REG - Live Company Group - Shares issued for cash consideration and TVR

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12/10/2022 14:15

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RNS Number : 6855C  Live Company Group PLC  12 October 2022

12(th) October 2022

 

LIVE COMPANY GROUP PLC

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

 

ISSUE OF SHARES FOR CASH CONSIDERATON OF START.ART ACQUISITION

 

DIRECTOR/PDMR SHAREHOLDING

 

TOTAL VOTING RIGHTS

LVCG announces that following the announcement on 8 July 2022, which detailed
the terms of the Start. Art acquisition, Ranjit Murugason, a director of the
Company, has agreed to accept the cash consideration of £120,000 that fell
due on completion of the acquisition in ordinary shares of the company.

A total of 4,000,000 ordinary shares of 1p nominal value each ('Director
Shares") have been allotted conditional only on Admission at 3.0 pence per
share. The Director Shares will be issued at a price of 3.0p.

 

Application has been made for admission of the 4,000,000 new Ordinary Shares,
which will rank pari passu with existing Ordinary Shares, to trading on AIM
("Admission") and which is expected on or around 19 October 2022.

Following Admission, the enlarged issued share capital of the Company will
comprise 232,569,604 ordinary shares of 1p each ("Ordinary Shares"). Each
Ordinary Share has one voting right. No Ordinary Shares are held in treasury.
The above figure may be used by LVCG shareholders as the denominator for the
calculation by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

Further to the issue of the Director Shares,  Ranjit Murugason, now holds
10,962,928 ordinary shares in the Company, representing a holding of 4.71% in
the enlarged issued share capital.

 

Further details and the information required in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation No 596/2014 (as
retained and applicable in the UK pursuant to section 3 of the European Union
(Withdrawal) Act 2018) ("UK MAR") are set out at the end of this announcement.

 

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

 

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.  The second is KPOP which owns the
K.flex brand. K.flex is Europe's first ever Mega KPOP music festival.  The
third is Live Company Sports and Entertainment, which manages a number of
global sports, entertainment and lifestyle events.  The fourth division is
StART Art Global. StART Art Global is a combination of both physical art shows
and a digital art platform.

 

 

The below notification is made in accordance with the requirements of UK MAR.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Ranjit Murugason
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Live Company Group plc
 b)  LEI                                                          213800AQWQYC4FH91312
 4.  Details of the transaction(s):section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary shares of 1 penny each in the share capital of the Live Company Group
                                                                  plc
     Identification code                                          ISIN: GB00BGSGT481
 b)  Nature of the Transaction                                    Issue of Ordinary shares pursuant to cash consideration being accepted in
                                                                  shares
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  3.0 pence  4,000,000
 d)  Aggregated information                                       N/A - single transaction

     Aggregated volume Price
 e)  Date of the transaction                                      10 October 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A - single transaction

e)

Date of the transaction

10 October 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

 

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