2nd Aug 2016 15:22
LONDON (Alliance News) - Reconstruction Capital II Ltd Tuesday reported a rise in net asset value per share in the first half of 2016. as it continued to pursue a number of exits from both its investee companies as well as certain assets held by them.
The close-end investment company did not make any new investments under its private equity programme. Investments held under this programme had a fair value of EUR46.5 million at the end of June, up 4.5% from the 2015 year-end audit report.
The total market value of listed equities held under its trading programme had a total market value of EUR210,000, down 22.4%, due to the sale of one of its holdings and the part disposal of another.
Reconstruction Capital said its net asset value per share was EUR0.4212, up from EUR0.3736 per share at the end of 2015, which it attributed to growth in the share price of Albalact, driven by the announcement Reconstruction Capital and the Ciurtin family had agreed to sell their shares in the company to French dairy company Lactalis.
It did not recommend the payment of a dividend.
Shares in Reconstruction Capital were untraded Tuesday morning. They last closed at EUR0.215.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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