18 October 2021
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
UPDATE ON FORMULA E
Live Company Group plc (AIM: LVCG) presents further information with regards to the Formula-E race in
There will still be a number of key events in 2022 building up to the inaugural race including the track reveal and an e-Investment seminar to map out a 10 year programme of strategies to drive the e-mobility economic sector and positive effects on climate change and LCSE is leading the preparations to host the maiden race in
The Company will provide a further update on Formula E and the LCSE division in its next operational update.
LCSE Managing Director Bruce Parker-Forsyth commented:
"Despite the delay which is disappointing LCSE is extremely proud to be delivering an event of this calibre to the South African public. Plans are well underway for us to host the maiden race here, and we are working closely alongside the
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 ( Elliot Hance |
Tel: 020 7392 1436 |
LVCG through its 100% owned subsidiaries Live Company Sports and Entertainment (Pty) Limited (LCSE) and E Movement Holdings Limited (EMHL) holds the exclusive worldwide sponsorship rights, and is the project management and delivery partner, for the Cape Town E-Prix, and additionally holds the worldwide moral and intellectual property rights to the E-Fest concept.
Project management and delivery fees are ongoing irrespective of the postponement to Season 9.
The Cape Town E-Prix is a major source of revenue for LVCG.
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 8 in 2022.
It also has a minority investment in Start Art Global Ltd an on-line art and digital art platform (www.start.art).
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