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This excerpt taken from the CETV 8-K filed Jul 1, 2008. Framework
Agreement”) dated January 31, 2008 among the Company, the Studio 1+1
Group, Alexander Rodnyansky, Boris Fuchsmann and certain of their affiliates,
which was reported previously in a Current Report on Form 8-K filed with the SEC
on February 5, 2008. CME now holds a 90% beneficial ownership interest in the
Studio 1+1 Group, and pursuant to the Framework Agreement, Messrs. Rodnyansky
and Fuchsmann have a put option and CME has a call option for the remaining 10%
interest in the Studio 1+1 Group held by Messrs. Rodnyansky and Fuchsmann. In
conjunction with the entry into in the Framework Agreement, CME also entered
into an Assignment Agreement (the “ This excerpt taken from the CETV 10-Q filed Apr 30, 2008. Framework
Agreement” means the framework agreement by and between the Company, CME
BV and PPF (Cyprus) Ltd., dated as of December 13, 2004.
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“ This excerpt taken from the CETV 8-K filed Feb 5, 2008. Framework Agreement”) with
Messrs. Rodnyansky
and Fuchsmann on January 31, 2008. Pursuant to the terms of the Framework
Agreement, CME shall acquire a 30% interest in the Studio 1+1
Group. The interests to be acquired consist of (i) an 8.335% direct
and indirect ownership interest in the Studio 1+1 Group currently held by
Messrs. Rodnyansky and Fuchsmann (the “ | EXCERPTS ON THIS PAGE:
RELATED TOPICS for CETV: |
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