REG - Live Company Group - KPOPLUX London event details confirmed, funding

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08/08/2023 15:15

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RNS Number : 6937I  Live Company Group PLC  08 August 2023

8 August 2023

 

LIVE COMPANY GROUP PLC

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

 

KPOP LUX LONDON

Confirmation of event details and funding arrangements

 

 

LVCG PLC is pleased to provide an update on the KPOPLUX SBS Super Concert
London ("the Event") that takes place at the O2 arena from 22(nd) to the
24(th) September 2023.

The Company is now able to announce that tickets will be going on sale through
AXS on the O2 website and through ticketmaster.co.uk.   Pre-sale is
Wednesday and Thursday with general sale on Friday the 11(th).

The headline acts for each day have been announced as THE BOYZ, TOMORROW X
TOGETHER.  Further acts will be announced over the coming days.

The Company has arranged a short-term loan from a number of private investors
in the UK entertainment and media industries to provide the £1.25 million
 needed to help fund the Event, the first £600,000 of which has been
received.

A short form loan agreement has been signed and it is envisaged that a long
form contract will be finalised later this month which is envisaged to include
security and liens over Event income, a fixed repayment liability of £1.65
million and only in the event of default a 20% share of Event profits. When
this is executed, the Company will provide further details.

 

Revenue

 

LVCG (via its wholly owned subsidiary KPOP LUX  Limited) earns net revenue
from a share of ticket sales, merchandising, sponsorship and streaming as well
as an Executive Producer fee and Global Marketing fee.

 

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

 CMC Markets UK Plc                            Tel: 020 3003 8255

 Thomas Smith

 Douglas Crippen

 

 

 

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.

 

·    LVCG 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.

KPOP -  the company owns the rights to the K.Flex brand is a partner and the
Executive Producer of K.Flex in Frankfurt.

 

·    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.

 

·    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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