Update on Bright Bricks Deferred Consideration

RNS Number : 3073Q

Live Company Group PLC

18 October 2019

 

18 October 2019

LIVE COMPANY GROUP PLC

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

Update on Bright Bricks Deferred Consideration

Live Company Group plc (AIM: LVCG) announces that, further to the announcement of 5 October 2018, and the update provided in the Company's Interim Results, announced on 30 September 2019, the Company continues to be in advanced discussions with the vendors of Bright Bricks Holdings Limited regarding the settlement of the deferred consideration of, in aggregate, £0.833 million, due today, through the issue of new ordinary shares. Further announcements will be made as appropriate.

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 / James Dance

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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