Result of Tender Offer

RNS Number : 2504K

Reconstruction Capital II Ltd

16 December 2008

 



Reconstruction Capital II Limited

16 December 2008

Result of Tender Offer

Reconstruction Capital II Limited (the 'Company') today announces that following the closing of its tender offer on Friday 12 December 2008, 12,681,054 ordinary shares have been re-purchased from shareholders at a price of €0.9849 per ordinary share for a total consideration of €12.5m. All the shares re-purchased by the Company under the tender offer will be cancelled. The payment date for shareholders is expected to be 17 December 2008.

Following the completion of the tender offer, the Company will have 100,000,000 ordinary shares in issue.

Directors' Dealings

Mr Ion Florescu, a director of the Company, sold 45,240 ordinary shares pursuant to the tender offer. As a result of this transaction, Mr Florescu is interested in 381,360 ordinary shares representing 0.38% of the total issued share capital of the Company.

Mr Franklin P Johnson, a director of the Company, sold 90,000 ordinary shares pursuant to the tender offer. As a result of this transaction, Mr Johnson is interested in 710,000 ordinary shares representing 0.71% of the total issued share capital of the Company.

Mr Dirk Van den Broeck, a director of the Company, sold 167,741 ordinary shares pursuant to the tender offer. As a result of this transaction, Mr Van den Broeck is interested in 1,322,459 ordinary shares representing 1.32% of the total issued share capital of the Company.

Mr Markus Winkler, a director of the Company, sold 45,240 ordinary shares pursuant to the tender offer. As a result of this transaction, Mr Winkler is interested in 354,760 ordinary shares representing 0.35% of the total issued share capital of the Company.

For further information, please contact:

Reconstruction Capital II Limited

Ion Florescu

Tel: [phone]

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Tel: [phone]

LCF Edmond de Rothschild Securities (Broker)

Hiroshi Funaki / Claire Heathfield

Tel: [phone]

 

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