Live Company Group - FUNDING AND EXTENSION OF COST SAVING INITIATIVES
("LVCG", the "Company" or the "Group")
ADDITIONAL FUNDING AND EXTENSION OF COST SAVING INITIATIVES
The Company has entered into a loan agreement with NatWest, pursuant to which a loan of
The Loan will be repayable in 12 equal, monthly, instalments, with the first instalment due 13 months after drawdown and with the final instalment due 24 months after drawdown. The Company may make additional repayments at any time. No interest is payable for the first 12 months following drawdown, after which interest, at a rate of 5.02% per annum over NatWest's base rate, will be charged.
Further Update re Cost Saving Initiatives
Further to the Company's announcement, on
As previously announced, the Company intends to make up this decrease in pay for all staff, including Directors and those who have been furloughed, via the issue of new shares in the Company, further details of which will be announced in due course.
| || |
Tel: 020 7225 2000
Tel: 020 7409 3494
| || |
Tel: 020 7186 9950
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.
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.
This information is provided by RNS, the news service of the
Quick facts: Live Company Group PLC
Market Cap: £8.27 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE