Live Company Group PLC Directorate/staff changes and Company Update (9474F)

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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."

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Enquiries:

Live Company Group Plc

   David Ciclitira                                                             Tel: [phone] 

Stockdale Securities Limited

   Richard Johnson / Edward Thomas                             Tel: [phone] 

Shard Capital Partners LLP

   Damon Heath                                                               Tel: [phone] 

W Communications, PR agency

   James Porter                                                                 Tel: [phone] 

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 [e-mail] or visit www.rns.com.

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November 01, 2018 03:00 ET (07:00 GMT)