The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

December 2019 Tender Price

23 Jan 2020 13:22

RNS Number : 7654A
CVC Credit Partners European Opps.
23 January 2020
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TENXXLFLBFLFBBK

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.