CVC Credit Partners European Opportunities Limited (LSE:CCPE) commences share repurchases on May 1, 2020, under the program mandated by the shareholders in the Annual General Meeting held on May 1, 2020. As per the mandate, the company is authorized to repurchase upto 50% of its issued share capital. purchase each quarter up to 24.99 per cent. of the shares in issue at the relevant tender record date. The minimum price which may be paid by the Company for any Share is £0.01. The repurchases will be financed by back-to-back redemptions of Company Investment Vehicle Interests. The purpose of the program is to cost-effectively provide the company with additional flexibility in the management of its capital base. The company may retain any of its own shares which it has purchased as treasury shares with a view to potentially sell or cancel them at a future date. This authority shall expire upon the earlier of 18 months from the date of this resolution, the next Annual General Meeting or a contract to purchase shares under this authority may be made prior to the expiry of this authority, and concluded in whole or in part after the expiry of this authority.