December 2018 Tender Price

RNS Number : 0411O

CVC Credit Partners European OpsLtd

24 January 2019

 

24 January 2019

CVC Credit Partners European Opportunities Limited

December 2018 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its December 2018 Tender:

Sterling Shares¹

Shares tendered	144,501
31 December 2018 NAV per Sterling Share	£1.0762
Tender Price	£1.0662

The Tender Price equals the NAV per Share as at 31 December 2018 minus £0.01 / €0.01 (being 1% of the Reference Price²), 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 tendered Shares have been provisionally accepted for purchase subject to the satisfaction of the Realisation Condition.

It is anticipated that payment for the December 2018 tender will be made on 15 February 2019.

The Basic Entitlement for the March 2019 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 2 January 2019.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 8 February 2019.

Terms defined in the Company's prospectus dated 20 March 2014 have the same meaning in this announcement unless otherwise defined.

CVC Credit Partners European Opportunities Limited:                        [phone]
Richard Boléat

BNP Paribas Securities Services S.C.A., Jersey Branch                      [phone]

¹In respect of the Realisation Condition, the Company has submitted redemption requests to the Investment Vehicle in respect of 143,892.00 Sterling Company Investment Vehicle Interests (based on a net asset value of £1.080762) 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.

²€1.00 per Euro Share and £1.00 per Sterling Share.

 

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