Live Co Group PLC - UK-based live events and entertainment company - Confirms that ticket sales for its new Kpop.Flex festival have "far outmatched expectations", with over 10,000 tickets already sold in forty countries despite only two artists being confirmed. Patrik Meyer from Frankfurt Stadium, where the festival is being held, describes the "quite unbelievable numbers in the middle of corona", with buyers of tickets from all over Europe and not just Germany. To provide funding for the Kpop.Flex festival, Live Co has raised GBP400,000 through a placing of 11.4 million shares at 3.5 pence each.
Chair David Ciclitira comments: "We have been overwhelmed by the positive reception received for Kpop.Flex and the tickets sold to date reflect that this is a festival with plenty of demand. Our partners both in Germany and Korea are delighted with the progress to date."
Current stock price: 3.35 pence
Year-to-date change: down 25%
By Will Paige; willpaige@alliancenews.com
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