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CVC Income & Growth Limited (CVCG) Ord NPV GBP

Sell:116.50p Buy:120.00p 0 Change: No change
FTSE All Share:0.75%
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. 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 September 2024 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 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

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/message and not on the summary information outlined above.

 

×
Sell:116.50p
Buy:120.00p
Change: No change
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Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. 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 September 2024 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 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

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/message and not on the summary information outlined above.

 

×
Sell:116.50p
Buy:120.00p
Change: No change
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. 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 September 2024 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 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

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/message and not on the summary information outlined above.

 

×
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Business summary

CVC Income & Growth Limited is a Jersey-based closed-ended investment company. The Company invests the net proceeds of its share issues in CVC European Credit Opportunities S.a r.l, (the Investment Vehicle), which is CVC Credit Partners' existing European credit opportunities investment vehicle. The Company’s investment policy is to invest predominantly in debt instruments issued by companies domiciled in, or with material operations in Western Europe across various industries. The Company’s share capital consists of Euro Shares and Sterling Shares, which are denominated in Euro and Sterling respectively. Its Euro Shares and Sterling Shares are listed on the Official List of the United Kingdom Listing Authority and admitted to trading on the Main Market of the London Stock Exchange. The Company also has two Management Shares in issue, which are unlisted. CVC Credit Partners Investment Management Limited acts as the Investment Vehicle Manager of the Company.

Important dates

Future events
Interim dividend payment date 29 November 2024 29/11/24
Past events
Interim ex-dividend date 07 November 2024 07/11/24
Final dividend payment date 30 August 2024 30/08/24
Final ex-dividend date 08 August 2024 08/08/24
Final dividend payment date 31 May 2024 31/05/24
Final ex-dividend date 09 May 2024 09/05/24
Interim dividend payment date 01 March 2024 01/03/24
Interim ex-dividend date 08 February 2024 08/02/24
Interim dividend payment date 01 December 2023 01/12/23

General stock information

EPIC:
CVCG
ISIN:
JE00B9MRHZ51
Market cap:
£241.63 million
Shares in issue:
205.65 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://ig.cvc.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'.