March 2018 Tender Price

RNS Number : 8099L

CVC Credit Partners European OpsLtd

23 April 2018

 

23 April 2018

CVC Credit Partners European Opportunities Limited

March 2018 Tender Price

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

Euro Shares¹

Shares tendered	3,933,091
29 March 2018 NAV per Euro Share	€1.0955
Tender Price	€1.0855

Sterling Shares¹

Shares tendered	24,443
29 March 2018 NAV per Sterling Share	£1.1235
Tender Price	£1.1135

The Tender Price equals the NAV per Share as at 29 March 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 provisionally accepted for purchase subject to the satisfaction of the Realisation Condition.

It is anticipated that payment for the March 2018 tender will be made on 15 May 2018.

The Basic Entitlement for the June 2018 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 10 November 2017.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 10 May 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 has submitted redemption requests to the Investment Vehicle in respect of 3,905,410 Euro Company Investment Vehicle Interests (based on a net asset value of €1.103265) and 24,293 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.130011) 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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