Live Company Group PLC BRICKLIVE UPDATE (7625E)
March 03 2020 - 1:00AM
UK Regulatory
TIDMLVCG
RNS Number : 7625E
Live Company Group PLC
03 March 2020
3 March 2020
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
BRICKLIVE UPDATE
Live Company Group plc (AIM: LVCG) is pleased to provide the
following update.
Highlights:
The Company is pleased to announce the following highlights
since mid-January 2020:
-- Achieved strong growth in the first 2 months of the year;
-- GBP3.2 million contracted revenue secured for 2020;
-- GBP1.1 million contracted revenue secured for 2021;
-- Additional GBP185k in 2020 and GBP228k in 2021 pre-contracted
revenue (awaiting final signature);
-- 2 new zoo contracts announced today;
-- 29 BRICKLIVE events already planned for 2020; and
-- 18 themed tours in circulation with a further 3 under construction.
David Ciclitira, Chairman of LVCG said : "We are encouraged with
the progress and growth the Group has made so early in 2020, we
have built a healthy pipeline of contracts for the coming months
which are spread over a broad number of divisions, providing us
with confidence in our portfolio approach.
We have secured two new zoo contracts and seen the number of
touring shows increase and we continue to receive positive feedback
from our existing clients.
Whilst, the Coronavirus has had a direct effect on operations in
China and Asia, this has already been accounted for within our
revenue targets. The majority of our activities in this region will
occur in the second half of 2020 and the Board does not currently
believe the Coronavirus will impact the overall performance of the
Group, though we will continue to closely monitor the situation. A
s last weekend's successful events (Paw Patrol - Bracknell, Nick
Jr. in Whiterose Shopping Centre, Leeds) illustrate, it is very
much business as usual.
Our diversified business model allows us flexibility to focus on
growth within our portfolio at the most appropriate times in the
year and we remain on track to hit our financial targets for
2020."
BRICKLIVE Update
BRICKLIVE Zoo Programme
The Company reports its wholly owned subsidiary, Brick Live
International Limited ("BLI"), has signed the following agreements
with new customers:
-- Allwetter Zoo, Munster, Germany to hire BRICKLIVE Big Cats from March to July 2020; and
-- Bristol Zoo, UK to hire BRICKLIVE Ocean from July to September 2020.
Production and Events
The Group has also announced 29 BRICKLIVE events globally in
2020, against a target of 75 for the year. A list of events is
published on the Company's website. The Board expects this number
to increase further as more events are announced by our
partners.
The Group is also pleased to report that the BRICKLIVE Nick Jr.
touring show has now been built, resulting in 18 themed touring
shows in circulation. A further three themed tours are currently
under construction.
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
Ruth Cunningham , Chief Operating Officer
Strand Hanson Limited (Nominated Adviser) Tel: 020 7409 3494
Stuart Faulkner / Richard Tulloch / James Dance
Shard Capital Partners LLP (Broker) Tel: 020 7186 9952
Damon Heath
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
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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