Reconstruction Capital II Ltd Directorate Change (4309Q)
30 August 2014 - 2:41AM
UK Regulatory
TIDMRC2
RNS Number : 4309Q
Reconstruction Capital II Ltd
29 August 2014
29 August 2014
Reconstruction Capital II Limited (the "Company")
Directorate Change
Mr Ion Florescu is a beneficial owner either directly or
indirectly in approximately 18.1% of the issued share capital of
RC2, the provider to the Company of the EUR6.75 million bridge loan
which matures on 31 October 2014 and has made the commitment to
convert the bridge loan into the proposed convertible bond as
further detailed in announcements dated 1 April 2014 and 7 July
2014. Due to his now significant financial interests in RC2, Mr
Florescu and the independent directors of RC2 have concluded that
the interests of all shareholders would be better served with a
wholly independent board. Mr Florescu has therefore resigned as a
director of the Company. Mr Florescu continues to provide
investment advice to the Company through New Europe Capital Srl and
New Europe Capital Ltd.
For further information, please contact:
Reconstruction Capital II Limited
Ion Florescu / Anca Moraru
Tel: +44 (0) 207 244 0088/ +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / David Hignell
Tel: +44 (0) 20 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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