HAMILTON, Bermuda, March 15 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) announced today that it intends to issue Class A Common Stock in an amount sufficient to raise approximately $150 million. CME filed its registration statement with the U.S. Securities and Exchange Commission today for 2.2 million shares of Class A Common Stock with an underwriters' option to sell an additional 330,000 shares (resulting in a total potential transaction size of up to $172,500,000). CME intends to offer the shares also to institutional investors in the Czech Republic (for trading on the Prague Stock Exchange) and will be seeking approval of a Czech prospectus from the Czech Securities Commission tomorrow.
J.P. Morgan Securities Ltd., Lehman Brothers Inc. and ING Bank N.V., London Branch are acting as joint bookrunners. Ceska sporitelna, a.s. is the lead manager of the offering to investors in the Central and Eastern European region.
Until the Czech prospectus is approved and published, there is no public offering in the Czech Republic (and this notice and the registration statement filed in the United States of America do not constitute a public offer in the Czech Republic).
CME is a TV broadcasting company with leading networks in six Central and Eastern European countries reaching an aggregate of approximately 82 million people. The Company's television stations are located in Croatia (Nova TV), Czech Republic (TV Nova, Galaxie Sport), Romania (PRO TV, Acasa, PRO Cinema), Slovakia (Markiza), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV".
For additional information, please visit http://www.cetv-net.com/ .
