Live Company Group PLC Update on Formula E CapeTown Race
August 12 2021 - 2:00AM
RNS Non-Regulatory
TIDMLVCG
Live Company Group PLC
12 August 2021
12 August 2021
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
UPDATE ON FORMULA E CAPE TOWN RACE
Live Company Group plc (AIM: LVCG) is pleased to announce the
following progress with regards to the Formula E Cape Town race
planned for February 2022.
The Company notes various press releases locally in South Africa
and is pleased to confirm that the Cape Town Mayoral Committee has
agreed to the upcoming Formula E race proposed route and investment
in the track around Cape Town Stadium and Green Point Park and
recommends that the Council, with whom final approval stands,
confirm their support. This is an important step in the final
approval conditions precedent set by Formula E Holdings for the
Host Promoter Agreement.
The Company is also pleased to announce that a five year
Partnership has been agreed between e- Movement (the Company
responsible for the bid of the South African race) and the South
African Tourism board as the travel and tourism partner for the
race.
Bruce Parker-Forsyth, Managing Director of LCSE, said : " We are
delighted with the positive support from the City of Cape and South
African Tourism. Our next phase is the track reveal that should
happen in September where we will engage with all key stakeholders
and a number of corporate companies we have been in discussion
with"
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
David Ciclitira, Executive Chairman
Sarah Dees, Chief Operating Officer
Beaumont Cornish Limited (Nominated Adviser) Tel: 020 7628 3396
Roland Cornish/Rosalind Hill Abrahams
===================
Monecor (London) Limited (Broker) Tel: 020 7392 1436
Elliot Hance
===================
Note to Editors:
LVCG has a five year contract to sell sponsorship and for the
management of the Cape Town race with Formula e (with option for an
additional five years) through its ownership of E- Movement
Holdings Limited.
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. The Company also manages a
number of sports, entertainment and lifestyle events via its
recently created LCSE (Live Company Sports and Entertainment)
division. It also has a minority investment in Start.art.
Website: www.livecompanygroup.com.
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