LIVE COMPANY GROUP PLC

Legal Proceedings Report • Sep 11, 2024

National Storage Mechanism | Additional information

RNS Number : 7780D

Live Company Group PLC

11 September 2024

11 September 2024

LIVE COMPANY GROUP PLC

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

FINANCIAL UPDATE

The Company announces that the hearing for the winding up petition that was heard yesterday in relation to its creditor Creative Technology Northern Europe AB has been deferred until 8 October 2024.  LVCG has been notified of two statutory demands pending, cumulatively totalling circa £40,000.  These are both disputed and an application will be made to court to have both set aside.

The Company continues to consult with its re-structuring advisors with a view to putting LVCG into administration as soon as is practical.   The Company and its administrators, when appointed, will continue to investigate opportunities for maintaining some ongoing value for shareholders. 

The Company announces that its substantive business, Brick Live International Limited ('BLI'), has filed a Notice of Intention to appoint administrators with the Court and will update the market further shortly.

Enquiries:

Live Company Group Plc David Ciclitira, Executive Chairman	Tel: 020 7225 2000
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams	Tel: 020 7628 3396
CMC Markets UK Plc Thomas Smith Douglas Crippen	Tel: 020 3003 8255

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDFIFIAAVILLIS