22 Jul 2019 16:07
22 July 2019
CVC Credit Partners European Opportunities Limited
June 2019 Tender Price
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CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2019 Tender:
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Sterling Shares1
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Shares tendered | 4,396,358 |
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28 June 2019 NAV per Sterling Share | £1.0715 |
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Tender Price | £1.0615 |
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Applications to tender for a total of three Sterling Shares were rejected in accordance with the terms and conditions of the Contractual Quarterly Tenders, whereby the amount realised as a result of the election to tender would be less than the tender administration charge payable by the shareholder.
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The Tender Price equals the NAV per Share as at 28 June 2019 minus £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.
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No Euro Shares were tendered.
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The Basic Entitlement for the September 2019 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 8 February 2019.
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A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 9 August 2019. It is anticipated that payment for the June 2019 tender will be made on 14 August 2019.
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Terms defined in the Company's prospectus dated 29 March 2019 have the same meaning in this announcement unless otherwise defined.
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CVC Credit Partners European Opportunities Limited: +44 (0)1534 625 522Richard Boléat
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BNP Paribas Securities Services S.C.A., Jersey Branch +44 (0)1534 709 181
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1In respect of the Realisation Condition, the Company will submit redemption requests to the Investment Vehicle in respect of 4,383,186 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.074720) 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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