Press Releases
20.05.2016 17:00:00
CTC MEDIA, INC. ANNOUNCES COMPLETION OF CASH-OUT MERGER

Moscow, Russia May 20, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced the completion of the merger contemplated by the previously announced agreement and plan of merger dated November 16, 2015 (the “Merger Agreement”), between the Company and CTCM Merger Sub, Inc., the Company’s wholly-owned subsidiary (“Merger Sub”). As a result of the merger, the Merger Sub has merged with and into the Company, with the Company surviving.

18.05.2016 21:20:00
CTC MEDIA, INC. RECEIVES NASDAQ DELISTING NOTIFICATION

Moscow, Russia May 18, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. The decision was reached by Nasdaq’s staff because, among other reasons, the Company did not hold an annual meeting for fiscal year 2015, as required by Rule 5620(a) of Nasdaq’s continued listing requirements (the “Listing Rules”), and failed to solicit proxies, as required by Listing Rule 5620(b). The letter states that trading of Company’s common stock will be suspended at the opening of business on May 19, 2016, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

18.05.2016 15:45:00
CTC MEDIA, INC. CONFIRMS FINAL TERMS AND CLOSING DATE OF CASH-OUT MERGER

Moscow, Russia May 18, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that its previously announced cash-out merger transaction is expected to close at 8:30 a.m. EDT on May 20, 2016. As previously disclosed, the consideration in the merger is expected to be $2.0503 per share, and the total amount available for distribution is expected to be approximately $239 million.  

10.05.2016 23:55:00
CTC MEDIA, INC. PROVIDES UPDATE ON PENDING CASH-OUT MERGER

Moscow, Russia May 10, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today provided an update regarding the anticipated timing of the closing of its previously announced cash-out merger. As previously announced, the Company expects to receive a further refund from the U.S. Internal Revenue Service, which will form a part of the merger consideration, and intends to close the merger as soon as practicable following receipt of that refund. The Company anticipates that the merger will close before the end of this month.