Reconstruction Capital II Ltd Exercise of Convertible Loan Notes&Issue of Equity (6567M)
October 17 2016 - 2:00AM
UK Regulatory
TIDMRC2
RNS Number : 6567M
Reconstruction Capital II Ltd
17 October 2016
17 October 2016
Reconstruction Capital II Limited
Exercise of Convertible Loan Notes and Issue of Equity
Reconstruction Capital II Limited ("the Company") announces that
on 13 October 2016, it had received applications from holders of
EUR 353,000 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, from Mr Markus
Winkler, Director of the Company, a total of EUR 110,000 of
convertible loan notes.
Accordingly, the Company announces that it will be issuing and
allotting 2,615,730 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 19 October 2016
("Admission").
Following Admission, the Company announces that all holders of
convertible loan notes have exercised their right to convert the
loan notes to equity and therefore that there are no further
convertible loan notes in issue.
Total Voting Rights
Following Admission the Company will have 147,622,267 Ordinary
Shares in issue with voting rights. This figure of 147,622,267
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
IOEMFBFTMBMBBAF
(END) Dow Jones Newswires
October 17, 2016 02:00 ET (06:00 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