Reconstruction Capital II Ltd Loan to Telecredit IFN S.A. (0270O)
28 Settembre 2023 - 1:56PM
UK Regulatory
TIDMRC2
RNS Number : 0270O
Reconstruction Capital II Ltd
28 September 2023
28 September 2023
Reconstruction Capital II Limited
Loan to Telecredit IFN S.A.
Reconstruction Capital II Limited (the "Company") announces that
Ion Florescu (a substantial shareholder in the Company) has entered
into an agreement to provide a total of EUR500,000 in unsecured
loans to Telecredit IFN S.A. ("Telecredit") (the "Loan").
The Loan matures in September 2024 and carries an annual
interest rate of 8% and was granted to support the working capital
requirements of Telecredit related to its SME factoring and
discounting operations.
The Loan constitutes 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 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 Nicolae
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Samuel Littler
Tel: +44 (0) 20 7383 5100
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