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CVC LIMITED — Capital/Financing Update 2020
Mar 30, 2020
64728_rns_2020-03-30_b2347f26-bfb1-43c0-b4ae-7d261eb3394f.pdf
Capital/Financing Update
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31 March 2020
ASX Limited 20 Bridge Street Sydney NSW 2000
By: e-lodgement
Attention: Company Announcements Office
Convertible Note Buy Back
The directors of CVC Limited (ASX: CVC) have today decided to announce a Convertible Note buyback program. The program has been implemented to provide some liquidity to Convertible Noteholders given the current volatility being experienced in the share market.
The timing of the buyback program and the maximum number of Convertible Notes to be bought back is as follows:
| timing of the buyback program and the maximum number ofk is as follows: | Convertible Notes to be boug |
|---|---|
| Open date | 31 March 2020 |
| Close date | 30 April 2020 |
| Maximum number of Convertible Notes to be bought back | 20,000 |
The Directors will continually assess the number of Notes that are bought back, if any, and the price applicable.
The Company may vary, suspend or terminate the on-market buy-back based on its prevailing view of market conditions and other factors which may affect Convertible Noteholder interests.
Following the completion of the buyback program, the Directors will assess if a further buyback program should be implemented.
Authorised by: John Hunter Company Secretary
CVC Limited Level 37 T 02 9087 8000 ABN34 002 700 361 1 Macquarie Place F 02 9087 8088 Sydney NSW 2000 www.cvc.com.au