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Live Company Group PLC (LVCG) announced on 23 August 2024 that the publication of its 2023 results, previously targeted for the end of September 2024, has been delayed, and its 2024 interims are also likely to be published after the 30 September 2024 deadline. Stephen Birrell resigned as a Non-Executive Board Director, and LVCG is currently in discussions with a potential cornerstone investor while taking advice and reviewing options with restructuring advisors.
| Date | 23 Aug 2024 |
| Time | 10:01:06 |
| Category | Corporate updates |
| ID | 5995B |
23 August 2024
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
UPDATE ON 2023 ACCOUNTS
NED'S RESIGNATION
CORNERSTONE INVESTOR AND FINANCIAL UPDATE
2023 Accounts and 2024 Interims Update
LVCG PLC provides an update on its Accounts. The Company previously announced on 31 July 2024 that its 2023 results would be published by/at the end of September 2024. Despite efforts from the Company and its Auditor this timetable has been pushed back and discussions are on-going with regard to a new publication date. The Company announces that its 2024 interims are also likely to be published post the 30 September 2024 deadline.
Resignation of Stephen Birrell
The Company announces the resignation of Stephen Birrell as a Non-Executive Board Director due to a significant increase in his non LVCG workload, which has resulted in him no longer being able to give the time required to the Company.
Cornerstone Investor and Financial Update
The Company is still in discussion with one of the potential Cornerstone Investors, however due to its reliance on this investment, which has not been forthcoming as yet, the Company is currently taking advice and reviewing available options with restructuring advisors.
Enquiries:
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Live Company Group Plc David Ciclitira, Executive Chairman
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Tel: 020 7225 2000 |
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Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams |
Tel: 020 7628 3396 |
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CMC Markets UK Plc Thomas Smith Douglas Crippen |
Tel: 020 3003 8255 |
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.