Reconstruction Capital II Ltd Loans to Telecredit IFN S.A. (4095P)
18 Octubre 2021 - 6:14AM
UK Regulatory
TIDMRC2
RNS Number : 4095P
Reconstruction Capital II Ltd
18 October 2021
18 October 2021
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 EUR200,000 in unsecured loans to Telecredit IFN S.A.
("Telecredit"): Ion Florescu (a significant shareholder in the
Company) EUR120,000, and Mihai Radoi (a former director of the
Company) EUR80,000 (the "Loans").
The Loans mature in October 2022 and carry an annual interest
rate of 8% and were granted to support the working capital
requirements of Telecredit related to its SMEs factoring and
discounting operations.
The 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 / Anca Moraru
Tel: +40 21 3167680
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Tel: +44 (0) 20 7383 5100
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