10 February 2022
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
DIRECTOR FEES - SETTLEMENT IN SHARES
Live Company Group plc (AIM: LVCG) announces that in line with the strategy of cash preservation and cost savings it will issue 6,223,859 Ordinary shares in the Company in settlement of outstanding Director's fees. Senior Director Ranjit Marugasan will receive 5,047,620 Ordinary shares at 3.5p, Bryan Lawrie will receive 747,667 Ordinary shares at 3.5p and Stephen Birrell will receive 428,572 shares at 3.5p price. The issue price of 3.5p is close to the 3 month SWA of 3.55p and agreed by the board as a fair price. Post issuance the director's interest in the company will be:
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| Ordinary shares | % |
| David Ciclitira | 36,684,874 | 22.10 |
| Maria Serena Papi (Serenella Ciclitira) | 1,562 | 0.00 |
| Ranjit Murugason | 6,367,937 | 3.84 |
| Bryan Lawrie | 838,051 | 0.50 |
| Stephen Birrell | 428,572 | 0.26 |
AIM Application and Total Voting Rights
The Fee Shares amounting in aggregate to 6,223,859 new ordinary shares of 1p each ("New Shares") will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared in respect of such shares after the date of issue. Application will made for the New Shares to be admitted to trading on AIM which is expected to become effected on or around 15 February 2022 ("Admission").
Following Admission, the enlarged issued share capital of the Company will comprise 166,026,006 ordinary shares of 1p each ("Ordinary Shares"). Each Ordinary Share has one voting right. No Ordinary Shares are held in treasury. The above figure may be used by LVCG shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The Company also announces that the full board review is still ongoing.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Ranjit Murugason | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Live Company Group plc | ||||
| b) | LEI | 213800AQWQYC4FH91312 | ||||
| 4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each in the share capital of the Live Company Group plc | ||||
| Identification code | ISIN: GB00BGSGT481 | |||||
| b) | Nature of the Transaction | Issue of Ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A - single transaction | ||||
| e) | Date of the transaction | 9th February 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Bryan Lawrie | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Live Company Group plc | ||||
| b) | LEI | 213800AQWQYC4FH91312 | ||||
| 4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each in the share capital of the Live Company Group plc | ||||
| Identification code | ISIN: GB00BGSGT481 | |||||
| b) | Nature of the Transaction | Issue of Ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A - single transaction | ||||
| e) | Date of the transaction | 9th February 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Stephen Birrell | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Live Company Group plc | ||||
| b) | LEI | 213800AQWQYC4FH91312 | ||||
| 4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each in the share capital of the Live Company Group plc | ||||
| Identification code | ISIN: GB00BGSGT481 | |||||
| b) | Nature of the Transaction | Issue of Ordinary shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A - single transaction | ||||
| e) | Date of the transaction | 9th February 2022 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
| Live Company Group Plc David Ciclitira, Executive Chairman Sarah Dees, Chief Operating Officer | Tel: 020 7225 2000 |
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| Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams | Tel: 020 7628 3396 |
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| Monecor (London) Limited (Broker) Thomas Smith | Tel: 020 7392 1436 |
LIVE COMPANY GROUP
Live Company Group Plc ("LVCG", the "Company" or the "Group") is a live events, entertainment and sports events company, that has been trading on AIM since 2017.
The Group is divided into two divisions the first, BRICKLIVE, consisting of a network of partner-driven fan-based and touring 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. The Group is an independent producer of BRICKLIVE and is not associated with the LEGO Group.
The second, LCSE, manages a number of global sports, entertainment and lifestyle events. LCSEs main focus for 2021 has been the successful launch of the Formula E Cape Town race for series 9 in 2023.
It also has a minority investment in Start Art Global Ltd an on-line and physical art and digital art platform (www.start.art).
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