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VEON Ltd. — Major Shareholding Notification 2012
Apr 4, 2012
31203_mrq_2012-04-04_d9132a46-94bb-4639-8cb9-4be3a6330733.zip
Major Shareholding Notification
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SC 13D/A 1 d326625dsc13da.htm AMENDMENT NO. 18 TO SCHEDULE 13D Amendment No. 18 to Schedule 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 18)*
VIMPELCOM LTD.
(Name of Issuer)
Common Shares, par value US$0.001 per share
Preferred Shares, par value US$0.001 per share
(Title of Class of Securities)
92719A 10 6**
(CUSIP Number)
** CUSIP number of American Depositary Shares listed on the New York Stock Exchange.
The Common Shares and the Preferred Shares are not publicly traded.
Bjørn Hogstad
Telenor ASA
Snarøyveien 30
N-1331 Fornebu, Norway
47-67-89-2547
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
April 4, 2012
(Date of Event which Requires Filing of this Statement)
Copy to:
Peter ODriscoll
Orrick, Herrington & Sutcliffe LLP
51 West 52nd Street
New York, New York 10019
212 506 5000
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e) or 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
- The remainder of this cover page will be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed filed for the purpose of Section 18 of the Securities Exchange of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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CUSIP No. 92719A 10 6 (ADSs)
| 1. | Name of Reporting Person: Telenor East Holding II AS | |
|---|---|---|
| 2. | Check the Appropriate Box if a | |
| Member of a Group (See Instructions): (a) ¨ (b) x | ||
| 3. | SEC Use Only: | |
| 4. | Source of Funds (See | |
| Instructions): WC | ||
| 5. | Check if Disclosure of Legal | |
| Proceedings Is Required Pursuant to Items 2(d) or 2(e): ¨ N/A | ||
| 6. | Citizenship or Place of | |
| Organization: Norway | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power: 580,578,840 Common Shares and 234,000,000 Preferred |
| Shares | ||
| 8. | Shared Voting Power: -0- | |
| 9. | Sole Dispositive | |
| Power: 580,578,840 Common Shares and 234,000,000 | ||
| Preferred Shares | ||
| 10. | Shared Dispositive | |
| Power: -0- | ||
| 11. | Aggregate Amount Beneficially | |
| Owned by Each Reporting Person: 580,578,840 | ||
| Common Shares and 234,000,000 Preferred Shares | ||
| 12. | Check if the Aggregate Amount in | |
| Row (11) Excludes Certain Shares (See Instructions): ¨ | ||
| 13. | Percent of Class Represented by | |
| Amount in Row (11): 35.7% of the outstanding | ||
| Common Shares (39.5% of the outstanding voting shares) | ||
| 14. | Type of Reporting Person (See | |
| Instructions): CO |
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CUSIP No. 92719A 10 6 (ADSs)
| 1. | Name of Reporting Person: Telenor Mobile Holding AS | |
|---|---|---|
| 2. | Check the Appropriate Box if a | |
| Member of a Group (See Instructions): (a) ¨ (b) x | ||
| 3. | SEC Use Only: | |
| 4. | Source of Funds (See | |
| Instructions): N/A | ||
| 5. | Check if Disclosure of Legal | |
| Proceedings Is Required Pursuant to Items 2(d) or 2(e): ¨ N/A | ||
| 6. | Citizenship or Place of | |
| Organization: Norway | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power: 580,578,840 (1) Common Shares and 234,000,000 Preferred Shares |
| 8. | Shared Voting Power: -0- | |
| 9. | Sole Dispositive | |
| Power: 580,578,840 (1) Common Shares and 234,000,000 Preferred Shares | ||
| 10. | Shared Dispositive | |
| Power: -0- | ||
| 11. | Aggregate Amount Beneficially | |
| Owned by Each Reporting Person: 580,578,840 (1) Common Shares and 234,000,000 Preferred Shares | ||
| 12. | Check if the Aggregate Amount in | |
| Row (11) Excludes Certain Shares (See Instructions): ¨ | ||
| 13. | Percent of Class Represented by | |
| Amount in Row (11): 35.7% of the outstanding | ||
| Common Shares (39.5% of the outstanding voting shares) | ||
| 14. | Type of Reporting Person (See | |
| Instructions): CO, HC |
(1) The Reporting Person disclaims beneficial ownership of all such securities
