Caesars Entertainment misses Q2 earnings expectations, shares edge lower
LONDON - CVC Income & Growth Limited has announced the tender prices for its Euro and Sterling shares based on their net asset value (NAV) as of March 31, 2025. The tender price for Euro shares has been set at €1.0745, slightly lower than the NAV per Euro Share of €1.0845. Similarly, the tender price for Sterling shares is established at £1.1733, down from the NAV per Sterling Share of £1.1833.
The company has detailed that the tender price reflects a deduction of £0.01/€0.01 from the NAV per share, which represents a 1% reduction from the reference price. This adjustment is part of the company’s March 2025 tender offer, which saw 14,064 Euro shares and 17,369 Sterling shares, including unplaced shares, being tendered.
Investors who participated in the tender can expect payment on May 16, 2025. Additionally, CVC Income & Growth Limited anticipates making an announcement about the unconditional purchase of shares pursuant to the tender purchases around May 9, 2025.
The terms used in this announcement have the same definitions as those in the company’s Annual General Meeting Notice dated April 8, 2024, unless stated otherwise. This financial update is based on a press release statement and has been released through RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the UK as a Primary Information Provider.
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