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RC2 Reconstruction Capital Ii Limited

0.035
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
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 4.07M

Reconstruction Capital II Ltd Net Asset Value and Policolor Material Error (8788R)

31/10/2023 10:46am

UK Regulatory


Reconstruction Capital Ii (LSE:RC2)
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TIDMRC2

RNS Number : 8788R

Reconstruction Capital II Ltd

31 October 2023

31 October 2023

Reconstruction Capital II Limited ("RC2" or the "Company")

The Company announces that at close of business on 30 September 2023 its unaudited net asset value ("NAV") per share was EUR0.1710.

Material error in Policolor SA ("Policolor") 2022 consolidated financials

The Company announces that the auditors of Policolor have issued an unqualified restated audit opinion on the consolidated financial statements for the year ended 31 December 2022, due to a material error found in the consolidation, where 'Other operating expenses' were overstated by EUR896k. The Policolor financial statements as previously notified by RC2 in the June 2023 Quarterly Report now show an increased EBITDA of EUR2,810k and a reduced loss before tax of EUR518k.

Quarterly report

A quarterly report which details the activities of the Company for the quarter ended 30 September 2023 will be issued soon by the adviser of the Company.

For further information, please contact:

Reconstruction Capital II Limited

Cornelia Oancea/Luca Nicolae

Tel: +40 21 3167680

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Tel: +44 (0) 20 7383 5100

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END

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(END) Dow Jones Newswires

October 31, 2023 06:46 ET (10:46 GMT)

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