Live Company Group PLC Announcement of Formula E Calendar (9779E)
13 July 2021 - 4:00PM
UK Regulatory
TIDMLVCG
RNS Number : 9779E
Live Company Group PLC
13 July 2021
13 July 2021
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
Announcement of Formula E Calendar
LVCG is pleased to announce that, further to the release dated 3
December 2020 where the Company announced the right to sell
sponsorship and the management for the Formula E Motor race in Cape
Town, as expected, the FiA and Formula E have ratified the
2021/2022 calendar to include Cape Town as the fourth race in the
series.
The Company reminds investors that this is a multi-year contract
(5 years plus option for another five years) and through its
ownership of E-Movement Holdings Limited is entitled to a
management fee for the staging of the race as well as having the
exclusive sponsorship rights. The final details of the race are in
the process of being confirmed but it is thought that the potential
revenue and profile uplift the Formula E race brings to the company
will be significant.
The full press release can be found here:
https://www.fiaformulae.com/en/news/2021/july/season-8-calendar-announcement
Chairman David Ciclitira commented "I am delighted that the hard
work in finalising the Formula E race in Cape Town is coming into
fruition. This announcement ratifies the Season 8 calendar and
returns single-seater FIA World Championship racing to the country
for the first time since the South African Grand Prix in 1993.
"
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
David Ciclitira, Executive Chairman
Sarah Dees, Chief Operating Officer
Beaumont Cornish Limited (Nominated Adviser) Tel: 020 7628 3396
Roland Cornish/Rosalind Hill Abrahams
===================
Monecor (London) Limited (Broker) Tel: 020 7392 1436
Elliot Hance
===================
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 and has an investment in an on-line art platform
Start.art.
Website: www.livecompanygroup.com.
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