Live Company Group PLC Shares issued for cash consideration and TVR (6855C)
13 October 2022 - 12:11AM
UK Regulatory
TIDMLVCG
RNS Number : 6855C
Live Company Group PLC
12 October 2022
12(th) October 2022
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
ISSUE OF SHARES FOR CASH CONSIDERATON OF START.ART
ACQUISITION
DIRECTOR/PDMR SHAREHOLDING
TOTAL VOTING RIGHTS
LVCG announces that following the announcement on 8 July 2022,
which detailed the terms of the Start. Art acquisition, Ranjit
Murugason, a director of the Company, has agreed to accept the cash
consideration of GBP120,000 that fell due on completion of the
acquisition in ordinary shares of the company.
A total of 4,000,000 ordinary shares of 1p nominal value each
('Director Shares") have been allotted conditional only on
Admission at 3.0 pence per share. The Director Shares will be
issued at a price of 3.0p.
Application has been made for admission of the 4,000,000 new
Ordinary Shares, which will rank pari passu with existing Ordinary
Shares, to trading on AIM ("Admission") and which is expected on or
around 19 October 2022.
Following Admission, the enlarged issued share capital of the
Company will comprise 232,569,604 ordinary shares of 1p each
("Ordinary Shares"). Each Ordinary Share has one voting right. No
Ordinary Shares are held in treasury. The above figure may be used
by LVCG 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, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Further to the issue of the Director Shares, Ranjit Murugason,
now holds 10,962,928 ordinary shares in the Company, representing a
holding of 4.71% in the enlarged issued share capital.
Further details and the information required in accordance with
the requirements of Article 19(3) of the Market Abuse Regulation No
596/2014 (as retained and applicable in the UK pursuant to section
3 of the European Union (Withdrawal) Act 2018) ("UK MAR") are set
out at the end of this announcement.
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
===================
Oval(X) (Broker) Tel: 020 7392 1436
Thomas Smith
===================
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 four 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. The second is KPOP which owns the K.flex
brand. K.flex is Europe's first ever Mega KPOP music festival. The
third is Live Company Sports and Entertainment, which manages a
number of global sports, entertainment and lifestyle events. The
fourth division is StART Art Global. StART Art Global is a
combination of both physical art shows and a digital art
platform.
The below notification is made in accordance with the
requirements of UK MAR.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ranjit Murugason
-------------------------------------------------------- -------------------------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Live Company Group plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800AQWQYC4FH91312
-------------------------------------------------------- -------------------------------------------------------
4. Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv)each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the Financial instrument, type of Ordinary shares of 1 penny each in the share capital
instrument of the Live Company Group plc
-------------------------------------------------------- -------------------------------------------------------
Identification code ISIN: GB00BGSGT481
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the Transaction Issue of Ordinary shares pursuant to cash
consideration being accepted in shares
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.0 pence 4,000,000
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 10 October 2022
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
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END
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