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CVC LIMITED — Capital/Financing Update 2023
Apr 23, 2023
64728_rns_2023-04-23_185c335d-59f4-41b2-b8d4-a71e90f6ee8a.pdf
Capital/Financing Update
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ASX Announcement
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24 April 2023
Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000
By: e-lodgement
Attention: Company Announcements Office
Divestment of Key Holding
CVC Limited (ASX:CVC) entered into an agreement to sell 19.9% of Eildon Capital Group (ASX: EDC)
CVC had entered into an agreement with Samuel Terry Asset Management Pty Ltd as trustee for Samuel Terry Absolute Return Active Fund on 21 April 2023 to sell 9,400,882 stapled securities in Eildon Capital Group ( Eildon ) representing 19.9% of the stapled securities on issue in Eildon. The consideration to be paid for the holding is approximately $8.7m representing a price of $0.93 per stapled security.
The divestment releases capital that is earmarked for future capital commitments relating to contracted investments and to undertake new transactions which are anticipated in the medium term.
- Ends -
Authorised by the Board for release
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CVC Limited ABN 34 002 700 361 Level 40, 1 Farrer Place, Sydney NSW 2000 T 02 9087 8000 W www.cvc.com.au