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BRICKLIVE UPDATE

3 Mar 2020 07:00

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;

· £3.2 million contracted revenue secured for 2020;

· £1.1 million contracted revenue secured for 2021;

· Additional £185k in 2020 and £228k 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. As 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.

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.
 
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UPDFLFITVLIFIII
Date   Source Headline
23rd Jun 20207:00 amRNSChange of Adviser
23rd Jun 20207:00 amRNSFinal Results
19th May 20207:00 amRNSOperation Update
5th May 20207:30 amRNSISSUE OF SHARES RE COST SAVING INITIATIVES
30th Apr 20207:00 amRNSFUNDING AND EXTENSION OF COST SAVING INITIATIVES
17th Apr 20201:03 pmRNSHolding(s) in Company
15th Apr 20208:43 amRNSIssue of Equity and Total Voting Rights
15th Apr 20207:00 amRNSOperational and Corporate Update
1st Apr 202012:35 pmRNSHolding(s) in Company
18th Mar 20207:00 amRNSPADDINGTON BEAR THEMED BRICKLIVE TOUR
9th Mar 20207:00 amRNSPETER RABBIT THEMED BRICKLIVE TOUR
3rd Mar 20207:00 amRNSBRICKLIVE UPDATE
28th Feb 20205:40 pmRNSUpdate regarding Loan Facilities and ESA
17th Jan 20207:00 amRNSTRADING AND OPERATIONAL UPDATE
14th Jan 20207:00 amRNSMULTI YEAR AGREEMENT WITH ENTERTAINMENT ONE
8th Jan 20205:58 pmRNSHolding(s) in Company
20th Dec 20197:00 amRNSHolding(s) in Company
20th Dec 20197:00 amRNSHolding(s) in Company
20th Dec 20197:00 amRNSBricklive Zoo Programme
20th Dec 20197:00 amRNSHolding(s) in Company
16th Dec 20197:00 amRNSUPDATE REGARDING BRICKLIVE TOURS & FINANCING
9th Dec 20197:00 amRNSDirector/PDMR Shareholding
5th Dec 20197:00 amRNSUpdate re the Riverfort Facility
29th Nov 201911:51 amRNSUpdate re the Riverfort Facility
25th Nov 20197:00 amRNSDEFERRED CONSIDERATION AND ISSUE OF FEE SHARES
22nd Nov 20197:00 amRNSEXPANSION OF NICKELODEON PARTNERSHIP & ZOO UPDATE
6th Nov 20197:00 amRNSUpdate re BRICKLIVE Super Series & South Africa JV
18th Oct 20197:00 amRNSUpdate on Bright Bricks Deferred Consideration
2nd Oct 20197:00 amRNSBRICKLIVE Shows and BRICKLIVE Tours Update
30th Sep 20197:01 amRNSHalf-year Report
30th Sep 20197:00 amRNSDirectorate Change
3rd Sep 20197:00 amRNSAgreement with Snowman Enterprises Limited
29th Aug 20197:00 amRNSPartnership with Imagine Exhibitions
27th Aug 20197:00 amRNSOperational Update
23rd Aug 20192:00 pmRNSDirectorate/Management Changes & Contract Updates
19th Jul 201910:30 amRNSResult of Annual General Meeting
5th Jul 20197:00 amRNSTrading Statement
25th Jun 20197:00 amRNSNotice of Annual General Meeting
18th Jun 20197:00 amRNSDirector/PDMR Shareholding
17th Jun 20197:00 amRNSBRICKLIVE ANIMAL PARADISE TOUR IN JAPAN
14th Jun 20197:17 amRNS2018 Full Year Audited Results
13th Jun 20197:00 amRNSAgreement with HADRAN
12th Jun 20197:00 amRNSAGREEMENT WITH NICKELODEON UK LIMITED
10th Jun 20197:00 amRNSAgreement with SMG Europe for BRICKLIVE show
31st May 20197:00 amRNSUpdate Re Subscription
22nd May 20198:18 amRNSLicensing and Merchandising Agreement
13th May 20197:00 amRNSBRICKLIVE Shows in Brussels, Belgium
7th May 20197:00 amRNSTouring Exhibitions Meeting and Update on China
25th Apr 20197:00 amRNSLaunch of BRICKLIVE Ocean, Edinburgh Zoo
2nd Apr 20197:45 amRNSGrant of Options, Proposed Bonus & Issue of Shares

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