NAV, Quarterly Report and New PE Valuations

RNS Number : 6212H
Reconstruction Capital II Ltd
14 March 2018
 

14 March 2018

 

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., Telecredit IFN SA and Mamaia Resort Hotels SRL as at 31 December 2017.  A table showing the new and prior valuations of the main private equity positions is shown below:


Prior valuations €

 Revised valuations €

Policolor S.A.

20,640,000

20,600,000

Telecredit IFN SA

2,823,234

2,664,000

Mamaia Hotel Resorts SRL

4,079,921

4,404,658

Total

27,543,155

27,668,658

 

Net Asset Value

The Company announces that at close of business on 31 December 2017 its unaudited net asset value ("NAV") per share was € 0.2504. 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 2017 has been issued by the Adviser of the Company.

For further information, please contact:

Reconstruction Capital II Limited

Cornelia Oancea/Anca Moraru

Tel: +40 21 3167680

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

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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