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CUSIP No. 92719A 10 6 (ADSs)
| 1. | Name of Reporting Person: Telenor ASA | |
|---|---|---|
| 2. | Check the Appropriate Box if a | |
| Member of a Group (See Instructions): (a) ¨ (b) x | ||
| 3. | SEC Use Only: | |
| 4. | Source of Funds (See | |
| Instructions): WC | ||
| 5. | Check if Disclosure of Legal | |
| Proceedings Is Required Pursuant to Items 2(d) or 2(e): ¨ N/A | ||
| 6. | Citizenship or Place of | |
| Organization: Norway | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power: 580,578,840 Common Shares and 234,000,000 Preferred |
| Shares | ||
| 8. | Shared Voting Power: -0- | |
| 9. | Sole Dispositive | |
| Power: 580,578,840 Common Shares and 234,000,000 | ||
| Preferred Shares | ||
| 10. | Shared Dispositive | |
| Power: -0- | ||
| 11. | Aggregate Amount Beneficially | |
| Owned by Each Reporting Person: 580,578,840 | ||
| Common Shares and 234,000,000 Preferred Shares | ||
| 12. | Check if the Aggregate Amount in | |
| Row (11) Excludes Certain Shares (See Instructions): ¨ | ||
| 13. | Percent of Class Represented by | |
| Amount in Row (11): 35.7% of the outstanding | ||
| Common Shares (39.5% of the outstanding voting shares) | ||
| 14. | Type of Reporting Person (See | |
| Instructions): CO, HC |
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TABLE OF CONTENTS
| Item 1. Security and Issuer | 6 |
|---|---|
| Item 2. Identity and Background | 6 |
| Item 3. Source and Amount of Funds or Other Consideration | 13 |
| Item 4. Purpose of the Transaction | 13 |
| Item 5. Interest in Securities of the Issuer | 13 |
| Item |
- Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | 14 | | Item 7. Materials to be Filed as Exhibits | 14 | | SIGNATURES | 15 | | EX-99.1 | | | EX-99.2 | | | EX-99.3 | |
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SCHEDULE 13D
Item 1. Security and Issuer
This Amendment No. 18 (this Amendment) to the statement on Schedule 13D (as amended by this Amendment, this Statement) relates to the common shares, par value US$0.001 per share (the Common Shares), and convertible preferred shares, par value US$0.001 per share (the Preferred Shares), of VimpelCom Ltd., a company organized under the laws of Bermuda. The principal business address of VimpelCom Ltd. is Claude Debussylaan 88, 1082 MD, Amsterdam, the Netherlands, and its business telephone number is +31 20 797 7200.
Except as provided herein, this Amendment does not modify any of the information previouly reported in this Statement.
Item 2. Identity and Background
This Statement is being filed jointly by Telenor East Holding II AS (referred to herein as Telenor East Holding), Telenor Mobile Holding AS (referred to herein as Telenor Mobile Holding) and Telenor ASA (collectively, the Reporting Persons). As previously described in this Statement, the VimpelCom Ltd. Shareholders Agreement has terminated. As a result of such termination, Telenor Mobile Communications AS and Telenor East Invest AS, which were parties to the VimpelCom Ltd. Shareholders Agreement, are no longer included as filing persons or Reporting Persons under this Statement.
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TELENOR EAST HOLDING II AS
(a) Telenor East Holding II AS, a corporation formed under the laws of Norway.
(b) Snarøyveien 30
N-1331 Fornebu
Norway
(c) Telenor East Holding is engaged principally in the business of investing in the telecommunications industry outside of Norway.
(d) During the last five years, Telenor East Holding has not been convicted in a criminal proceeding.
(e) During the last five years, Telenor East Holding was not a party to a civil proceeding of a judicial or administrative body as a result of which Telenor Holding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR EAST HOLDING II AS
(a), (b), (c) and (f) The following information sets forth the name, citizenship, residential address and present principal occupation of each of the directors and executive officers of Telenor East Holding. The business address of each of such persons is Telenor East Holding II AS, c/o Telenor ASA, Snarøyveien 30, N-1331 Fornebu, Norway.
