June 2020 Tender Price

RNS Number : 7800T

CVC Credit Partners European Opps.

22 July 2020

 

22 July 2020

CVC Credit Partners European Opportunities Limited

June 2020 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2020 Tender:

Sterling Shares¹

Shares accepted for tender	25,588,695
30 June 2020 NAV per Sterling Share	£0.9425
Tender Price	£0.9325

Euro Shares¹

Shares accepted for tender	6,319,950
30 June 2020 NAV per Euro Share	€0.8896
Tender Price	€0.8796

The Tender Price equals the NAV per Share as at 30 June 2020 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 12 August 2020, and that payment for the June 2020 tender will be made on 14 August 2020.

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]

¹ In respect of the Realisation Condition, the Company will submit redemption requests to the Investment Vehicle in respect of 6,270,610 Euro Company Investment Vehicle Interests (based on a net asset value of €0.896600) and 25,662,849 Sterling Company Investment Vehicle Interests (based on a net asset value of £0.939777) 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.

 

END

 

 

TENUURARRAUBUAR