The Board of Livermore announces that, as at the close of business on 30 June 2009, the Company's unaudited estimated NAV per ordinary share of no par value was 38 pence / US 62 cents (31 May 2009: 39 pence / US 64 cents). The share price at 30 June 2009 was 17.75 pence (29 May 2009: 17.75 pence).

 

The Company has a 21.71% interest in Atlas Estates Limited ("Atlas"), a Company quoted on AIM. The foregoing NAV figures include Atlas at its reported NAV as at 31 March 2009 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 30 June 2009 was 31 pence / US 51 cents (31 May 2009: 32 pence / US 52 cents). Atlas' share price as at 30 June 2009 was 55.5 pence (29 May 2009: 55pence).

 

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