(Source: PRNewswire)
BALA CYNWYD, Pa., July 21 /PRNewswire-FirstCall/ -- Central European Distribution Corporation (Nasdaq: CEDC) ("CEDC" or the "Company") today announced that it has priced a public offering of 8,350,000 shares of its common stock at a public offering price of $24.00 per share. Of these shares, 6,850,000 shares of common stock are being offered by CEDC and 1,500,000 shares of common stock are being offered by a selling stockholder, Mark Kaoufman, who received his shares as consideration for the acquisition of CEDC's interest in The Whitehall Group. The Company has also granted the underwriters an option for a period of 25 days to purchase up to 835,000 additional shares of common stock to cover over-allotments, if any. The transaction is expected to close on or about July 24, 2009.
The shares of common stock being sold in this offering were registered under an existing shelf registration statement on Form S 3, on file with the Securities and Exchange Commission.
Jefferies & Company and UniCredit are acting as Joint Book- Running Managers and Joint Global Coordinators and Renaissance Securities (Cyprus) Limited is acting as Co-Lead Manager for the offering.
This announcement does not constitute an offer to sell nor a solicitation of an offer to buy any securities, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Copies of the prospectus relating to the offering may be obtained from Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, telephone 1-888-449-2342, or James Archbold, Director of Investor Relations, Central European Distribution Corporation, at 1-610-660-7817, Two Bala Plaza, Suite 300, Bala Cynwyd, Pennsylvania 19004. There will be no public offering of shares in Poland within the meaning of the Polish Act on Public Offerings and Conditions Governing the Introduction of Financial Instruments to Organized Trading System and Public Companies of July 29, 2005.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of CEDC to be materially different from any future results, performance or achievements expressed or implied by forward- looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. CEDC undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties included in CEDC's reports with the SEC.
SOURCE Central European Distribution Corporation
Originally published by Central European Distribution Corporation.
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