CVC Credit Partners European Opps. Result of Placing (4400B)
07 June 2019 - 4:00PM
UK Regulatory
TIDMCCPG TIDMCCPE
RNS Number : 4400B
CVC Credit Partners European Opps.
07 June 2019
7 June 2019
CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LIMITED (the
"Company")
(a closed-ended investment company incorporated in Jersey with
registration number 112635)
Registered Office: IFC 1, The Esplanade, St Helier, Jersey, JE1
4BP
Result of Placing
The Company is pleased to announce that it has successfully
raised GBP23.7 million pursuant to the placing of new ordinary
shares of no par value (the "Shares").
Accordingly, a total of 21,945,963 Sterling Shares have been
issued at the placing price of GBP1.0795 per Share. The placing
price is equal to a 1 per cent. premium to the last-published net
asset value per Sterling Share as at the time the Placing closed,
being the estimated weekly NAVs at 31 May 2019 of GBP1.0688 per
Sterling Share.
The new Shares will, when issued, be credited as fully paid and
will rank pari passu in all respects with the existing Shares.
Applications have been made for the admission of 21,945,963
Sterling Shares to the premium segment of the Official List and to
trading on the Main Market of the London Stock Exchange. Admission
is expected to occur at 8.00am on 11 June 2019.
After the admission of the new Sterling Shares, there will be
359,200,242 Sterling Shares in issue and 20,961,433 Sterling
treasury Shares remaining and 127,850,575 Euro Shares in issue and
4,703,590 Euro treasury Shares remaining. Each Sterling Share
carries the right to 1.17 votes and each Euro Share carries the
right to 1 vote. Accordingly, the total number of voting rights of
the Sterling Shares is 420,264,283 and of the Euro Shares is
127,850,575. The total number of voting rights in the Company is
therefore 548,114,858.
Other Information
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
prospectus dated 29 March 2019 published by the Company (the
"Prospectus"). The Prospectus is available on the Company's website
at www.ccpeol.com and on the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM.
ENQUIRIES
CVC Credit Partners European Opportunities Limited
Richard Boléat
+44 1534 625 522
Winterflood Securities Limited
Neil Morgan/Darren Willis
+44 20 3100 0000
CVC Credit Partners European Opportunities Limited is regulated
by the Jersey Financial Services Commission
A copy of this announcement will be available for inspection,
subject to certain restrictions relating to persons resident in
restricted jurisdictions, on the Company's web site at
www.ccpeol.com.
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
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