DIRECTORS OF TELENOR EAST HOLDING II AS
| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Richard Olav Aa (Ruglandveien, Norway) | Norway | Executive Vice President and Chief Financial Officer of Telenor ASA |
| Bjørn Magnus Kopperud (Drammen, Norway) | Norway | Acting Head of the Central/Eastern European Operations of Telenor ASA |
| Bjørn Hogstad (Oslo, Norway) | Norway | Attorney, Group Legal, Telenor ASA |
| EXECUTIVE OFFICERS OF TELENOR | ||
| EAST HOLDING II AS | ||
| Name and Residential Address | Citizenship | Present Principal Occupation |
| Bjørn Hogstad (Oslo, Norway) | Norway | Managing Director of Telenor East Holding; Attorney, Group Legal, Telenor ASA |
(d) During the last five years, none of the above executive officers and directors of Telenor East Holding has been convicted in a criminal proceeding.
(e) During the last five years, none of the above executive officers and directors of Telenor East Holding was a party to a civil proceeding of a judicial or administrative body as a result of which Telenor East Holding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
TELENOR MOBILE HOLDING AS
(a) Telenor Mobile Holding AS, a corporation formed under the laws of Norway.
(b) Snarøyveien 30
N 1331 Fornebu
Norway
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(c) Telenor Mobile Holding is engaged principally in the development of and investment in the field of telecommunications through direct and indirect ownership of companies and entering into agreements relating to telecommunications.
(d) During the last five years, Telenor Mobile Holding has not been convicted in a criminal proceeding.
(e) During the last five years, Telenor Mobile Holding was not a party to a civil proceeding of a judicial or administrative body as a result of which Telenor Mobile Holding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR MOBILE HOLDING AS
(f) (a), (b), (c) and (f) The following information sets forth the name, citizenship, residential address and present principal occupation of each of the directors and executive officers of Telenor Mobile Holding. The business address of the directors and executive officers is Telenor Mobile Holding, c/o Telenor ASA, Snarøyveien 30, N 1331 Fornebu, Norway.
DIRECTORS OF TELENOR MOBILE HOLDING AS
| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Jon Fredrik Baksaas (Sandvika, Norway) | Norway | President and Chief Executive Officer of Telenor ASA; Chairman of the Board of Telenor Mobile Holding; and Member of the Board of VimpelCom Ltd. |
| Richard Olav Aa (Ruglandveien, Norway) | Norway | Executive Vice President and Chief Financial Officer of Telenor ASA |
| Berit Svendsen (Oslo, Norway) | Norway | Executive Vice President and Head of Telenor Norway |
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| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Morten Fallstein (Oslo, Norway) | Norway | Employee Representative |
| Roger Rønning (Oslo, Norway) | Norway | Employee Representative |
| Helge Enger (Oslo, Norway) | Norway | Employee Representative |
EXECUTIVE OFFICERS OF TELENOR MOBILE HOLDING AS
| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Jon Fredrik Baksaas (Sandvika, Norway) | Norway | President and Chief Executive Officer of Telenor ASA; Chairman of the Board of Telenor Mobile Holding; and Member of the Board of VimpelCom Ltd. |
(d) During the last five years, none of the above executive officers and directors of Telenor Mobile Holding has been convicted in a criminal proceeding.
(e) During the last five years, none of the above executive officers and directors of Telenor Mobile Holding has been a party to a civil proceeding of a judicial or administrative body as a result of which such executive officer or director was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
TELENOR ASA
(a) Telenor ASA, a corporation formed under the laws of Norway.
(b) Snarøyveien 30
N 1331 Fornebu
Norway
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(c) Telenor ASA is engaged principally in the business of production and supply of services in the fields of telecommunications, data services and media distribution.
(d) During the last five years, Telenor ASA has not been convicted in a criminal proceeding.
