Update on Formula E CapeTown Race

RNS Number : 3712I

Live Company Group PLC

12 August 2021

 

12 August 2021

LIVE COMPANY GROUP PLC

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

UPDATE ON FORMULA E CAPE TOWN RACE

Live Company Group plc (AIM: LVCG) is pleased to announce the following progress with regards to the Formula E Cape Town race planned for February 2022.

The Company notes various press releases locally in South Africa and is pleased to confirm that the Cape Town Mayoral Committee has agreed to the upcoming Formula E race proposed route and investment in the track  around Cape Town Stadium and Green Point Park and recommends that the Council, with whom final approval stands, confirm their support. This is an important step in the final approval conditions precedent set by Formula E Holdings for the Host Promoter Agreement.

The Company is also pleased to announce that a five year Partnership has been agreed between e- Movement (the Company responsible for the bid of the South African race) and the South African Tourism board as the travel and tourism partner for the race.

Bruce Parker-Forsyth, Managing Director of LCSE, said : " We are delighted with the positive support from the City of Cape and South African Tourism. Our next phase is the track reveal that should happen in September where we will engage with all key stakeholders and a number of corporate companies we have been in discussion with"

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]
Monecor (London) Limited (Broker) Elliot Hance	Tel: [phone]

Note to Editors:

LVCG has a five year contract to sell sponsorship and for the management of the Cape Town race with Formula e (with option for an additional five years) through its ownership of E- Movement Holdings Limited.

LIVE COMPANY GROUP

Live Company Group plc ("LVCG", the "Company" or the "Group") is a live events and entertainment company, founded by David Ciclitira in December 2017.  The Company was admitted to trading on AIM in December 2017, following the reverse acquisition of Brick Live Group and Parallel Live Group by LVCG.

The Group is a network of partner-driven fan-based 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.  BRICKLIVE, which is fast becoming a leading children's education and entertainment brand, actively encourages all to learn, build and play, and provides inspirational events and shows where like-minded fans can push the boundaries of their creativity.  Bright Bricks is the Group's production centre for building brick based models.  The Group is an independent producer of BRICKLIVE and is not associated with the LEGO Group. The Company also manages a number of sports, entertainment and lifestyle events via its recently created LCSE (Live Company Sports and Entertainment) division. It also has a minority investment in Start.art.

Website: www.livecompanygroup.com.

 

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