CVC Credit Partners European OpsLtd September 2016 Tender Price (2105N)
22 October 2016 - 12:49AM
UK Regulatory
TIDMCCPG
RNS Number : 2105N
CVC Credit Partners European OpsLtd
21 October 2016
21 October 2016
CVC Credit Partners European Opportunities Limited
September 2016 Tender Price
The information contained within this announcement constitutes
inside information.
CVC Credit Partners European Opportunities Limited (the
"Company") announces the following in relation to its September
2016 Tender:
Euro Shares(1)
Shares tendered 7,128,382
30 September 2016 NAV per Euro Share EUR1.0295
Tender Price EUR1.0195
Sterling Shares(1)
Shares tendered 39,612,080
30 September 2016 NAV per Sterling GBP1.0449
Share
Tender Price GBP1.0349
The Tender Price equals the NAV per Share as at 30 September
2016 minus GBP0.01 / EUR0.01 (being 1% of the Placing Price), as
applicable. Each tender is also subject to a tender administration
fee of EUR1,000, or the Sterling equivalent, per tendering
Shareholder per transaction.
The tendered Shares have been provisionally accepted for
purchase subject to the satisfaction of the Realisation
Condition.
It is anticipated that payment for the September 2016 tender
will be made on 14 November 2016.
The Basic Entitlement for the December 2016 Contractual
Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of
the Sterling Shares held on 3 October 2016.
A further announcement regarding the unconditional purchase of
the Tender Shares is expected to be made on or around 10 November
2016.
Terms defined in the Company's prospectus dated 20 March 2014
have the same meaning in this announcement unless otherwise
defined.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Siobhan Lavery of BNP
Paribas Securities Services S.C.A., Jersey Branch, Company
Secretary.
CVC Credit Partners European Opportunities Limited: +44 (0)1534 625 522
Richard Boléat
BNP Paribas Securities Services S.C.A., Jersey Branch +44 (0)1534 709 181
(1) In respect of the Realisation Condition, the Company has
submitted redemption requests to the Investment Vehicle in respect
of 39,343,203 Sterling Company Investment Vehicle Interests (based
on a net asset value of GBP1.052041) and 7,080,063 Euro Company
Investment Vehicle Interests (based on a net asset value of
EUR1.036526), each of 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 company news service from the London Stock Exchange
END
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