By Kyle Morris
Live Company Group PLC said Thursday that it is initiating cost-saving actions as it expects to book a loss in 2022 and it is reviewing debt structures with the view of renegotiating repayment schedules.
The live-events and entertainment company said cost-saving measures include redundancies, the removal of noncore and loss-making activities and measures such as paying some contractors in shares. Nonexecutive directors have said they may accept fees in shares.
A review of the company’s debt is under way and the renegotiation of repayment schedules may be agreed to align with cash flows. Further short-term facilities may also be agreed to assist with debt repayment, it said.
Write to Kyle Morris at kyle.morris@dowjones.com
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