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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 |
From Jul 2021 to Jul 2024
TIDMRC2
RNS Number : 4095P
Reconstruction Capital II Ltd
18 October 2021
18 October 2021
Reconstruction Capital II Limited
Loans to Telecredit IFN S.A.
Reconstruction Capital II Limited (the "Company") announces that the following parties have entered into agreements to provide a total of EUR200,000 in unsecured loans to Telecredit IFN S.A. ("Telecredit"): Ion Florescu (a significant shareholder in the Company) EUR120,000, and Mihai Radoi (a former director of the Company) EUR80,000 (the "Loans").
The Loans mature in October 2022 and carry an annual interest rate of 8% and were granted to support the working capital requirements of Telecredit related to its SMEs factoring and discounting operations.
The Loans constitute a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The independent directors of the Company (other than Zoran Melovski being a director connected to Ion Florescu), having consulted with the Company's nominated adviser, Grant Thornton UK LLP, consider that the terms of the Connected Loans are fair and reasonable insofar as the Company's shareholders are concerned.
For further information, please contact:
Reconstruction Capital II Limited
Cornelia Oancea / Anca Moraru
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Tel: +44 (0) 20 7383 5100
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
October 18, 2021 07:14 ET (11:14 GMT)
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