NAV Update
June 11 2009 - 3:27AM
UK Regulatory
TIDMLIV
RNS Number : 7335T
Livermore Investments Group Limited
11 June 2009
Livermore Investments Group Limited
("Livermore" or "the Company")
Net Asset Value 39 pence
The Board of Livermore announces that, as at the close of business on 31 May
2009, the Company's unaudited estimated NAV per ordinary share of no par value
was 39 pence / US 64 cents (30 April 2009: 44 pence / US 65 cents). The share
price at 29 May 2009 was 17.75 pence (30 April 2009: 16.5 pence).
The Company has a 21.71% interest in Atlas Estates Limited ("Atlas"), a Company
quoted on AIM. The foregoing NAV figures includes Atlas at its reported NAV as
at 31 December 2008 adjusted for voluntary provisions as reported in the
Company's Annual Report. 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 May 2009 was 32 pence / US 52 cents (30 April 2009: 34 pence / US
51 cents). Atlas' share price as at 29 May 2009 was 55 pence (31 March 2009: 39
pence).
In addition to the Atlas adjustments, the revised NAV estimate mainly reflects
valuation adjustments related to hedging positions of the WylerPark Loan as
reported in the Company's Annual Report for the year ended 31 December 2008.
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.
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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