March 2017 Tender Price

RNS Number : 9761C

CVC Credit Partners European OpsLtd

21 April 2017

 

21 April 2017

CVC Credit Partners European Opportunities Limited

March 2017 Tender Price

The information contained within this announcement constitutes inside information.

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its March 2017 Tender:

Euro Shares¹

Shares tendered	5,543,631
31 March 2017 NAV per Euro Share	€1.0779
Tender Price	€1.0679

Sterling Shares¹

Shares tendered	6,965,625
31 March 2017 NAV per Sterling Share	£1.0961
Tender Price	£1.0861

The Tender Price equals the NAV per Share as at 31 March 2017 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 provisionally accepted for purchase subject to the satisfaction of the Realisation Condition.

It is anticipated that payment for the March 2017 tender will be made on 15 May 2017.

The Basic Entitlement for the June 2017 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 27 February 2017.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 11 May 2017.

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

The person responsible for arranging for the release of this announcement on behalf of the Company is Siobhan Lavery of BNP Paribas Securities Services S.C.A., Jersey Branch, Company Secretary.

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 6,917,216 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.103771) and 5,503,287 Euro Company Investment Vehicle Interests (based on a net asset value of €1.085802), 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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