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RC2 Reconstruction Capital Ii Limited

0.035
0.00 (0.00%)
28 Mar 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 00:00:00
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 New Valuations of Private Equity Positions (7629U)

30/03/2023 8:44am

UK Regulatory


Reconstruction Capital Ii (LSE:RC2)
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TIDMRC2

RNS Number : 7629U

Reconstruction Capital II Ltd

30 March 2023

30 March 2023

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., Mamaia Resort Hotels SRL and Telecredit IFN SA as of 31 December 2022.

The table below shows the new and prior valuations of the private equity positions:

 
                    Prior valuations EUR,    Revised valuations 
                    as of 31 December 2021          EUR, 
                                              as of 31 December 
                                                    2022 
 Policolor SA            17,000,000              14,080,000 
                  ------------------------  ------------------- 
 Mamaia Resort 
  Hotels                  4,076,986              4,814,247 
                  ------------------------  ------------------- 
 Telecredit IFN 
  SA                      1,895,500              3,230,000 
                  ------------------------  ------------------- 
 TOTAL                   22,972,486              22,124,247 
                  ------------------------  ------------------- 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of the UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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

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

MSCNKKBQOBKKDNN

(END) Dow Jones Newswires

March 30, 2023 03:44 ET (07:44 GMT)

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