Update re the Riverfort Facility

RNS Number : 7270V

Live Company Group PLC

05 December 2019

 

5 December 2019

LIVE COMPANY GROUP PLC

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

Update re the Riverfort Facility

Live Company Group plc (AIM: LVCG) provides the following update in respect of the £1.0 million Riverfort Facility.

Further to its announcement of 29 November 2019 (the "Announcement"), the Company confirms that discussions remain ongoing with the Investors, regarding the Proposed Extension, and, accordingly, the Investors have agreed to extend the payment of the Outstanding Balance due under the Facility from 5 December 2019 to 13 December 2019.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meaning as those used in the Announcement.

Further announcements will be made as appropriate.

David Ciclitira, Chairman LVCG commented: "I would like to thank shareholders for their support and patience whilst the Company continues its discussions with Riverfort.  I believe the outcome of these discussions will be genuinely positive for the Company and I remain confident about the Company's prospects for 2020 and 2021".

Enquiries:

Live Company Group Plc                                                                Tel: [phone]

David Ciclitira, Chairman

Ruth Cunningham, Chief Operating Officer

Strand Hanson Limited (Nominated Adviser)                               Tel: [phone]

Stuart Faulkner / Richard Tulloch / Georgia Langoulant

Shard Capital Partners LLP (Broker)                                             Tel: [phone]

Damon Heath

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.

Website: www.livecompanygroup.com.

 

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