September 2016 Tender Price

RNS Number : 2105N

CVC Credit Partners European OpsLtd

21 October 2016

 

21 October 2016

CVC Credit Partners European Opportunities Limited

September 2016 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 September 2016 Tender:

Euro Shares¹

Shares tendered	7,128,382
30 September 2016 NAV per Euro Share	€1.0295
Tender Price	€1.0195

Sterling Shares¹

Shares tendered	39,612,080
30 September 2016 NAV per Sterling Share	£1.0449
Tender Price	£1.0349

The Tender Price equals the NAV per Share as at 30 September 2016 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 September 2016 tender will be made on 14 November 2016.

The Basic Entitlement for the December 2016 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 3 October 2016.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 10 November 2016.

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 39,343,203 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.052041) and 7,080,063 Euro Company Investment Vehicle Interests (based on a net asset value of €1.036526), 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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