March 2019 Tender Price

RNS Number : 8184W

CVC Credit Partners European Opps.

23 April 2019

 

23 April 2019

CVC Credit Partners European Opportunities Limited

March 2019 Tender Price

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

Euro Shares¹

Shares tendered	1,575,007
29 March 2019 NAV per Euro Share	€1.0413
Tender Price	€1.0313

Sterling Shares¹

Shares tendered	5,861,033
29 March 2019 NAV per Sterling Share	£1.0808
Tender Price	£1.0708

The Tender Price equals the NAV per Share as at 29 March 2019 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 March 2019 tender will be made on 17 May 2019.

The Basic Entitlement for the June 2019 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 9 November 2018.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 13 May 2019.

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 1,566,351 Euro Company Investment Vehicle Interests (based on a net asset value of €1.047055) and 5,840,946 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.084517) 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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