TRADING UPDATES: Live Co fails to reach agreement with creditor
9th Sep 2024 22:02
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Live Co Group PLC - Surrey, England-based live events, entertainment & sports events company - Says talks with a potential Cornerstone investor continue but due its reliance on this investment, which has not been forthcoming as yet, it is currently taking advice and reviewing available options with restructuring advisors. Says 2023 results are likely to be published in September, later than planned. In addition, Stephen Birrell resigns as a non-executive director. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, not separately reported by Alliance News: Read More
Live Co Group PLC - Surrey, England-based live events, entertainment & sports events company - Announces that due diligence with the cornerstone investor is progressing, with positive conversations around potential joint events taking place. However there is still some work to be completed which the board and management team are focussed on bringing to conclusion. Stresses a satisfactory conclusion of a transaction with the potential cornerstone investors is important to ongoing financing arrangements given the shortfall in the anticipated business of the Brick Live Division. Further, announces that six new Brick Live events have been signed since the last update In March, taking the number of signed shows for 2024 to 21. In addition, does not expect 2023 results to be published by the end of June and thus expects shares to be suspended from July 1. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Live Co Group PLC - Surrey-based live events and entertainment group - Says it is finalising its capital arrangements, including a GBP200,000 injection from Chair David Ciclitira via an additional convertible loan at a 3 pence conversion price. Says it has also been with two separate unnamed strategic investors. Says: "Whilst both negotiations are ongoing, one of these has already resulted in a signed agreement. Any investments from these new strategic partners will be for further business development." Live Co says it aims to complete its initial financing arrangements by March 8 and will remain suspended until that date. Read More
(Alliance News) - Live Co Group PLC on Tuesday said that it remains uncertain whether it can continue as a going concern, despite undertaking significant cost-cutting measures between 2022 and 2023. Read More
Live Co Group PLC - Surrey, England-based live events and entertainment company - Confirms that it has completed all matters, except for a placing which it expects to complete on Monday next week to enable re-trading of its shares on AIM in London. Says failure to do so will result in cancellation of trading on AIM with effect from Tuesday next week. On Thursday, it said it remained hopeful of completing all matters relating to its overdue 2022 results and interim first half accounts by the end of the week to enable to re-trading of it shares on AIM in London. Earlier this month, it reiterated it was in the process of finalising its accounts, envisaging completion by the end of January. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Live Co Group PLC - Surrey, England-based live events and entertainment company - Reiterates it is in the process of finalising its overdue 2022 results and interim first half accounts, envisaging completion by the end of January. At the end of December, it said it agreed with AIM that the cancellation of trading shares on AIM would take place on February 1. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Echo Energy PLC - Latin America-focused exploration company - Hires "highly experienced geoscientist" Stephen Birrell as new chief executive officer, effective immediately. Birrell is currently a non-executive director at Coro Energy PLC and Live Co Group PLC, and managing director at Ossian Energy Ltd. He served as a non-executive director at Ascent Resources PLC from 2020 to October this year. Echo's current CEO Martin Hull steps down to become a non-executive director, as does Non-Executive Chair James Parsons. Company promotes Christian Yates, another non-executive director, to chair with immediate effect. Yates says Birrell "brings a wealth of technical and commercial experience...we look forward to leveraging his experience as we look to deliver our strategy." Read More
Live Co Group PLC - Surrey-based live events and entertainment company - Postpones K-Pop Lux SBS Super Concert in London, which was due to be held next weekend at the O2 Arena. Does not provide a future date. Cites insufficient ticket sales, which it attributes to another event occurring on the same weekend in Europe. It also blames the ongoing cost of living crisis, and the scheduling of the concert falling between two other K-Pop events. Says all ticket holders will be able to receive a full refund through Ticketmaster of AXS. At the end of August, the firm had shortened the festival to two days from the three first envisaged. This was to "avoid repeating too many artists", it said at the time. Read More
Live Co Group PLC - Surrey-based live events and entertainment company - Cuts next month's K-Pop concert to two days from three, saying this follows engagement with fans. The KPop-Lux concert in London will now take place on Friday, September 22 and Saturday, September 23, instead extending until Sunday, September 24. Live Co says it condensed the concert into two days "to avoid repeating too many artists". It is offering partial refunds or VIP up-sells for ticketholders that have bought all three days, and full refunds or date swaps for those that purchased single-day tickets for Sunday. Read More
Live Co Group PLC - Surrey-based live events and entertainment company - Announces that tickets for the KPOPLUX SBS Super Concert London - which will take place from September 22 to September 24 - will be going on sale through AXS on the O2 website and through the ticketmaster.co.uk website. Pre-sale tickets will be available from Wednesday and Thursday, with the general sale starting on Friday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on xxxday and not separately reported by Alliance News: Read More
Live Co Group PLC - Surrey-based live events and entertainment company - Signs a title sponsorship agreement with Samsung Electronics Co. Samsung Electronics is a South Korea-based maker of consumer electronics and mobile communications products. The deal is worth EUR70,000 with an additional commitment to purchase tickets for the event. Adds that Samsung have chosen to use the Madrid K-pop event to promote its Galaxy Flip 4. Read More
Live Co Group PLC - Surrey-based live events and entertainment company - Signs live stream agreement with Veeps Inc for the right to transmit the Madrid KPOP LUX concert on July 22. Live Co has granted Veeps streaming rights, both live and pre-recorded, for all markets except South Korea and Japan. The price of streaming will be USD14.99 per stream if pre purchased, and USD19.99 per stream on the day. LiveCo will earn a revenue of 90% of all net proceeds. Read More