BALA CYNWYD, Pa., July 13 /PRNewswire-FirstCall/ -- Central European
Distribution Corporation (Nasdaq: CEDC) announced today that it has commenced
an underwritten public offering of approximately 8,200,000 shares of its
common stock. Of these shares, 5,500,000 shares of common stock will be
offered by CEDC and 2,700,000 shares of common stock will be offered by a
selling stockholder, Mark Kaoufman, who received his shares as consideration
for the acquisition of our interest in The Whitehall Group. CEDC also intends
to grant the underwriters an option for a period of 25 days to purchase up to
820,000 additional shares of common stock to cover any over-allotments. CEDC
will not receive any proceeds from the sale of common stock by the selling
stockholder.
The shares are being issued in the offering under an existing shelf
registration statement on Form S-3, on file with the Securities and Exchange
Commission.
Jefferies & Company and UniCredit will act as Joint Book-Running Managers and
Joint Global Coordinators and Renaissance Securities (Cyprus) Limited will act
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
In the U.S., Jim Archbold, Investor Relations Officer, +1-610-660-7817, or In
Europe, Anna Zaluska, Corporate PR Manager, +48-22-456-6001, both of Central
European Distribution Corporation