(e) During the last five years, Telenor ASA was not a party to a civil proceeding of a judicial or administrative body as a result of which Telenor ASA was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
EXECUTIVE OFFICERS AND DIRECTORS OF TELENOR ASA
(a), (b), (c) and (f) The following information sets forth the name, citizenship, residential address and present principal occupation of each of the directors and executive officers of Telenor ASA. The business address of each of such persons is c/o Telenor ASA, Snarøyveien 30, N 1331 Fornebu, Norway.
DIRECTORS OF TELENOR ASA
| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Harald Johan Norvik (Nesoddangen, Norway) | Norway | Strategic Advisor at Econ Pöyry; Chairman of the Boards of H.Aschehoug & Co and Midelfart Sonesson AB; Member of the Boards of ConocoPhillips, Petroleum Geo-Services ASA |
| and OCAS AS; and Chairman of the Board of Telenor ASA | ||
| Barbara Rose Milian Thoralfsson (Stabekk, Norway) | USA | Director at Fleming Invest AS; Member of the Boards of Electrolux AB, Svenska Cellulosa Aktiebolaget SCA AB, Storebrand ASA, Fleming Invest AS, Stokke AS, Tandberg ASA and Norfolier |
| AS | ||
| Sally Davis (London, United Kingdom) | United Kingdom | Non-executive director of Logitech, the UK Department of Transport and the BBC |
| Hallvard Bakke (Oslo, Norway) | Norway | Chairman of Carte Blanche AS |
| Frank Dangeard (Paris, France) | France | Managing Partner of Haircourt France |
| Dag Jakob Opedal (Olso, Norway) | Norway | Executive Management Group Director of Norges Gruppen |
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| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Liselott Kilaas (Oslo, Norway) | Norway | Managing Director of Aleris ASA; and Member of the Boards of the Central Bank of Norway, IM Skaugen AS and Adresseavisen |
| Dr. Burckhard Bergmann (Essen, Germany) | Germany | Member of the Boards of Allianz Lebensversicherungs AG, MAN Ferrostaal AG, Gazprom, NordStream, E.ON Energie AG, Accumulatorenwerke Hoppecke and Jaeger Beteiligungsgesellschaft mbH |
| & Co KG | ||
| Bjørn Andre Anderssen (Gol, Norway) | Norway | Employee Representative |
| Harald Stavn (Kongsberg, Norway) | Norway | Employee Representative |
| Brit Østby Fredriksen (Drøbak, Norway) | Norway | Employee Representative |
EXECUTIVE OFFICERS OF TELENOR ASA
| Name and Residential Address | Citizenship | Present Principal Occupation |
|---|---|---|
| Jon Fredrik Baksaas (Sandvika, Norway) | Norway | President and Chief Executive Officer of Telenor ASA; Chairman of the Board of Telenor Mobile Holding; and Member of the Board of VimpelCom Ltd. |
| Richard Olav Aa (Ruglandveien, Norway) | Norway | Executive Vice President and Chief Financial Officer of Telenor ASA |
| Sigve Brekke (Bangkok, Thailand) | Norway | Executive Vice President of Telenor ASA and Head of Telenor in Asia |
| Morten Karlsen Sørby (Hammaro, Sweden) | Norway | Executive Vice President of Telenor ASA and Head of Corporate Development |
| Kristin Skogen Lund (Oslo, Norway) | Norway | Executive Vice President and Head of Telenor Nordic Operations |
| Oddvar Hesjedal (Bærum, Norway) | Norway | Executive Vice President and Head of Group People Development of Telenor ASA |
| Hilde M. Tonne (Oslo, Norway) | Norway | Executive Vice President and Head of Group Industrial Development |
| Berit Svendsen (Oslo, Norway) | Norway | Executive Vice President and Head of Telenor Norway |
| Bjørn Magnus Kopperud (Drammen, Norway) | Norway | Executive Vice President and Acting Head of the Central/Eastern European Operations of Telenor ASA |
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(d) During the last five years, none of the above executive officers and directors of Telenor ASA has been convicted in a criminal proceeding.
