REG - Live Company Group - New auditor appointed and update on accounts

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21/06/2023 08:00

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RNS Number : 4214D  Live Company Group PLC  21 June 2023

21 June 2023

 

LIVE COMPANY GROUP PLC

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

 

NEW AUDITOR APPOINTMENT

UPDATE ON 2022 ACCOUNTS

 

 

LVCG PLC announces that it has appointed MHA  (an independent member of Baker
Tilly International) as the firm's new auditors with immediate effect.

The Company also notes that whilst the audit preparation for the Financial
Statements to 31 December 2022 ("Accounts") has been ongoing, the Accounts are
unlikely to be published by the 30 June 2023 as required by the AIM listing
Rules.  The Company has engaged additional resources to ensure the
publication of its financial statements  by the  31(st) July 2023

Accordingly, and pursuant to AIM Rule 40, the Exchange will suspend trading in
the Company's shares with effect from 07.30 on 3 July 2023.

The Company's outgoing auditors, Kingston Smith, have confirmed that there are
no matters connected with their resignation which should be brought to the
attention of the new auditors, members or creditors of the Company.

 

Chairman David Ciclitira commented: ' I am delighted to welcome MHA onboard
and expect that the June accounts will be published by the end of July.  We
are now able to look forward to updating our shareholders on a webinar to be
announced shortly.'

 

 

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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