Reconstruction Capital II Ltd New valuations of private equity positions (7324Z)
March 16 2017 - 10:30AM
UK Regulatory
TIDMRC2
RNS Number : 7324Z
Reconstruction Capital II Ltd
16 March 2017
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 EUR Revised valuations
EUR
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 EUR
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
This information is provided by RNS
The company news service from the London Stock Exchange
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