(e) During the last five years, none of the above executive officers and directors of Telenor ASA has been a party to a civil proceeding of a judicial or administrative body as a result of which such executive officer or director was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
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Item 3. Source and Amount of Funds or Other Consideration
Telenor East Holding made payments of US$6,859,410 to JPMorgan in connection with the JPMorgan Swap Termination (as defined below). Telenor East Holding also purchased 65,000,000 VimpelCom Ltd. ADRs from JPMorgan, as further described below, for a total purchase price of US$715,000,000. The source of the funds for these transactions was Telenor ASAs available cash on hand.
Item 4. Purpose of the Transaction
As previously described in this Statement, on July 22, 2011, Telenor East Holding and JPMorgan entered into the JPMorgan Swap Transaction, which was amended on October 7, 2011, by the First Amendment to the JPMorgan Swap Transaction, pursuant to which the number of reference securities increased from up to 40,000,000 VimpelCom Ltd. ADRs to up to 65,000,000 VimpelCom Ltd. ADRs.
On April 4, 2012, Telenor East Holding and JPMorgan agreed to terminate the JPMorgan Swap Transaction and entered into an Unwind Agreement (the JPMorgan Swap Termination), a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein in its entirety. In connection with the JPMorgan Swap Termination, Telenor East Holding paid JPMorgan termination payments in a total amount of US$6,859,410, which represents the termination value of the JPMorgan Swap Transaction on the effective date of its termination.
Further, in connection with the JPMorgan Swap Termination, Telenor East Holding acquired 65,000,000 VimpelCom Ltd. ADRs from JPMorgan for a total purchase price of US$715,000,000, or US$11.00 per VimpelCom Ltd. ADR. The 65,000,000 VimpelCom Ltd. ADRs represent approximately 4.0% of the total outstanding Common Shares and 3.2% of VimpelCom Ltd.s total outstanding voting shares. Following Telenor East Holdings acquisition of the 65,000,000 VimpelCom Ltd. ADRs, Telenor East Holding owns 580,578,840 Common Shares (of which 65,000,000 are in the form of ADRs) and 234,000,000 Preferred Shares, representing 35.7% of the total outstanding Common Shares and 39.5% of VimpelCom Ltd.s total outstanding voting shares.
On April 4, 2012, Telenor ASA filed a statement with the Oslo Stock Exchange, a copy of which is attached hereto as Exhibit 99.3 and is incorporated herein in its entirety.
In addition to the undertakings described in this statement, the Reporting Persons may, from time to time, and reserve the right to, change their plans or intentions and to take any and all actions that they deem appropriate to maximize the value of their investment in VimpelCom Ltd. In order to maximize the value of their investment in VimpelCom Ltd., the Reporting Persons may, from time to time, consider, evaluate or propose various possible transactions involving VimpelCom Ltd. or its subsidiaries or affiliates, which could include, among other things:
(i) in addition to the acquisition of VimpelCom Ltd. ADRs described in this Statement, the possible acquisition of additional securities of VimpelCom Ltd. from time to time in the open market, in privately negotiated transactions or otherwise, including, without limitation, through entry into and exercise of call options or other derivative transactions;
(ii) the possible acquisition or disposition of debt securities or other debt instruments of third parties, in each case, that are secured by, convertible into or exchangeable for securities of VimpelCom Ltd., and the enforcement of any such security interest or the exercise of any such exchange or conversion right;
(iii) the possible disposition or exchange of any securities of VimpelCom Ltd. owned by them;
(iv) possible extraordinary corporate transactions (such as a merger, consolidation, reorganization or restructuring) involving VimpelCom Ltd. or any of its subsidiaries, including with other telecommunication companies that may be affiliated with the Reporting Persons;
(v) making or seeking to make changes in or affecting VimpelCom Ltd.s supervisory board or management;
(vi) possible future litigation or arbitration involving VimpelCom Ltd., its supervisory board and/or its management and/or Altimo Holdings & Investments Ltd. and its affiliates;
(vii) in addition to the Swap Transaction and the JPMorgan Swap Transaction previously described in this Statement, entering into and unwinding derivative transactions with respect to the securities of VimpelCom Ltd.; or
(viii) in addition to the initiatives previously described in this Statement to expand the size of VimpelCom Ltd.s supervisory board and elect members to the supervisory board, soliciting the votes of VimpelCom Ltd.s shareholders in relation to any annual or extraordinary general meeting of shareholders of VimpelCom Ltd.
