REG - Reconstruction CapII - Extension of the maturity date of loans

Reconstruction Capital IIAnnouncement

10/05/2022 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220510:nRSJ9121Ka&default-theme=true

RNS Number : 9121K  Reconstruction Capital II Ltd  10 May 2022

10 May 2022

 

Reconstruction Capital II Limited

 

Extension of the maturity date of loans to Telecredit IFN S.A.

 

Reconstruction Capital II Limited (the "Company") announces that it has agreed
the following unsecured loans to Telecredit IFN S.A. ("Telecredit") (the
"Connected Loans") extending the loans previously announced on 11 May 2021:
Ion Florescu (a significant shareholder in the Company) €960,000; and
Cornelia Oancea (CEO of New Europe Capital SRL and a director of Telecredit)
€200,000.

 

The maturity date of the Connected Loans is 10 May 2023 and interest on the
Connected Loans will accrue at 9%.  The loans will be used to support the
working capital requirements of Telecredit related to its SMEs factoring and
discounting operations.

 

The terms of the Connected Loans constitute a related party transaction
pursuant to Rule 13 of the AIM Rules for Companies. The independent directors
of the Company (other than Zoran Melovski being a director of Portadrix
Investments Limited, the majority shareholder of New Europe Capital SRL),
having consulted with the Company's nominated adviser, Grant Thornton UK LLP,
consider that the terms of the Loan are fair and reasonable insofar as the
Company's shareholders are concerned.

 

For further information, please contact:

 

Reconstruction Capital II Limited

Cornelia Oancea / Luca-Cristian Nicolae

Tel: +40 21 3167680

 

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / George Grainger

Tel: +44 (0) 20 7383 5100

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IODEAKSEFLLAEEA