Reconstruction Capital II Ltd Exercise of Convertible Loan Notes&Issue of Equity (0901K)
September 16 2016 - 8:15AM
UK Regulatory
TIDMRC2
RNS Number : 0901K
Reconstruction Capital II Ltd
16 September 2016
16 September 2016
Reconstruction Capital II Limited (the "Company")
Exercise of Convertible Loan Notes and Issue of Equity
The Company announces that on 15 September 2016 it received
applications from Mr Ion Florescu, a director of the investment
adviser, for the conversion of EUR 1,250,000 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 1.00 face value of the convertible loan
note.
Accordingly, the Company announces that it will be issuing and
allotting 9,262,500 Ordinary Shares, subject to admission to
trading on AIM. Application will be made for the new Ordinary
Shares to be admitted to trading on AIM and it is expected that
dealings in the new Ordinary Shares will commence at 8.00am on 3
October 2016 ("Admission").
Following Admission, Mr Ion Florescu will be the beneficial
owner, either directly or indirectly, in 54,996,891 Ordinary
Shares, representing 51.03 per cent of the total issued share
capital of the Company with voting rights.
Total Voting Rights
Following Admission the Company will have 107,777,647 Ordinary
Shares in issue with voting rights. This figure of 107,777,647
represents the total voting rights in the Company and may be used
by shareholders as the denominator for the calculation by which
they can determine whether they are required to notify their
interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance 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
IOELFMTTMBBBBJF
(END) Dow Jones Newswires
September 16, 2016 08:15 ET (12:15 GMT)
Reconstruction Capital Ii (LSE:RC2)
Historical Stock Chart
From Apr 2024 to May 2024
Reconstruction Capital Ii (LSE:RC2)
Historical Stock Chart
From May 2023 to May 2024