 

 

 

 

LIVE COMPANY GROUP PLC

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

 

FINANCIAL UPDATE

 

 

The Company announces that the hearing for the winding up petition that was
heard yesterday in relation to its creditor Creative Technology Northern
Europe AB has been deferred until 8 October 2024.  LVCG has been notified of
two statutory demands pending, cumulatively totalling circa £40,000.  These
are both disputed and an application will be made to court to have both set
aside.

 

The Company continues to consult with its re-structuring advisors with a view
to putting LVCG into administration as soon as is practical.  The Company and
its administrators, when appointed, will continue to investigate opportunities
for maintaining some ongoing value for shareholders.

 

The Company announces that its substantive business, Brick Live International
Limited ('BLI'), has filed a Notice of Intention to appoint administrators
with the Court and will update the market further shortly.

 

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.

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