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

ME Staff 8-k
-
0
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV) Files An 8-K Entry into a Material Definitive Agreement

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 11, 2018, CME Media Enterprises B.V. (“CME BV”), a wholly owned subsidiary of Central European Media Enterprises Ltd. (the “Company”), entered into an amended & restated framework agreement on July 5, 2018 (the “Amended & Restated 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 11, 2018 as Exhibit 10.1 to the Company’s Current Report on Form 8-K on such date), with respect to the pending sale by CME BV of its subsidiary Pro Plus d.o.o., which operates the Company’s Slovenian businesses.

The Amended & Restated Framework Agreement includes certain mutual termination rights of CME BV and Slovenia Broadband, including the right of either party to terminate the Amended & Restated Framework Agreement if the closing of the Slovenian transaction had not occurred by September 13, 2018 (the “Long Stop Date”). On September 13, 2018, CME BV entered into an amendment to the Amended & Restated Framework Agreement (the “Amendment”) with Slovenia Broadband to extend the Long Stop Date to October 31, 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 9.01

Financial Statements and Exhibits

(d) Exhibits

Amendment No. 1 to Amended & Restated Framework Agreement, dated September 13, 2018, between CME Media Enterprises B.V. and Slovenia Broadband S.à r.l.


CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Exhibit
EX-10.1 2 ex101september132018.htm EXHIBIT 10.1 Wdesk | Exhibit Exhibit 10.1Execution Version        AMENDMENT NO. 1 TO AMENDED & RESTATED FRAMEWORK AGREEMENTTHIS AMENDMENT AGREEMENT is made on 13 September 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.