NAV Update

RNS Number : 5331Q

Livermore Investments Group Limited

14 April 2009

 

Livermore Investments Group Limited ('Livermore' or 'the Company')
NAV 46 pence, debt reduced further to USD 6 m

The Board of Livermore announces that, as at the close of business on 31 March 2009, the Company's unaudited estimated NAV per ordinary share of no par value was 46 pence (27 February 2009: 46 pence). The share price at 31 March 2009 was 18 pence.

The Company has a 21.71% interest in Atlas Estates Limited ('Atlas'), a Company quoted on AIM. The foregoing NAV figures include Atlas' reported 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 March 2009 was 36 pence (27 February 2009: 36 pence). Atlas' share price as at 31 March 2009 was 39 pence (27 February 2009 43.5 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 March 2009, it had total debt of USD 6.0m (27 February 2009, USD 10.7m). 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 maturing in 2014.

For further information:

Livermore Investments Group Ltd
[phone]
Doron Yassur

Matrix Corporate Capital LLP
[phone]
Stephen Mischler 
Tim Graham

 

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