TIDMRC2

RNS Number : 6088T

Reconstruction Capital II Ltd

14 December 2012

Reconstruction Capital II Limited

Result of Annual General Meeting

Reconstruction Capital II Ltd ("RC2" or the "Company"), a closed-end investment company admitted to trading on the AIM market of the London Stock Exchange, today announces that shareholders have supported both recommendations put forth by the Board at today's Annual General Meeting regarding the continuation of the life of the Company and the amendment of the Company's investment objective and policy, as follows:

 
 Resolutions                     In favour          Against       Withheld 
---------------------------  ----------------  ----------------  ----------- 
                              Votes        %*   Votes        %* 
---------------------------  -----------  ---  -----------  ---  ----------- 
 Extraordinary resolution 
  that the Company 
  continues as presently 
  constituted for a 
  further two years 
  until the Annual 
  General Meeting to 
  be convened in 2014.        41,775,317   67   20,286,281   33   11,374,891 
---------------------------  -----------  ---  -----------  ---  ----------- 
 Ordinary resolution 
  that conditional 
  on Resolution 1 being 
  approved, the proposed 
  new investment objective 
  and policy of the 
  Company be adopted 
  as the investment 
  objective and policy 
  of the Company with 
  immediate effect 
  and the existing 
  investment objective 
  and policy be and 
  is hereby replaced          53,150,208   72   20,286,281   28   - 
---------------------------  -----------  ---  -----------  ---  -----------

* Percentage of votes cast excludes Withheld votes.

Accordingly:

   --      the life of the Company will be continued for a further two years; and

-- the investment objective and policy of the Company is amended such that no new investments will be made, further investments into existing portfolio companies will be permitted in certain circumstances pending their realisation and, following each realisation, all proceeds will be returned to Shareholders after setting aside a sufficient amount for working capital purposes.

For further information, please contact:

Reconstruction Capital II Limited

Ion Florescu / Anca Moraru

Tel: +44 (0) 207 244 0088/ +40 21 3167680

Grant Thornton Corporate Finance (Nominated Adviser)

Philip Secrett / David Hignell

Tel: +44 (0) 20 7383 5100

LCF Edmond de Rothschild Securities (Broker)

Hiroshi Funaki

Tel: +44 (0) 20 7845 5960

This information is provided by RNS

The company news service from the London Stock Exchange

END

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