16 Mar 2017 15:30
16 March 2017
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., Top Factoring Group and Mamaia Hotel Resorts Srl as at 31 December 2016. A table showing the new and prior valuations of the main private equity positions is shown below:
Prior valuations € | Revised valuations € | |
Policolor S.A. | 19,920,000 | 20,640,000 |
Top Factoring Group | 6,925,544 | 11,284,423 |
Mamaia Hotel Resorts SRL | 3,194,735 | 4,079,921 |
Total | 30,040,279 | 36,004,344 |
Net Asset Value
The Company announces that at close of business on 31 December 2016 its unaudited net asset value ("NAV") per share was € 0.3670. The new NAV reflects the changes to the valuations of the private equity positions outlined above.
Quarterly report
A quarterly report which details the activities of the Company for the quarter ended 31 December 2016 will be issued in due course by the Adviser of the Company.
For further information, please contact:
Reconstruction Capital II Limited
Ion Florescu/Anca Moraru
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/Carolyn Sansom
Tel: +44 (0) 20 7383 5100
RC2.L (RC2)