New auditor appointed and update on accounts

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 David Ciclitira, Executive Chairman Sarah Dees, Chief Operating Officer	Tel: [phone]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams	Tel: [phone]
CMC Markets UK Plc Thomas Smith Douglas Crippen	Tel: [phone]

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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