NAV Update
February 12 2009 - 5:14AM
UK Regulatory
TIDMLIV
RNS Number : 2241N
Livermore Investments Group Limited
12 February 2009
Livermore Investments Group Limited ("Livermore" or "the Company")
NAV 47
Pence, debt reduced to USD 11.6m
The Board of Livermore announces that, as at the close of business on 31 January
2009, the Company's unaudited estimated NAV per ordinary share of no par value
was 47 pence (31 December 2008: 50 pence).
The Company has a 21.95% interest in Atlas Estates Limited ("Atlas"), a Company
quoted on AIM. The foregoing NAV figures include the Company's estimation of
Atlas' NAV as at 31 December 2008. If, instead, the market value of the
Company's investment in Atlas is used, the resultant unaudited estimated NAV per
ordinary share as at 31 January 2009 was 37 pence (31 December 2008: 35 pence).
Atlas' share price as at 31 January 2009 was 76.5 pence (31 December 2008 29
pence).
The Net Asset Value figures stated in this announcement are unaudited estimates
only. Accordingly, no reliance should be placed on such estimated Net Asset
Values and they should only be taken as an indicative guide.
The Company also announces that, as at 31 January 2009, it had total debt of USD
11.6m (31 December 2008, some USD 14.6m). In addition, its Swiss real estate
SPV, which has assets valued at 30 June 2008 of some CHF 113m, has a fully drawn
debt facility of CHF 79m.
For further information:
Livermore Investments Group Ltd
+97 25 4255
5900
Doron Yassur
Matrix Corporate Capital LLP
+44 20 3206 7000
Stephen Mischler
Tim Graham
This information is provided by RNS
The company news service from the London Stock Exchange
END
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