Reconstruction Capital II Ltd Exercise of Convertible Loan Notes&Issue of Equity (7000K)
September 23 2016 - 7:46AM
UK Regulatory
TIDMRC2
RNS Number : 7000K
Reconstruction Capital II Ltd
23 September 2016
23 September 2016
Reconstruction Capital II Limited
Exercise of Convertible Loan Notes and Issue of Equity
Reconstruction Capital II Limited ("the Company") announces that
on 22 September 2016, it has received applications from holders of
EUR 5,429,000 of convertible loan notes (each of which confers the
right to receive 7.41 ordinary shares of EUR 0.01 each in the
capital of the Company ("Ordinary Shares") for every EUR 1.0 face
value of the convertible loan note) including, as follows:
(i) from Mr Dirk Van den Broeck, Chairman of the Company, a
total of EUR 202,000 of convertible loan notes;
(ii) from Mr Ion Florescu, director of the investment adviser to
the Company, a total of EUR 2,500,000 of convertible loan notes;
and
(iii) from Reconstruction Management Limited, a Company in which
Mr Florescu has an indirect beneficial interest, a total of EUR
1,062,000 of convertible loan notes.
Accordingly, the Company announces that it will be issuing and
allotting 40,228,890 Ordinary Shares, subject to admission to
trading. Application will be made for the new Ordinary Shares to be
admitted to trading on AIM. It is expected that dealings in the new
Ordinary Shares will commence at 8.00 a.m. on 11 October 2016
("Admission").
Following Admission, Mr Ion Florescu is a beneficial owner
either directly or indirectly of 81,391,311 Ordinary Shares,
representing 54.99 per cent of the total issued share capital of
the Company with voting rights.
Total Voting Rights
Following Admission the Company will have 148,006,537 Ordinary
Shares in issue with voting rights. This figure of 148,006,537
represents the total voting rights in the Company and may be used
by shareholders as the denominator for the calculations by which
they can determine if they are required to notify their interest
in, or a change to their interest in, the Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
The information contained within this announcement is considered
to be inside information prior to its release as defined in Article
7 of the Market Abuse Regulation No. 596/2014 and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations.
For further information, please contact:
Reconstruction Capital II Limited
Ion Florescu/Anca Moraru
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/Carolyn Sansom
Tel: +44 (0) 20 7383 5100
Panmure Gordon (UK) Limited (Broker)
Paul Fincham/Jonathan Becher
Tel: +44 (0) 20 7886 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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