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RC2 Reconstruction Capital Ii Limited

0.035
0.00 (0.00%)
16 Jul 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 4.75M

Reconstruction Capital II Ltd Net Asset Value and Portfolio Update (0547F)

17/05/2013 5:31pm

UK Regulatory


Reconstruction Capital Ii (LSE:RC2)
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TIDMRC2

RNS Number : 0547F

Reconstruction Capital II Ltd

17 May 2013

17 May 2013

Reconstruction Capital II Limited

("RC2" or the "Company")

Net Asset Value and Portfolio Update

Net Asset Value

The Company announces that at close of business on 30 April 2013 its unaudited net asset value ("NAV") per share was EUR0.5959.

Monthly report

A monthly report which details the activities of the Company for the month ended 30 April 2013 has been released by the investment manager and investment advisers of the Company. Copies of the report have been emailed to shareholders and 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.

The report is also available on the Company's website:

http://www.reconstructioncapital2.com/investment-reports.html/

Quarterly report

A quarterly report which details the activities of the Company for the quarter ended 31 March 2013 has been released by the investment manager and investment advisers of the Company. Copies of the report have been emailed to shareholders and 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.

The report is also available on the Company's website:

http://www.reconstructioncapital2.com/investment-reports.html/

New East Point Holdings Limited valuation

The Company announces that due to a deterioration in the operating performance of East Point Holdings Limited ("EPH" or the "Group"), its 63%-owned affiliate, over the first quarter of 2013, the Directors have requested a new independent valuation of this investment, which takes into account the recent trading performance in light of the overall financial condition of the Group. Because the investment in EPH represents 32.4% of the net asset value of the Company as at 30 April 2013, the Directors consider that the result of the new independent valuation exercise will have a material impact on the Company's net asset value. More information on the recent performance of EPH is included in RC2's quarterly report which has been released by the investment manager and investment advisers. The Directors intend to announce the result of the new independent valuation report as soon it is available.

For further information, please contact:

Reconstruction Capital II Limited

Ion Florescu / Anca Moraru

Tel: +44 (0) 207 244 0088/ +40 21 3167680

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / David Hignell

Tel: +44 (0) 20 7383 5100

LCF Edmond de Rothschild Securities (Broker)

Hiroshi Funaki

Tel: +44 (0) 20 7845 5960

This information is provided by RNS

The company news service from the London Stock Exchange

END

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