December 2019 Tender Price

RNS Number : 7654A

CVC Credit Partners European Opps.

23 January 2020

 

23 January 2020

CVC Credit Partners European Opportunities Limited

December 2019 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its December 2019 Tender:

Sterling Shares¹

Shares accepted for tender	76,796,296
31 December 2019 NAV per Sterling Share	£1.0534
Tender Price	£1.0434

Euro Shares¹

Shares accepted for tender	2,455,926
31 December 2019 NAV per Euro Share	€1.0013
Tender Price	€0.9913

The Tender Price equals the NAV per Share as at 31 December 2019 minus £0.01/€0.01 (being 1% of the Placing Price), as applicable.

It is anticipated that a further announcement regarding the unconditional purchase of the Shares tendered will be made on or around 7 February 2020, and that payment for the December 2019 tender will be made on 14 February 2020.

The Basic Entitlement for the March 2020 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 7 August 2019.

Terms defined in the Company's prospectus dated 29 March 2019 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 will submit redemption requests to the Investment Vehicle in respect of 2,439,950 Euro Company Investment Vehicle Interests (based on a net asset value of €1.007856) and 76,688,281 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.054884) 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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