December 2015 Tender Price

RNS Number : 6007M

CVC Credit Partners European OpsLtd

21 January 2016

 

21 January 2016

CVC Credit Partners European Opportunities Limited

December 2015 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its December 2015 Tender:

Sterling Shares¹

Shares tendered	262,055
31 December 2015 NAV per Sterling Share	£1.0352
Tender Price	£1.0202

Euro Shares¹

Shares tendered	29,210,354
31 December 2015 NAV per Euro Share	€1.0257
Tender Price	€1.0107

The Tender Price equals the NAV per Share as at 31 December 2015 minus £0.015 / €0.015 (being 1.5% of the Placing Price), as applicable. Each tender is also subject to a tender administration fee of €1,000, or the Sterling equivalent, per tendering Shareholder per transaction.

The tendered Shares have been provisionally accepted for purchase subject to the satisfaction of the Realisation Condition.

It is anticipated that payment for the December 2015 tender will be made on 12 February 2016.

The Basic Entitlement for the 31 March 2016 Contractual Quarterly Tender will be 22.05% of the Euro Shares and 24.99% of the Sterling Shares held on 4 January 2015.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 10 February 2016.

Terms defined in the Company's prospectus dated 20 March 2014 have the same meaning in this announcement unless otherwise defined.

CVC Credit Partners European Opportunities Limited:                   [phone]
Richard Boléat

BNP Paribas Securities Services S.C.A., Jersey Branch                     [phone]

¹In respect of the Realisation Condition, the Company has submitted redemption requests to the Investment Vehicle in respect of 260,193.00 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.042610) and 28,999,720.00 Euro Company Investment Vehicle Interests (based on a net asset value of €1.033150), each of which has been accepted and in respect of which funds are expected to be received on or before the anticipated payment date set out above.

 

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