23 Jan 2020 13:22
23 January 2020
CVC Credit Partners European Opportunities Limited
December 2019 Tender Price
CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its December 2019 Tender:
Sterling Shares1
Shares accepted for tender | 76,796,296 |
31 December 2019 NAV per Sterling Share | £1.0534 |
Tender Price | £1.0434 |
Euro Shares1
Shares accepted for tender | 2,455,926 |
31 December 2019 NAV per Euro Share | €1.0013 |
Tender Price | €0.9913 |
The Tender Price equals the NAV per Share as at 31 December 2019 minus £0.01/€0.01 (being 1% of the Placing Price), as applicable.
It is anticipated that a further announcement regarding the unconditional purchase of the Shares tendered will be made on or around 7 February 2020, and that payment for the December 2019 tender will be made on 14 February 2020.
The Basic Entitlement for the March 2020 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 7 August 2019.
Terms defined in the Company's prospectus dated 29 March 2019 have the same meaning in this announcement unless otherwise defined.
CVC Credit Partners European Opportunities Limited: +44 (0)1534 625 522Richard Boléat
BNP Paribas Securities Services S.C.A., Jersey Branch +44 (0)1534 709 181
1In respect of the Realisation Condition, the Company will submit redemption requests to the Investment Vehicle in respect of 2,439,950 Euro Company Investment Vehicle Interests (based on a net asset value of €1.007856) and 76,688,281 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.054884) 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.