13 May 2009 13:47
Livermore Investments Group LimitedΒ
("Livermore" or "the Company")
Net Asset ValueΒ 44Β pence
Β WylerΒ ParkΒ residential unitΒ lettingΒ ahead of expectationsΒ
Β
The Board of Livermore announces that,Β asΒ atΒ theΒ close of business onΒ 30 AprilΒ 2009, the Company'sΒ unauditedΒ estimatedΒ NAV perΒ ordinaryΒ shareΒ of no par valueΒ wasΒ 44Β pence (31 MarchΒ 2009:Β 46Β pence).Β The share price atΒ 30 AprilΒ 2009 wasΒ 16.5Β penceΒ (31 March 2009: 18 pence).
The Company has a 21.71% interest in Atlas Estates Limited ("Atlas"), a Company quoted on AIM. The foregoing NAV figures includeΒ Atlas'Β reportedΒ NAVΒ as atΒ 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 atΒ 30 AprilΒ 2009Β wasΒ 34Β penceΒ (31Β MarchΒ 2009:Β 36Β pence).Β Atlas'Β share price as atΒ 30 AprilΒ 2009 wasΒ 58Β pence (31 MarchΒ 2009:Β 39Β pence).
In addition, theΒ Company announces that 75% of the newly built residential units inΒ WylerΒ ParkΒ inΒ Bern,Β SwitzerlandΒ have been let and that itΒ expects toΒ let the remaining 25% by the end of the year. The additional net annual income to theΒ Company fromΒ lettingΒ out the residential units, when fully let,Β is around 1.2mΒ CHF.
The Net Asset Value figures stated in this announcement areΒ unauditedΒ estimates only. Accordingly, no reliance should be placed on such estimated Net Asset Values and they should only be taken as an indicative guide.
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For further information: Livermore Investments Group Ltd +97 25 4255 5900 Doron Yassur
Matrix Corporate Capital LLP +44 20 3206 7000Stephen MischlerΒ Tim Graham
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