CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

Entry into a Material Definitive Agreement

As previously reported in the Current Report on Form 8-K dated July 10, 2017, CME Media Enterprises B.V. (“CME BV”), awholly owned subsidiary of Central European Media Enterprises Ltd. (the “Company”), entered into a framework agreement on July 9, 2017 (the “Framework Agreement”) with Slovenia Broadband s.à r.l. (“Slovenia Broadband”), a subsidiary of United Group B.V. (as filed with the SEC on July 10, 2017 as Exhibit 10.1 to the Company’s Current Report on Form 8-K on such date), for the sale of Pro Plus d.o.o., which operates the Company’s Slovenian business, and Nova TV d.d., which operates the Company’s Croatian business.

The Framework Agreement includes certain mutual termination rights of CME BV and Slovenia Broadband, including the right of either party to terminate the Framework Agreement if the transaction had not closed by December 31, 2017, subject to an extension right in certain circumstances to a date not later than March 31, 2018 (the “Long Stop Date”). On April 10, 2018, CME BV entered into an amendment to the Framework Agreement (the “Amendment”) with Slovenia Broadband to extend the Long Stop Date to June 30, 2018.

The above description of the Amendment is incomplete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits

(d) Exhibits


CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Exhibit
EX-10.1 2 ex101cetv8-kapr2018.htm EXHIBIT 10.1 Wdesk | Exhibit AMENDMENT NO. 1 TO FRAMEWORK AGREEMENTTHIS AMENDMENT AGREEMENT is made on 10 April 2018 AMONG:(1)CME MEDIA ENTERPRISES B.V.,…
To view the full exhibit click here

About CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV)

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It has broadcast operations in over six countries in Central and Eastern Europe, broadcasting a total of approximately 40 television channels. The Company enters into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that the Company operates. The Company collects fees from cable and direct-to-home (DTH) operators for carriage of its channels. The programming that it provides consists of locally-produced news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming.