Live Company Group PLC (LON:LVCG) has updated on its business activities as several countries began to ease their coronavirus pandemic lockdown restrictions.
The media group and owner of the BRICKLIVE brand said the first zoos were beginning to open in Germany, providing it with an opportunity to expand sales in the country, and added that it is also working with the JB Zoo in Michigan in the US to install its Animal Paradise tour ahead of a planned reopening at the end of May.
WATCH: Live Company chairman says business is now returning with first zoo in US back open
The firm also confirmed that despite around a third of its events being postponed to the second half of 2020 and the first half of 2021, none have been cancelled at this time.
Meanwhile, Live Company said it is in the process of further developing its consumer sets business, as well as other products for home use following “significant demand”.
However, due to the “unprecedented uncertainty”, the group said it was withdrawing its financial and operational guidance for 2020 and 2021 and that its non-executive directors had elected to forego their fees for the second and third quarters of the current year.
“Despite the current difficult trading and market conditions as a result of [coronavirus], we are starting to see some green shoots with regards to the opening of certain countries post lockdown”, Live Company chairman David Ciclitira said in the statement.
“It is still early days and we continue to monitor the situation closely, ensuring we comply with all local guidelines in the countries we operate. I would like to thank the Non-executive Directors for demonstrating their continued support by forgoing their [second and third quarter fees", he added.
The company's shares were 2.2% lower at 11.3p in early deals on Tuesday.
--Adds share price--