Reconstruction Capital II Ltd Loans to Telecredit IFN S.A. (7941D)
23 Giugno 2023 - 6:00PM
UK Regulatory
TIDMRC2
RNS Number : 7941D
Reconstruction Capital II Ltd
23 June 2023
23 June 2023
Reconstruction Capital II Limited
Loans to Telecredit IFN S.A.
Reconstruction Capital II Limited (the "Company") announces that
the following parties have entered into agreements to provide a
total of EUR400,000 in unsecured loans to Telecredit IFN S.A.
("Telecredit"): Ion Florescu (a substantial shareholder in the
Company) EUR150,000, and Cornelia Oancea (an officer of New Europe
Capital SRL, Adviser to the Company) EUR100,000 (the "Connected
Loans"), in addition to EUR150,000 from a third party (the
"Loans").
The Loans mature in June 2024 and carry an annual interest rate
of 8% and were granted to support the working capital requirements
of Telecredit related to its SME factoring and discounting
operations.
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 connected to Ion Florescu), having consulted with the
Company's nominated adviser, Grant Thornton UK LLP, consider that
the terms of the Connected Loans are fair and reasonable insofar as
the Company's shareholders are concerned.
For further information, please contact:
Reconstruction Capital II Limited
Cornelia Oancea/Luca Nicolae
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / George Grainger
Tel: +44 (0) 20 7383 5100
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