September 2015 Tender Price

RNS Number : 8043C

CVC Credit Partners European OpsLtd

20 October 2015

 



20 October 2015

CVC Credit Partners European Opportunities Limited

September 2015 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its September 2015 Tender:

Sterling Shares¹

Shares tendered	1
30 September 2015 NAV per Sterling Share	£1.0383
Tender Price	£1.0233

Euro Shares¹

Shares tendered	37,446,615
30 September 2015 NAV per Euro Share	€1.0304
Tender Price	€1.0154

The Tender Price equals the NAV per Share as at 30 September 2015 minus £0.015 / €0.015 (being 1.5% 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 September 2015 tender will be made on 12 November 2015.

The Basic Entitlement for the 31 December 2015 Contractual Quarterly Tender will be 24.99% of the Shares held on 1 October 2015.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 10 November 2015.

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 1 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.045364) and 37,186,412 Euro Company Investment Vehicle Interests (based on a net asset value of €1.037610), 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.

 

END

 

 

TENGCBDGDDDBGUG