Live Company Group PLC Update re BRICKLIVE Super Series & South Africa JV
November 06 2019 - 1:00AM
RNS Non-Regulatory
TIDMLVCG
Live Company Group PLC
06 November 2019
6 November 2019
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
Update re BRICKLIVE Super Series and South Africa JV
Live Company Group plc (AIM: LVCG) is pleased to provide the
following update in respect of its recent Super Series of events
and its new South African joint venture.
BRICKLIVE Super Series
The Group is pleased to announces that its BRICKLIVE Super
Series of events held across Europe from mid-September to early
November have been well received, with nearly 85,000 visitors
having attended the events. The six events took place in Liverpool
(UK), Brussels (Belgium), Geneva (Switzerland); Toulouse (France)
and Birmingham (UK), with the BRICKLIVE Brickosaurs event in
Cologne (Germany) still running until early January 2020.
The Group's flagship BRICKLIVE event, held at the NEC in
Birmingham between 31 October and 3 November 2019, sponsored by
Nick Jnr., was well received and attracted around 20,000
visitors.
The number of BRICKLIVE events that have occurred, or will occur
in 2019 has to-date risen to 70 and is expected to increase before
the end of the year, which the Board believes demonstrates the
demand and popularity of the BRICKLIVE brand.
BRICKLIVE Joint Venture, South Africa
The Group is also pleased to announce that its wholly-owned
subsidiary, BRICK LIVE International Limited ("BLI") has signed a
joint venture agreement with WORLDSPORT (PTY) Limited ("WSL"), a
company incorporated in South Africa, to create BRICKLIVE (South
Africa) Limited (the "Joint Venture"). The Joint Venture will be
owed 50.1% by the Company and 49.9% by WSL.
WSL is a leading event organiser based in South Africa,
organising, managing and marketing Sporting and Lifestyle
events.
Under the terms of the agreement, the Joint Venture will stage
and promote BRICKLIVE Shows and identify customers for the
BRICKLIVE corporate builds and customer sets in South Africa.
Pursuant to the agreement, BLI will provide the Joint Venture with
content and WSL will promote and organise the shows and tours. The
Group expect the first BRICKLIVE Show to occur in Cape Town in the
first half of 2020.
David Ciclitira, Chairman said: "The BRICKLIVE Super Series has
been very successful and we are already planning for next year's
Super Series. The success of the Super Series owes a great deal to
the amazing BRICKLIVE team, who tirelessly worked towards the
success of these events. If I look back to the same period two
years ago, BRICKLIVE had only one event. To already have hit 70
events this year demonstrates the tremendous demand for the
BRICKLIVE brand, which I fully expect to grow year on year.
We are also delighted to be working with WSL to bring BRICKLIVE
to South Africa in 2020, which represents another new territory for
the Group. Establishing partnerships in the southern hemisphere
will enable the Group to maximise the utilisation of our assets
during the European winter months. We are continually developing
relationships to expand the BRICKLIVE brand globally."
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
David Ciclitira, Chairman
Ruth Cunningham, Chief Operating Officer
Strand Hanson Limited (Nominated Adviser) Tel: 020 7409 3494
Stuart Faulkner / Richard Tulloch / Georgia Langoulant
Shard Capital Partners LLP (Broker) Tel: 020 7186 9952
Damon Heath
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.
Website: www.livecompanygroup.com.
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END
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