12th Dec 2007 18:13
Livermore Investments Group Limited12 December 2007 12 December 2007 LIVERMORE INVESTMENTS GROUP LIMITED ("LIVERMORE") Acquisition of Significant Share position in Atlas Estates Ltd. ("Atlas") Pursuant to its announcement of 7 December 2007, Livermore today announces theacquisition of an additional 1.87% of the issued share capital of Atlas EstatesLimited, by means of the purchase of 905,000 issued ordinary shares in Atlas.Following this purchase, Livermore holds 10.28% of Atlas's issued share capital. Atlas is an AIM-quoted real estate investment and development company. Atlas'sstrategy is to build a high yielding investment portfolio and generateadditional capital gain through development projects, with a focus onresidential development. Its activities are focused in Central and EasternEurope, excluding Russia and other former Soviet Union countries. Its currentassets are located in Poland, Hungary, Slovakia and Romania. In the elevenmonths to 31 December 2006 Atlas made a loss before taxation of €9.1m and at 30June 2007 Atlas had net assets of €253.2m. Enquiries: Hudson Sandler Jessica Rouleau / Fran Read 020 7796 4133 Numis Securities David Shapton 020 7260 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Livermore