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CVC Credit Partners European Opps plans placing

03 December 2015 09:24

CVC Credit Partners European Opportunities Limited intends to place up to 20 million euro ordinary shares, currently held in treasury, at a price of between 0.25% and 1.00% premium to the company's net asset value per share.

The company says the proposed placing accords with its objective to maintain its capital base through the sale of shares held in treasury as a result of the company's quarterly tender mechanism.

The placing will be based on the NAV of the company as at 30 November, which is expected to be published on 11 December.

The company also announced that it has extended the deadline for shareholders to elect to participate in the January 2016 ordinary share conversion from 16 December to 18 December. Conversions will take effect on 29 January based on the company's month-end net asset value figure for 31 December.

At 9:24am: (LON:CCPG) CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES NPV GBP share price was +1.25p at 105p

Story provided by StockMarketWire.com

Related Company: CCPG

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