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

Sell:88.20p Buy:93.00p 0 Change: No change
Market closed Prices as at close on 3 July 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:
Cash due
Details (last updated 23 Apr 2020)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon Thursday 7 May 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 June 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 8 November 2019. 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 30 June 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 Thursday 7 May 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 14 August 2020.


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:88.20p
Buy:93.00p
Change: No change
Market closed Prices as at close on 3 July 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:
Cash due
Details (last updated 23 Apr 2020)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon Thursday 7 May 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 June 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 8 November 2019. 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 30 June 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 Thursday 7 May 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 14 August 2020.


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:88.20p
Buy:93.00p
Change: No change
Market closed Prices as at close on 3 July 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:
Cash due
Details (last updated 23 Apr 2020)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon Thursday 7 May 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 June 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 8 November 2019. 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 30 June 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 Thursday 7 May 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 14 August 2020.


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.

Objective

To invest predominantly in companies domiciled, or with material operations, in Western Europe across various industries. The Company's investments are focused on senior secured obligations of such companies but investments are also made across the capital structure of such borrowers. The Company pursues its investment policy by investing net proceeds from share issues and treasury share sales in the Investment Vehicle.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

The aggregate management fee payable to the Investment Manager and the Operations Manager is 1% p.a. of the Adjusted Portfolio Value in respect of the first GBP 1bn of the Adjusted Portfolio Value and 0.8% p.a. in respect of the Adjusted Portfolio Value in excess of GBP 1bn less the aggregate of the IM Advisory Fee and the OM Advisory Fee.

Dividend Policy

The Company intends to pay dividends to Shareholders equal to substantially the entire cash income it receives quaterly from its investment in the Investment Vehicle plus income from cash pending investment less fees and expenses in respect of that year, subject to the solvency test prescribed by Jersey law. The Company is targeting a dividend of EUR5.5 /GBX5.5 per ord p.a..

ASSET SPLIT

Total number of holdings: 2.

Trust Manager

Marc Boughton

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Richard BoleatChairman, Mark Tucker, David Wood, Stephanie Carbonneil

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

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'.