23 Oct 2019 11:31
23 October 2019
CVC Credit Partners European Opportunities Limited
September 2019 Tender Price
CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its September 2019 Tender:
Sterling Shares1
Shares tendered | 24,749,347 |
30 September 2019 NAV per Sterling Share | £1.0535 |
Tender Price | £1.0435 |
Euro Shares1
Shares tendered | 1,665,000 |
30 September 2019 NAV per Euro Share | £1.0070 |
Tender Price | €0.9970 |
The Tender Price equals the NAV per Share as at 30 September 2019 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 Basic Entitlement for the December 2019 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 10 May 2019.
A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 11 November 2019. It is anticipated that payment for the September 2019 tender will be made on 18 November 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 1,655,064 Euro Company Investment Vehicle Interests (based on a net asset value of €1.013046) and 24,685,916 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.056207) 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.