LVCG.L

Live Co. Group Plc
Live Company Group - Financial Update
11th September 2024, 09:05
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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

David Ciclitira, Executive Chairman

 

Tel: 020 7225 2000



Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Rosalind Hill Abrahams

Tel: 020 7628 3396



CMC Markets UK Plc

Thomas Smith

Douglas Crippen

Tel: 020 3003 8255

 

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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