June 2018 Tender Price

RNS Number : 6320V

CVC Credit Partners European OpsLtd

24 July 2018

 

24 July 2018

CVC Credit Partners European Opportunities Limited

June 2018 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2018 Tender:

Euro Shares¹

Shares tendered	25
29 June 2018 NAV per Euro Share	€1.0962
Tender Price	€1.0862

Sterling Shares¹

Shares tendered	608
29 June 2018 NAV per Sterling Share	£1.1273
Tender Price	£1.1173

The Tender Price equals the NAV per Share as at 29 June 2018 minus £0.01 / €0.01 (being 1% 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 accepted for purchase.

It is anticipated that payment for the June 2018 tender will be made on 17 August 2018.

The Basic Entitlement for the September 2018 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 9 February 2018.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 14 August 2018.

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 will submit redemption requests to the Investment Vehicle in respect of 25 Euro Company Investment Vehicle Interests (based on a net asset value of €1.103390) and 605 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.133094) 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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