22 Jul 2019 16:07
22 July 2019
CVC Credit Partners European Opportunities Limited
June 2019 Tender Price
CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2019 Tender:
Sterling Shares1
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 |
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.
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.
No Euro Shares were tendered.
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.
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.
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 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.