17 May 2006 16:54
Reconstruction Capital II Ltd17 May 2006 17 May 2006 Reconstruction Capital II Limited (the "Company") Placing Reconstruction Capital II Limited announces that, following the announcement of9 May 2006 it has raised approximately EUR 40.2m net of expenses by way of aplacing of 40,617,869 new Ordinary Shares of €0.01 each ("Placing") which havebeen placed with a number of institutional investors. The shares are due to beadmitted to trading on AIM on or around 23 May 2006. Use of Proceeds The proceeds of the Placing will be used to continue to invest in South EastEurope, mainly Romania and Bulgaria. Priority sectors include, amongst others,branded food products, infrastructure, specialized retail and distribution,financial services, medical services and real estate development. Significant Shareholder Following the Placing, Reichmuth & Co will have a notifiable interest of9,803,922 ordinary shares (15.1%) in the issued share capital of the Company,and Alfa Trust Andromeda will have a notifiable interest of 2,020,202 shares(3.1%) in the share capital of the Company. For further information:Ion FlorescuReconstruction Capital II LimitedTel: +44 (0) 7767 477192 This information is provided by RNS The company news service from the London Stock Exchange