Reconstruction Capital II Ltd Loans to Telecredit IFN S.A. (5239W)
23 December 2021 - 12:54AM
UK Regulatory
TIDMRC2
RNS Number : 5239W
Reconstruction Capital II Ltd
22 December 2021
22 November 2021
Reconstruction Capital II Limited
Loan to Telecredit IFN S.A.
Reconstruction Capital II Limited (the "Company") announces that
Ion Florescu (a significant shareholder in the Company) has entered
into an agreement to provide a total of EUR250,000 in unsecured
loans to Telecredit IFN S.A. ("Telecredit") (the "Loan").
The Loan matures in December 2022 and carries an annual interest
rate of 8% and was granted to support the working capital
requirements of Telecredit related to its SMEs factoring and
discounting operations.
The Loan constitutes a related party transaction pursuant to
Rule 13 of the AIM Rules for Companies. The independent directors
of the Company (other than Zoran Melovski being a director
connected to Ion Florescu), having consulted with the Company's
nominated adviser, Grant Thornton UK LLP, consider that the terms
of the Loan are fair and reasonable insofar as the Company's
shareholders are concerned.
For further information, please contact:
Reconstruction Capital II Limited
Cornelia Oancea / Anca Moraru
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / George Grainger
Tel: +44 (0) 20 7383 5100
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