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Live Co Group PLC - Surrey-based live events and entertainment company - Announces that tickets for the KPOPLUX SBS Super Concert London - which will take place from September 22 to September 24 - will be going on sale through AXS on the O2 website and through the ticketmaster.co.uk website. Pre-sale tickets will be available from Wednesday and Thursday, with the general sale starting on Friday.
Live Co adds that it has arranged a short-term loan from a number of private investors in the UK entertainment and media industries to provide the £1.3 million needed to help fund the event, the first £600,000 of which has been received.
It has signed a short form loan agreement, and expects to finalise a long form contract later this month, which should include security and liens over event income, a fixed repayment liability of £1.7 million, and - only in the event of default - a 20% share of event profits.
Live Co shares are suspended.
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