Q1 2010 NAV GBp 30, Net Incom

RNS Number : 2733N

Livermore Investments Group Limited

09 June 2010

 



Livermore Investments Group Limited

("Livermore" or "the Company")

Q1 2010 NAV GBp 30, Net Income USD 3.8m

The Board of Livermore announces that, as at the close of business on 31 March 2010, the Company's unaudited estimated NAV per ordinary share of no par value was GBp 30 (US 46 cents) up from GBp 27 (US 44 cents) on 31.12.2009. The Company generated a net income of USD 3.8m during the first quarter. The share price at 31 March 2010 was GBp 17 (31 December 2009: GBp 16.5).

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 market price as at 31 March 2010 of GBp 83.25. On 14 April 2010, Fragliolig Limited announced a cash offer to acquire all shares of Atlas Estates at GBp 90 per share. The offer has since then been declared unconditional.

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
[phone]
Ron Baron

Matrix Corporate Capital LLP
[phone]

Stephen Mischler

Tim Graham

 

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