Board Change and Financial Update

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: [phone]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams	Tel: [phone]
CMC Markets UK Plc Thomas Smith Douglas Crippen	Tel: [phone]

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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