June 2016 Tender Price

RNS Number : 1093F

CVC Credit Partners European OpsLtd

25 July 2016

 

25 July 2016

CVC Credit Partners European Opportunities Limited

June 2016 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2016 Tender:

Euro Shares¹

Shares tendered	27,426,944
30 June 2016 NAV per Euro Share	€1.0199
Tender Price	€1.0099

Sterling Shares¹

Shares tendered	7,786,215
30 June 2016 NAV per Sterling Share	£1.0325
Tender Price	£1.0225

The Tender Price equals the NAV per Share as at 30 June 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 June 2016 tender will be made on 12 August 2016.

The Basic Entitlement for the 30 September 2016 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 1 July 2016.

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

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 7,928,420 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.040296) and 27,936,836 Euro Company Investment Vehicle Interests (based on a net asset value of €1.027267), 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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