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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Reconstruction Capital Ii Limited | LSE:RC2 | London | Ordinary Share | KYG741521028 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.035 | 0.025 | 0.045 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trusts | -2.1M | -2.94M | -0.0217 | -1.38 | 4.75M |
RNS Number:2373G Reconstruction Capital II Ltd 24 October 2007 Reconstruction Capital II Limited Proposed increase in authorised share capital The Board of Reconstruction Capital II Limited ('the Company') announces that it is convening an extraordinary general meeting of Shareholders to be held on the 19 November 2007 in order to increase its authorised share capital from Euro1,000,000 to Euro3,000,000 by the creation of an additional 200,000,000 new ordinary shares of Euro0.01 par value each. The majority of the funds raised at the time of the Company's admission to AIM and the subsequent placing in May 2006 have now been invested and the Directors are satisfied that the Company has an interesting prospective deal flow which will shortly absorb the remaining cash balances and would require further funds in order to exploit such further opportunities. The Directors wish to continue the current investment strategy and are therefore considering a placing of new ordinary shares, subject to market conditions. A further announcement will be made in due course in respect of the proposed placing. As detailed in the Company's AIM admission document dated 19 December 2005, whilst the Directors have authority to allot the authorised but unissued share capital of the Company on a non-pre-emptive basis, such authority shall only be exercised at a subscription price which is not less than the net asset value per ordinary share. In the light of this, the Directors are proposing an increase in the authorised share capital of the Company large enough to cover the reasonable future capital needs of the Company, including the placing of new shares currently being considered. Copies of the EGM notice will also be available, free of charge from the offices of New Europe Capital Limited, 33 Marloes Road, London W8 6LG, United Kingdom (tel: +44 (20) 7244 0088), for a period of 30 days from the date of this announcement. 24 October 2007 End For more information: Reconstruction Capital II Limited Ion Florescu Tel: +44 (0) 7767 477192 LCF Edmond de Rothschild Securities (Broker) Hiroshi Funaki / Claire Heathfield Tel: +44 20 7845 5960 Grant Thornton Corporate Finance (Nominated Adviser) Philip Secrett Tel: +44 (0) 20 7383 5100 This information is provided by RNS The company news service from the London Stock Exchange END NOEFEWFADSWSEFS
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