Live Company launches division to take LEGO shows on tour

The AIM-traded firm said the first exhibition, called BRICKLIVE Animal Paradise, was designed to educate the LEGO fan community about endangered species and would feature more than 65 LEGO animals, including a full-size African elephant and a snow leopard.

“Further announcements will be made in due course once specific partnerships and locations have been determined,” the board explained in its statement.

To support the new initiative and commission additional animal builds, Live Company also announced that it raised £0.35m gross through a private placing by Shard Capital Partners, primarily with an existing institutional investor, of one million new ordinary shares at a price of 35p per new share.

“This is an incredibly exciting opportunity for BRICKLIVE, which we are looking to launch and expand within our Asian markets initially,” said executive chairman David Ciclitira.

“We believe that the creation of these species in LEGO bricks, together with a tailored educational programme, will be an incredibly powerful way to raise awareness of the vital need to protect endangered species, among both parents and children, while also providing a unique platform to further strengthen and grow the BRICKLIVE brand around the world.”

The company said it expected to announce its preliminary results for the year ended 31 December during May.