CVC Credit Partners European OpsLtd June 2017 Tender Price (7968L)

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RNS Number : 7968L

CVC Credit Partners European OpsLtd

21 July 2017

21 July 2017

CVC Credit Partners European Opportunities Limited

June 2017 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 June 2017 Tender:

Euro Shares(1)

 
 Shares tendered                    4,013,564 
 
 30 June 2017 NAV per Euro Share    EUR1.0954 
 
 Tender Price                       EUR1.0854 
 

The Tender Price equals the NAV per Share as at 30 June 2017 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 June 2017 tender will be made on 14 August 2017.

The Basic Entitlement for the September 2017 Contractual Quarterly Tender will be 24.99% of the Euro Shares and 24.99% of the Sterling Shares held on 27 February 2017.

A further announcement regarding the unconditional purchase of the Tender Shares is expected to be made on or around 10 August 2017.

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:                   [phone] 

Richard Boléat

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

(1) In respect of the Realisation Condition, the Company has submitted redemption requests to the Investment Vehicle in respect of 3,988,669 Euro Company Investment Vehicle Interests (based on a net asset value of EUR1.102237), 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

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July 21, 2017 10:10 ET (14:10 GMT)