CVC Income & Growth Limited (CVCG) has announced the unconditional acceptance of shares tendered under its September 2026 tender offer, with both Sterling and Euro share classes included in the buyback. The company confirmed that a combined total of 501,645 shares have been accepted for purchase and will be transferred into treasury with effect from 13 November 2026. The tender prices were set at a discount to the 30 September 2026 net asset value per share for each class. The update follows an earlier announcement made on 27 October 2026 and represents a formal completion milestone for investors who participated in the tender process.

Key Points

  • CVC Income & Growth Limited (CVCG) — a closed-ended investment company with Sterling and Euro share classes
  • 67,285 Sterling Shares and 434,360 Euro Shares unconditionally accepted under the September 2026 tender offer
  • Tender prices set at £1.1391 per Sterling Share and €1.0383 per Euro Share, against 30 September 2026 NAVs of £1.1591 and €1.0583 respectively
  • Investors should watch whether further tender opportunities are announced and monitor ongoing NAV movements relative to tender pricing

Sterling and Euro Share Classes Both Participate in CVCG's September 2026 Tender

The announcement confirms that 67,285 Sterling Shares were tendered, including unplaced shares, and accepted at a tender price of £1.1391 per share. The 30 September 2026 NAV per Sterling Share was stated as £1.1591, meaning the tender price represented a discount of £0.02 to that NAV. For the Euro Share class, 434,360 shares were accepted at a tender price of €1.0383, against a 30 September 2026 NAV per Euro Share of €1.0583. The Euro class accounted for the substantial majority of shares tendered across both classes combined.

Accepted Shares to Move Into Treasury on 13 November 2026

CVC Income & Growth Limited confirmed that all unconditionally accepted shares across both share classes will be transferred into the company's name and held as treasury shares with effect from 13 November 2026. Treasury shares are shares repurchased by a company and held rather than cancelled, meaning they may be reissued in the future under appropriate circumstances. This transfer date provides clarity on the settlement timeline for shareholders who participated in the tender, following the initial announcement made by the company on 27 October 2026.

Tender Terms Governed by April 2026 AGM Notice Definitions

The announcement states that terms defined in the company's AGM Notice dated 10 April 2026 carry the same meaning in this update unless otherwise specified. This cross-reference is relevant for investors seeking to understand the precise definitions applied to terms such as "Unplaced Shares" referenced in the tender figures. Company secretarial services are provided by BNP Paribas S.A., Jersey Branch, with Cadarn Capital handling distribution and investor relations, and Marex Financial acting as broker. The company did not disclose the aggregate consideration paid to tendering shareholders in the announcement.