Sale of Treasury Shares

RNS Number : 5276X

CVC Credit Partners European OpsLtd

10 August 2018

 

10 August 2018

CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LIMITED
(a closed-ended investment company incorporated in Jersey with registration number 112635)
Registered Office: IFC 1, The Esplanade, St Helier, Jersey, JE1 4BP

Sale of Treasury Shares

CVC Credit Partners European Opportunities Limited (the "Company") is pleased to announce the sale of ordinary Sterling and Euro shares out of treasury (together the "Sales").

The ordinary Euro share sale raised gross proceeds of €275,675 through the sale of 250,000 shares at a price of €1.1027 per share.

The ordinary Sterling share sale raised gross proceeds of £283,450 through the sale of 250,000 ordinary Sterling shares at a price of £1.1338 per share.

The share price for both sales represents a premium to the net asset values for each class of the Company's shares as at 27 July 2018, less the dividend declared on 1 August 2018 with an ex-dividend date of 9 August 2018. Settlement is expected to take place on or around 14 August 2018.

Following completion of the Sales, the Company's issued share capital (excluding treasury shares) will consist of:

122,240,573 ordinary Euro shares of no par value

328,812,653 ordinary Sterling shares of no par value

Each ordinary Euro share carries the right to 1 vote and each ordinary Sterling share carries the right to 1.17 votes.

The total number of voting rights of the ordinary Euro shares of no par value is 122,240,573 and of the ordinary Sterling shares of no par value is 384,710,804. The total number of voting rights in the Company will be 506,951,377. The Company will hold the following ordinary shares in treasury:

9,103,558 ordinary Euro shares of no par value (non-voting)

29,062,531 ordinary Sterling shares of no par value (non-voting)

ENQUIRIES

CVC Credit Partners European Opportunities Limited
Richard Boléat
[phone]

Winterflood Securities Limited
Joe Winkley

Neil Morgan

[phone]

CVC Credit Partners European Opportunities Limited is regulated by the Jersey Financial Services Commission

A copy of this announcement is and will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions for inspection on the Company's web site at www.ccpeol.com

 

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