Live Company Group PLC BRICKLIVE Brazil contract and Placing (1601B)
08 January 2018 - 6:00PM
UK Regulatory
TIDMLVCG
RNS Number : 1601B
Live Company Group PLC
08 January 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
JAPAN, AUSTRALIA, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
8 January 2018
LIVE COMPANY GROUP PLC ("LVCG" or the "Company")
Significant new BRICKLIVE contract in Brazil and oversubscribed
placing to raise GBP1.6 million
BRICKLIVE
LVCG is pleased to announce that Bricklive International Limited
("BLI"), a subsidiary of the newly acquired Bricklive Group Limited
has today entered into a six-year contract with Universal
Entretenimento e Produções LTDA ("UEP") for BRICKLIVE events in
Brazil. The contract provides a guaranteed 30 events every 15
months (a "Period"), which will increase the number of contracted
BRICKLIVE events in 2018 to approximately 60, twice the number of
shows previously contracted for the year.
Under the new contract, UEP will organize, promote and stage
each BRICKLIVE event, and BLI will source and provide content for
the events. BLI shall receive license fees with the potential for
further revenues through merchandising and additional content
income.
PLACING
In order to support the continued expansion of BRICKLIVE's
increased network in South America and Asia, LVCG also announces
that it has raised GBP1.6 million (gross) through an oversubscribed
private placing by Shard Capital Partners LLP of 4,571,425 new
ordinary shares of 1p each in the Company ("Shares") at a price of
35 pence per new Share.
The new Shares rank pari passu with the Company's existing
issued Shares and are being issued under the Company's existing
share authorities. The placing price represents a discount of 18
per cent. to the closing price on 5 January 2018 and a premium of
17 per cent. to the price of the Company's placing completed in
December 2017.
Application has been made for the admission of the 4,571,425 new
Shares to trading on AIM ("Admission") and dealings are expected to
commence on 15 January 2018.
Following Admission, the enlarged issued share capital of the
Company will comprise 52,779,218 Shares. Each Share has one voting
right. No Shares are held in treasury. Accordingly, the total
number of voting rights will be 52,779,218. The above figure may be
used by Shareholders as the denominator for the calculation by
which they will determine if they are required to notify their
interest in, or a change to their interest in, Live Company Group
plc under the FCA's Disclosure Guidance and Transparency Rules.
LVCG's Executive Chairman David Ciclitira stated: "To start 2018
with such a significant increase in contracted events speaks
volumes for the success of the BRICKLIVE brand. Having had such a
successful start to the year, I look forward to continued growth in
2018, especially in our expanded emerging markets. We are delighted
to welcome our new institutional and other investors to the
register, including Miton Group plc."
The Company also announces the appointment of Shard Capital
Partners LLP as its joint broker alongside existing broker and
nominated adviser Stockdale Securities Limited.
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon
publication of this Announcement, this information is now
considered to be in the public domain.
Enquiries:
Live Company Group Plc
David Ciclitira Tel: 020 7225 2000
Stockdale Securities Limited, Nominated Adviser and Joint
Broker
Richard Johnson / Edward Thomas Tel: 020 7601 6100
Shard Capital Partners LLP, Joint Broker
Damon Heath Tel: 0207 186 9950
W Communications, PR agency
James Porter Tel: 07568 514 244
About the Company:
Brick Live Group
Brick Live is a network of partner-driven fan-based shows using
BRICKLIVE-created content worldwide. It owns the rights to
BRICKLIVE - interactive experiences built around the creative ethos
of the world's most popular construction toy - LEGO(R). BRICKLIVE
actively encourages all to learn, build and play, and provides an
inspirational central space where like-minded fans can push the
boundaries of their creativity. Brick Live Group is not associated
with the LEGO Group and is an independent producer of
BRICKLIVE.
Parallel Live Group
Parallel Live was founded by David Ciclitira in 2015 and owns
the rights to LEGO(R) LIVE in the USA as part of a three-year
contract. It will be responsible for running and promoting those
events. Including the location hire, event design, event
construction, advertising and marketing, media planning, website
design, event management, public relations and ticket sales, while
Lego Systems, Inc will provide some of the content.
Website: www.livecompanygroup.com
LEI: 213800AQWQYC4FH91312
This information is provided by RNS
The company news service from the London Stock Exchange
END
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