December 2017 Tender Price

RNS Number : 8229C

CVC Credit Partners European OpsLtd

24 January 2018

 

24 January 2018

CVC Credit Partners European Opportunities Limited

December 2017 Tender Price

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

Sterling Shares¹

Shares tendered	14,660
29 December 2017 NAV per Sterling Share	£1.1190
Tender Price	£1.1090

The Tender Price equals the NAV per Share as at 29 December 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 December 2017 tender will be made on 12 February 2018.

The Basic Entitlement for the March 2018 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 2 January 2018.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 7 February 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]

                                                                                                             [phone]

¹In respect of the Realisation Condition, the Company has submitted redemption requests to the Investment Vehicle in respect of 14,561 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.126641), 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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