UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
Date
of Report (date of earliest event reported) April 25, 2005
CENTRAL
EUROPEAN MEDIA ENTERPRISES LTD.
(Exact
name of registrant as specified in its charter)
BERMUDA |
0-24796 |
98-0438382 |
(State
or other jurisdiction of incorporation
and
organisation) |
(Commission
File
Number) |
(IRS
Employer Identification No.) |
|
|
|
Clarendon
House, Church Street,
Hamilton |
|
HM
CX Bermuda |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant's
telephone number, including area code: (441)
296-1431
Not
applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
In its
Annual Report on Form 10-K for the year ended December 31, 2004, as amended by
the Form 10-K/A filed on April 1, 2005, Central European Media Enterprises Ltd.
(the “Company”) reported that it entered into an Agreement on the Settlement of
Disputes and Transfer of Ownership Interest with Peter Krsak on February 24,
2005 providing for the transfer of Mr. Krsak’s entire minority ownership
interest in CET 21, which holds the TV Nova license in the Czech Republic, to a
wholly-owned subsidiary of the Company. This transfer is subject to a number of
conditions, including the consent of the Czech Council on Radio Television
Broadcasting and of the general meeting of shareholders of CET 21. Both consents
have now been received.
There are
other steps and conditions to complete the transaction that remain to be
fulfilled. The Company expects to complete the transaction by the third quarter
of 2005.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, we have duly caused
this report to be signed on our behalf by the undersigned thereunto duly
authorized.
Date:
April 25, 2005 |
|
/s/
Wallace Macmillan |
|
|
Wallace
Macmillan |
|
|
Vice
President - Finance |
|
|
(Principal
Financial Officer and Accounting Officer) |