RC2.L Regulatory News (RC2)

12 Dec 2007 15:45

Reconstruction Capital II Ltd12 December 2007 Reconstruction Capital II Limited (the "Company") 12 December 2007 Results of Placing The Board of the Company is pleased to announce the completion of the Company'sthird round of fund raising (the "Fundraising") which raised a total of €73.4million, upon the issue of 47,641,629 new ordinary shares at €1.54 per share. Application has been made for the 47,641,629 new ordinary shares to be admittedto trading on AIM and this is expected to take place on 19 December 2007. As aresult of the Fundraising, the Company will have 112,681,054 ordinary shares inissue. As a result of the Fundraising, the following information is required to bedisclosed in accordance with Rule 17 of the AIM Rules for Companies (the "AIMRules"): Directors Shareholdings Mr. Dirk Van den Broeck has subscribed for 745,100 ordinary shares. Followingthis subscription, Mr Van den Broek holds 1,490,200 ordinary shares in theCompany representing 1.32% of the Company's enlarged issued share capital. Mr Ion Florescu has subscribed for 200,000 ordinary shares. Following thissubscription, Mr Florescu holds 400,100 ordinary shares in the Companyrepresenting 0.36% of the Company's enlarged issued share capital. Mr Markus Winkler has subscribed for 150,000 ordinary shares. Following thissubscription, Mr Winkler holds 400,000 ordinary shares in the Companyrepresenting 0.35% of the Company's enlarged issued share capital. The Company is aware that the following shareholders subscribed in theFundraising: UBS Fund Services (Cayman) Limited has subscribed for 6,077,320 ordinary sharesrepresenting 12.8% of the new ordinary shares issued in the Fundraising. Sis Segaintersettle AG has subscribed for 6,490,220 ordinary shares representing13.6% of the new ordinary shares issued in the Fundraising. About Reconstruction Capital Limited Listed on the London Stock Exchange AIM market, RC2 is a closed-ended companycreated to invest in private and listed equity securities and fixed-incomesecurities, including convertible and other mezzanine instruments, primarily inRomania and Bulgaria. Under its Private Equity Programme, RC2 invests in significant or controllingstakes in a number of companies, primarily in Romania, Bulgaria and neighboringcountries. RC2 invests in investee companies where it believes the investmentadviser can add value by implementing operational and/or financial restructuringover a three to five-year horizon. Under RC2's Trading Programme, the Company invests in undervalued equitysecurities, initial public offerings (IPOs) of newly privatized companies andfixed-income securities. NEC Romania is RC2's investment adviser for its Private Equity Programme and NECLondon is the investment manager for its Trading Programme. More information about the Company can be found onwww.reconstructioncapital2.com. For further information, please contact: Reconstruction Capital II LimitedIon FlorescuTel: +44 (0) 7767 477192 LCF Edmond de Rothschild Securities (Broker)Hiroshi Funaki / Claire HeathfieldTel: +44 (0) 20 7845 5960 Grant Thornton Corporate Finance (Nominated Adviser)Philip SecrettTel: +44 (0) 20 7383 5100 END This information is provided by RNS The company news service from the London Stock Exchange