30 Mar 2023 08:44
30 March 2023
Reconstruction Capital II Limited ("RC2" or the "Company")
New Valuations of Private Equity Positions
As part of the annual audit process, RC2's auditors have requested from independent third-party valuers new valuations of the Company's investments in Policolor S.A., Mamaia Resort Hotels SRL and Telecredit IFN SA as of 31 December 2022.
The table below shows the new and prior valuations of the private equity positions:
Prior valuations €, as of 31 December 2021 | Revised valuations €, as of 31 December 2022 | |
Policolor SA | 17,000,000 | 14,080,000 |
Mamaia Resort Hotels | 4,076,986 | 4,814,247 |
Telecredit IFN SA | 1,895,500 | 3,230,000 |
TOTAL | 22,972,486 | 22,124,247 |
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of the UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information, please contact:
Reconstruction Capital II Limited
Cornelia Oancea/Luca Nicolae
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Tel: +44 (0) 20 7383 5100