Live Company Group PLC Directorate/staff changes and Company Update (9474F)
November 01 2018 - 2:00AM
UK Regulatory
TIDMLVCG
RNS Number : 9474F
Live Company Group PLC
01 November 2018
1 November 2018
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
Directorate and staff changes and Company update
Further to the Company's announcement on 5 October 2018, the
Company is pleased to confirm the following appointments to the
Live Company Group Board with effect from today:
- Trudy Norris-Grey joins as independent Non-Executive Director.
She will also sit on the Remuneration Committee; and
- Simon Horgan joins as Non-Executive Director, providing the
Group with a wealth of industry and strategic experience.
The Company also announces the following senior management
appointments in connection with the business combination and
integration subsequent to the Group's acquisition of Bright
Bricks:
-- Andy Smith as Executive Chairman of Bright Bricks. Andy will
continue is his role as Chief Strategic Officer on the Board of
Live Company Group;
-- Tina Anthony, as Live Company Group Director Business Development;
-- Ruth Cunningham joins as Live Company Chief Operating Officer;
-- Jon Gayton moves into his new role as Chief Operating Officer of Bricklive Group;
-- Paul Randall joins as Live Company Group Financial
Controller, reporting to Bryan Lawrie, Chief Financial Officer;
-- Paul Esson moves to Sales and Marketing Director of Bright Bricks.
The Company has held discussions with candidates on the
appointment of a further independent Non-Executive Director, who
would add public company experience to the Board. Further details
will be notified at the appropriate time.
On 25 October 2018 the Company announced that it had secured new
contracts internationally with Zoos for Bricklive Animal Paradise.
To fulfil these contracts the Company needs to fast track its
previously planned building program and in order to facilitate this
the Board have taken the decision to draw down the full working
capital facility, details of which were notified on 17 October
2018, in the coming weeks. It is the Company's intention to repay
the facility in cash.
David Ciclitira, Executive Chairman at Live Company Group, said:
"We are pleased that our integration strategy is going to plan and
that we are able to fast track the Group's build program to meet
its new commitments. These new and internal appointments bring a
wealth of experience to the Group that will enable increased
development. Today also marks the start of the Company's flagship
event, BRICKLIVE Birmingham. Year upon year this event brings back
Fans and this year it is even more special as it marks the first
BRICKLIVE event with Bright Bricks as part of the Group. Over 50
LEGO(R) models built by Bright Bricks 'Mythical Beasts' are the
star of this years show, inspired by legends from Ancient
Greece."
-END-
Enquiries:
Live Company Group Plc
David Ciclitira Tel: 020 7225 2000
Stockdale Securities Limited
Richard Johnson / Edward Thomas Tel: 020 7601 6100
Shard Capital Partners LLP
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 promote BRICKLIVE in the USA. It is responsible for
running and promoting those events through its US joint venture,
Parallel Three Six Zero. The first event will be taking place at
The Star in Frisco in January 2019.
Bright Bricks
Bright Bricks Ltd was established in 2010 and has built over
1,000 models made from more than 60 million LEGO bricks since then.
Clients include major blue chip companies such as: Rolls-Royce,
Google, BT, Land Rover, Warner Brothers, LEGO, General Electric,
The National Gallery, Maersk and Lufthansa.
Website: www.livecompanygroup.com
www.brightbricks.com
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.
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.
END
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