NAV Update
14 April 2009 - 10:09PM
UK Regulatory
TIDMLIV
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
+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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