Reconstruction Capital II Ltd Exercise of Convertible Loan Notes&Issue of Equity (9733J)
September 15 2016 - 9:15AM
UK Regulatory
TIDMRC2
RNS Number : 9733J
Reconstruction Capital II Ltd
15 September 2016
15 September 2016
Reconstruction Capital II Limited (the "Company")
Exercise of Convertible Loan Notes and Issue of Equity
The Company announces that it has received applications for the
conversion of EUR 20,000 convertible loan notes, each of which
confers the right to receive 7.41 ordinary shares of EUR 0.01 each
("Ordinary Shares") for every EUR 1.0 face value of the convertible
loan note. Accordingly, the Company announces that it will issue
and allot 148,200 Ordinary Shares in respect of these applications,
subject to admission to trading on the AIM Market of the London
Stock Exchange ("AIM").
Settlement and dealings
Application has been made for an aggregate number of 3,097,380
Ordinary Shares to be admitted to trading on AIM, representing
2,949,180 Ordinary Shares to be issued to Mr Ion Florescu pursuant
to the announcement made on 5 September 2016, and 148,200 Ordinary
Shares in respect of the conversion applications detailed above. It
is expected that admission will occur and dealings will commence at
8.00 a.m. on 19 September 2016 ("Admission").
Following Admission, Mr Ion Florescu will be the beneficial
owner, either directly or indirectly, of 45,734,391 Ordinary
Shares, representing 46.42 per cent of the enlarged issued share
capital of the Company with voting rights.
Total Voting Rights
Following Admission, the issued share capital of the Company
will comprise 98,515,147 Ordinary Shares with voting rights. This
figure of 98,515,147 represents the total voting rights in the
Company and may be used by the Company's shareholders as the
denominator for the calculation by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
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
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