Live Company Group PLC Director fees, settlement in shares (2243B)
February 10 2022 - 2:00AM
UK Regulatory
TIDMLVCG
RNS Number : 2243B
Live Company Group PLC
10 February 2022
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:
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 Ordinary shares of 1 penny each in the share capital
instrument 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) Price(s) Volume(s)
0.035 5,047,620
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 9(th) 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 Ordinary shares of 1 penny each in the share capital
instrument 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) Price(s) Volume(s)
0.035 747,667
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 9(th) 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 Ordinary shares of 1 penny each in the share capital
instrument 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) Price(s) Volume(s)
0.035 428,572
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
Aggregated volume Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 9(th) February 2022
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
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
Thomas Smith
===================
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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