June 2014 Tender Price

RNS Number : 8627M

CVC Credit Partners European OpsLtd

21 July 2014

 



21 July 2014

CVC Credit Partners European Opportunities Limited

June 2014 Tender Price

CVC Credit Partners European Opportunities Limited (the "Company") announces the following in relation to its June 2014 Tender:

Sterling Shares

Shares tendered	7,401
30 June 2014 NAV per Sterling Share	£1.0268
Tender Price	£1.0068

Euro Shares

Shares tendered	280,875
30 June 2014 NAV per Euro Share	€1.0250
Tender Price	€1.0050

The Tender Price equals the NAV per Share as at 30 June 2014 minus £0.02 / €0.02 (being 2.0% 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 tendered Shares have been provisionally accepted for purchase subject to the satisfaction of the Realisation Condition.

It is anticipated that payment for the June 2014 tender will be made on 13 August 2014.

The Basic Entitlement for the 30 September 2014 Contractual Quarterly Tender will be 24.99% of the Shares held on 1 July 2014.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 11 August 2014.

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 7,353 Sterling Company Investment Vehicle Interests (based on a post distribution net asset value of £1.03353) and 279,142 Euro Company Investment Vehicle Interests (based on a post distribution net asset value of €1.03137 ), 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.

 

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