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DGAP-News: Press Release: Central European Media Enterprises Ltd.
ID: 646758
(firmenpresse) - Central European Media Enterprises Ltd.
25.05.2012 17:29
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Central European Media Enterprises Increases the Minimum and Maximum Prices of
the Tender Offers for Its Floating Rate Senior Notes Due 2014 and 11.625%
Senior Notes Due 2016 and Extends the Tender Offers to 4:00 P.M., London Time,
on 11 June 2012
HAMILTON, Bermuda, 2012-05-25 17:19 CEST (GLOBE NEWSWIRE) --Central European
Media Enterprises Ltd. ('CME') (Nasdaq:CETV) announces today that it has
extended the expiration of the tender offers for its Senior Floating Rate Notes
due 2014 (ISIN Code: XS0300714762; Common Code 030071476) (the '2014 Notes')
and for its 11.625% Senior Notes due 2016 (ISIN Code: XS0452168536; Common Code
04216853) (the '2016 Notes' and, together with the 2014 Notes, the 'Notes')
(collectively, the 'Offers'). The Offers were previously set to expire at 4:00
p.m., London time, on Friday 25 May 2012. As extended, the Offers will now
expire at 4:00 p.m., London time, on Monday, 11 June 2012, unless earlier
terminated or extended for an additional period of time. Additionally, in
accordance with the terms of the Tender Offer Memorandum, dated April 30, 2012
('Tender Offer Memorandum'), CME has increased the 2014 Minimum Price to 91 per
cent. per [Eur]1,000 in principal amount, the 2014 Maximum Price to 94 per cent.
per [Eur]1,000 in principal amount, the 2016 Minimum Price to 103 per cent. per
[Eur]1,000 in principal amount and the 2016 Maximum Price to 106 per cent. per
[Eur]1,000 principal amount. References to the 2014 Minimum Price, 2014 Maximum
Price, 2016 Minimum Price and the 2016 Maximum Price in the Tender Offer
Memorandum will be deemed to be amended in accordance with this announcement.
Holders who have already tendered their Notes and who do not wish to revoke
their tender instructions do not need to take any further action. Holders who
have already tendered their Notes as of the date of this announcement may
revoke their tender instructions at any time prior to 4:00 p.m., London time,
on Wednesday, May 30, 2012. Holders who wish to tender their untendered Notes,
or re-tender Notes following a revocation of tender instructions, must follow
the procedures set forth in the Tender Offer Memorandum. Tender instructions
sent following this announcement will be irrevocable, except in the limited
circumstances described in the Tender Offer Memorandum. The complete terms and
conditions of the Offers are described in the Tender Offer Memorandum, copies
of which may be obtained from Lucid Issuer Services Limited, the Tender Agent
for the Offers, at Lucid Issuer Services Limited, Leroy House, 436 Essex Road,
London N1 3QP, United Kingdom, Attention: David Shilson / Thomas Choquet,
Telephone: +44 (0) 20 7704 0880, Email: cme(at)lucid-is.com. Requests for
information in relation to the Offers may be directed to the Dealer Manager for
the transaction: J.P. Morgan Securities Ltd., 125 London Wall, London, EC2Y
5AJ, United Kingdom, Telephone: +44 207 325 9633/+44 207 777 3548, Attention:
HY Syndicate/Liability Management, Email: daniele.molteni(at)jpmorgan.com /
emea_lm(at)jpmorgan.com.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES
OR THE DISTRICT OF COLUMBIA OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT
IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT (SEE
'OFFER AND DISTRIBUTION RESTRICTIONS' IN THE TENDER OFFER MEMORANDUM). PERSONS
INTO WHOSE POSSESSION THIS ANNOUNCEMENT AND/OR THE TENDER OFFER MEMORANDUM
COMES ARE REQUIRED BY EACH OF CME, THE DEALER MANAGER AND THE TENDER AGENT TO
INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. NEITHER THIS
ANNOUNCEMENT NOR THE TENDER OFFER MEMORANDUM CONSTITUTES AN INVITATION TO
PARTICIPATE IN THE OFFERS IN ANY JURISDICTION (INCLUDING, SPECIFICALLY, THE
UNITED STATES) IN WHICH, OR TO ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO
MAKE SUCH INVITATION. ANY PURPORTED TENDER OF NOTES IN THE OFFER RESULTING
DIRECTLY OR INDIRECTLY FROM A VIOLATION OF THESE RESTRICTIONS WILL BE INVALID
AND ANY PURPORTED TENDER OF NOTES MADE BY A PERSON LOCATED IN THE UNITED STATES
OR ANY AGENT, FIDUCIARY OR OTHER INTERMEDIARY ACTING ON A NON-DISCRETIONARY
BASIS FOR A PRINCIPAL GIVING INSTRUCTIONS FROM WITHIN THE UNITED STATES WILL BE
INVALID AND WILL NOT BE ACCEPTED.
CME is a media and entertainment company operating leading businesses in six
Central and Eastern European markets with an aggregate population of
approximately 50 million people. CME's broadcast operations are located in
Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring.bg),
Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova
Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International,
Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania and PRO TV Chisinau
Moldova), the Slovak Republic (TV Markiza and Doma) and Slovenia (POP TV, Kanal
A and the POP NON STOP subscription package). CME's broadcast operations are
supported by its content and distribution division, Media Pro Entertainment, as
well as its New Media division, which operates Voyo, the pan-regional
video-on-demand service. CME is traded on the NASDAQ and the Prague Stock
Exchange under the ticker symbol 'CETV'.
CONTACT: Romana Wyllie
Vice President Corporate Communications
Central European Media Enterprises
+420242465525
romana.wyllie(at)cme-net.com
News Source: NASDAQ OMX
25.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Central European Media Enterprises Ltd.
Bermuda
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG200452024
WKN:
End of Announcement DGAP News-Service
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Datum: 25.05.2012 - 17:29 Uhr
Sprache: Deutsch
News-ID 646758
Anzahl Zeichen: 7115
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Kategorie:
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