Reconstruction Capital II Ltd NAV, Quarterly Report and New PE Valuations (6212H)

TIDMRC2

RNS Number : 6212H

Reconstruction Capital II Ltd

14 March 2018

14 March 2018

Reconstruction Capital II Limited

("RC2" or the "Company")

New Valuations of Private Equity Positions

As part of the annual audit process, RC2's auditors have requested from independent third party valuers new valuations of the Company's investments in Policolor S.A., Telecredit IFN SA and Mamaia Resort Hotels SRL as at 31 December 2017. A table showing the new and prior valuations of the main private equity positions is shown below:

 
                             Prior valuations EUR    Revised valuations EUR 
 Policolor S.A.                        20,640,000                20,600,000 
 Telecredit IFN SA                      2,823,234                 2,664,000 
 Mamaia Hotel Resorts SRL               4,079,921                 4,404,658 
 Total                                 27,543,155                27,668,658 
 

Net Asset Value

The Company announces that at close of business on 31 December 2017 its unaudited net asset value ("NAV") per share was EUR 0.2504. The new NAV reflects the changes to the valuations of the private equity positions outlined above.

Quarterly report

A quarterly report which details the activities of the Company for the quarter ended 31 December 2017 has been issued by the Adviser of the Company.

For further information, please contact:

Reconstruction Capital II Limited

Cornelia Oancea/Anca Moraru

Tel: [phone]

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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March 14, 2018 03:00 ET (07:00 GMT)