Live Company Group PLC KPop.Flex - signature of merchandising agreement (3553D)
March 02 2022 - 3:15AM
UK Regulatory
TIDMLVCG
RNS Number : 3553D
Live Company Group PLC
02 March 2022
2 March 2022
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
KPOP.FLEX: SIGNATURE OF MERCHANDISING AGREEMENT
Live Company Group plc (AIM: LVCG) is pleased to announce the
signature of the merchandising agreement for KPOP.Flex with KPE
(50% owned subsidiary of LVCG, the "Licensor") and Nylon
Merchandising Limited (the"Licensee")
Highlights
-- Sale of merchandising at the KPOP.Flex concert and fan fest
taking place in Frankfurt on 14 and 15(th) May 2022
-- Minimum guarantee due to the Licensor from the Licencee
-- Use of KPOP.FLEX and FLEXEY names and associated logos to
develop, manufacture, advertise and sell certain approved goods
granted by LVCG to Nylon Merchandising Limited
-- 75% of Net profit from the sale of all merchandise at the
festival, online and off-site is payable to LVCG with 25% payable
to the Licensee
-- Intellectual property (IP) for the merchandise remains with LVCG
Nylon Merchandising Limited
Nylon have over twenty years of experience across worldwide
touring, online, retail and licencing merchandise experience. Their
artist list includes Blondie, Sting, Celine Dion, ACDC and
Aerosmith.
Chairman David Ciclitira Commented:
"I am delighted to conclude the merchandising agreement for
KPOP.Flex and the fan festival. Nylon are a world class
merchandising firm who work with some of the most famous artists in
the music business and I look forward to working with them on
KPOP.Flex and beyond with potentially additional releases of FLEXEY
Mascot Character for seasons like Christmas and Easter. Investors
can see all the merchandising images on KPOP.flex social media.
"
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"),
and is disclosed in accordance with the Company's obligations under
Article 17 of MAR.
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 four divisions; 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 is Kpop Europa (KPE), which owns
the kpop.flex brand. KPE is a joint venture between LVCG and the
Explorado Group. Kpop.flex is Europe's first ever Mega KPOP music
festival. The third is Live Company Sports and Entertainment, which
manages a number of global sports, entertainment and lifestyle
events. LCSEs main focus for 2022 will be Cape Town Cycle Tour and
the successful one year out launch of the Formula E Cape Town race
for series 9 in 2023. The fourth division is StART Art Global, in
which LVCG holds a 13.5% stake. StART Art Global is a combination
of both physical art shows and a digital art platform.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGIGDXDBGDGDD
(END) Dow Jones Newswires
March 02, 2022 03:15 ET (08:15 GMT)
Live (LSE:LVCG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Live (LSE:LVCG)
Historical Stock Chart
From Jul 2023 to Jul 2024