Last checked at 11 Jun 2009 09:27
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 7000Stephen Mischler Tim Graham