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CVC Credit Partners European Opportunities Ltd (CCPG) Ordinary NPV GBP

Sell:92.00p Buy:93.80p 0 Change: No change
Market closed Prices as at close on 27 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2020)

What is happening?

 

CVC Credit Partners European Opportunities Ltd announced details of the latest Contractual Quarterly Tender Offer. You have two options to consider before our noon on Friday 6 November 2020 deadline.

 

Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this December opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell 24.99%) of their Shareholding as at the close of business on 10 February 2020. You are able to elect to tender any number of Shares. However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro rata scaling back. The Tender Offer price will be the Net Asset Value (NAV) per Share on 31 December 2020 less 1% of the Reference Price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Friday 6 November 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 February 2021.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:92.00p
Buy:93.80p
Change: No change
Market closed Prices as at close on 27 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2020)

What is happening?

 

CVC Credit Partners European Opportunities Ltd announced details of the latest Contractual Quarterly Tender Offer. You have two options to consider before our noon on Friday 6 November 2020 deadline.

 

Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this December opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell 24.99%) of their Shareholding as at the close of business on 10 February 2020. You are able to elect to tender any number of Shares. However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro rata scaling back. The Tender Offer price will be the Net Asset Value (NAV) per Share on 31 December 2020 less 1% of the Reference Price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Friday 6 November 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 February 2021.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:92.00p
Buy:93.80p
Change: No change
Market closed Prices as at close on 27 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 22 Oct 2020)

What is happening?

 

CVC Credit Partners European Opportunities Ltd announced details of the latest Contractual Quarterly Tender Offer. You have two options to consider before our noon on Friday 6 November 2020 deadline.

 

Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this December opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell 24.99%) of their Shareholding as at the close of business on 10 February 2020. You are able to elect to tender any number of Shares. However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro rata scaling back. The Tender Offer price will be the Net Asset Value (NAV) per Share on 31 December 2020 less 1% of the Reference Price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Friday 6 November 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 February 2021.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

CVC Credit Partners European Opportunities Limited is a closed-ended investment fund. The Fund is self-managed. The Fund's investment objective is to provide shareholders with regular income returns and capital appreciation from a diversified portfolio of sub-investment-grade debt instruments. Its investment policy is to invest in companies domiciled, or with material operations, in Western Europe across various industries. Its investments focus on senior secured obligations of such companies but investments are also made across the capital structure of such borrowers. It invests in CVC European Credit Opportunities S.a r.l. (Investment Vehicle), which in turn invests in the debt of larger companies. The Investment Vehicle invests in a range of different credit instruments, including senior secured, second lien and mezzanine loans, and senior secured, unsecured and subordinated bonds. CVC Credit Partners Investment Management Limited is the Investment Vehicle Manager of the Fund.

Important dates

Future events
There are no future events available.
Past events
Interim results 28 September 2020 28/09/20
Interim dividend payment date 28 August 2020 28/08/20
Interim ex-dividend date 06 August 2020 06/08/20
Interim dividend payment date 05 June 2020 05/06/20
Interim ex-dividend date 14 May 2020 14/05/20
AGM 01 May 2020 01/05/20
Annual report 11 March 2020 11/03/20
Interim dividend payment date 28 February 2020 28/02/20
Interim ex-dividend date 06 February 2020 06/02/20
Interim dividend payment date 29 November 2019 29/11/19
Interim ex-dividend date 07 November 2019 07/11/19

General stock information

EPIC:
CCPG
ISIN:
JE00B9MRHZ51
Market cap:
£304.12 million
Shares in issue:
330.57 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE All Share,FTSE Small Cap

Contact details

Address:
Ifc1, The Esplanade
SAINT HELIER
JE1 4BP
Jersey
Telephone:
+44 (01534) 815200
Website:
https://www.ccpeol.com/

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.