Live Company Group (AIM:LVCG) said it has inked a new contract with Powderham Castle in Devon for its BRICKLIVE "Outer Space " exhibition.
The AIM-listed media group outlined that the exhibition is set to be installed in the coming weeks and will run through to September 2020.
The agreement follows two recently won contracts for the group’s BRICKLIVE events during its second quarter as the group said ‘green shoots’ are emerging as lockdown is eased.
Shares in Live Company Group opened flat at 8.5p on Tuesday morning.
"I am delighted that many of our clients and partners are opening up again post lockdown and it is a pleasure to sign a new contract with Powderham Castle,” said David Ciclitira, Chairman of LVCG.
Meanwhile, the company also said that its BRICKLIVE Brickosaurs exhibition at the Holon Toto Arena in Israel is now open.
“I look forward to updating shareholders with more openings to come,” added Ciclitria.
In a separate announcement, regarding the cost saving initiatives implemented by the company as a result of COVID-19, LVCG highlighted its intention to make up for the decrease in pay for all staff, including Directors and those who have been furloughed, via the issue of new shares in the company.
As a result, it has issued 141,412 new ordinary shares of 1p each in the capital of the Company at an issue price of 10 pence per share, to certain of the applicable staff.
In addition, in order to further conserve working capital, the Company has also issued 693,770 new Ordinary Shares at a price of 10p per share to certain contractors in settlement of work completed.
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