LVCG.L

Live Co. Group Plc
Live Company Group - Board Change and Financial Update
5th September 2024, 14:11
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RNS Number : 1239D
Live Company Group PLC
05 September 2024
 

5 September 2024

 

 

 

LIVE COMPANY GROUP PLC

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

 

NED'S RESIGNATION AND FINANCIAL UPDATE

 

 

Resignation of Ranjit Murugason

 

The Company has previously announced on 28 March 2024 that Senior NED Ranjit Murugason had notified the board of his intention to resign from the board with an effective date of 28 June 2024. This period for his departure was extended to remain on the board until the cornerstone agreement under negotiation would be signed and finalised.  As this agreement has not completed and further to his resignation on 28 March 2024, Ranjit Murugason has notified the board of his intention leave the board effective immediately

 

Financial Update

 

Further to the RNS of 23 August 2024, the Company announces that it continues to work with its restructuring advisers regarding the Company's financial position and pressing creditor matters, and hopes to make a further announcement in this regard as soon as possible.

 

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.

 

 

 

 

 

 

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 two active 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 shows are produced in partnership with SBS - the Korean television network. Additionally, the Company owns the rights to the K.Flex brand and has been the Executive Producer of K.Flex in Frankfurt. 

 

 

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