The Reporting Persons may also, from time to time, formulate other plans or proposals regarding VimpelCom Ltd. or its securities to the extent deemed advisable in light of market conditions, subsequent developments affecting VimpelCom Ltd., the general business and future prospects of VimpelCom Ltd., tax considerations, or other factors.
Item 5. Interest in Securities of the Issuer
(a)-(b)
As described in Item 4 of this Statement, on April 4, 2012, Telenor East Holding acquired 65,000,000 VimpelCom Ltd. ADRs. Taking into account its existing holding of 515,578,840 Common Shares and 234,000,000 Preferred Shares, Telenor East Holding now owns 580,578,840 Common Shares (of which 65,000,000 are in the form of ADRs) and 234,000,000 Preferred Shares, representing approximately 35.7% of the total outstanding Common Shares and approximately 39.5% of VimpelCom Ltd.s outstanding voting shares. The other Reporting Persons may be deemed the beneficial owners of, and have sole power to direct the voting and disposition of, these shares.
To the best of each Reporting Persons knowledge, none of the persons identified in Item 2 of this Statement is, or may be deemed to be, the beneficial owner of any securities of VimpelCom Ltd.
Neither the filing of this Statement nor any of its contents will be deemed to constitute an admission that any of the Reporting Persons is the beneficial owner of any shares of VimpelCom Ltd. (other than as described in this Item 5) for the purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purposes, and such beneficial ownership is expressly disclaimed.
(c) Except for the transactions described in this Statement, none of the Reporting Persons or, to the best of each Reporting Persons knowledge, none of the persons identified in Item 2 of the Statement, has engaged in any transactions in the securities of VimpelCom Ltd. during the past 60 days.
(d) Other than the Reporting Persons, to the best of each Reporting Persons knowledge, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares or Preferred Shares held by Telenor East Holding.
(e) Following termination of the VimpelCom Ltd. Shareholders Agreement, Telenor Mobile Communications AS and Telenor East Invest AS, which were parties to the VimpelCom Ltd. Shareholders Agreement, are no longer included as filing persons or Reporting Persons under this Statement.
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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
In addition to the undertakings in connection with the Weather SPA and the Weather Option Agreement previously described in this Statement, the Reporting Persons may, from time to time, formulate other plans or proposals regarding VimpelCom Ltd. or its securities in support of these goals to the extent deemed advisable in light of market conditions, subsequent developments affecting VimpelCom Ltd., the general business and future prospects of VimpelCom Ltd. or other factors, or enter into and unwind cash settled equity swap or other similar derivative transactions with respect to the securities of VimpelCom Ltd., which transactions may be significant in amount. These arrangements do not and will not give the Reporting Persons voting or investment control over the securities of VimpelCom Ltd. to which these transactions relate and, accordingly, the Reporting Persons disclaim beneficial ownership of any such securities.
None of the Reporting Persons, and to the best of each Reporting Persons knowledge, none of the individuals named in Item 2 hereof has entered into any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of VimpelCom Ltd., including, but not limited to, transfer or voting of any securities, finders fees, joint ventures, loan or option arrangement, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Item 7. Materials to be Filed as Exhibits
| 99.1 | Joint Filing Agreement dated April 4, 2012 between Telenor East Holding II AS, Telenor Mobile Holding AS, Telenor ASA, Telenor East Invest AS and Telenor Mobile Communications AS | | --- | --- | | 99.2 | Unwind Agreement dated April 4, 2012 between Telenor East Holding II AS and J.P. Morgan Securities Ltd. | | 99.3 | Statement of Telenor ASA, filed with the Oslo Stock Exchange on April 4, 2012 |
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement on Schedule 13D is true, complete and correct and that such Statement, as amended hereby, is true, complete and correct.
Dated: April 4, 2012
| TELENOR EAST HOLDING II AS — By | /s/ Bjørn Hogstad | |
|---|---|---|
| Name: | Bjørn Hogstad | |
| Title: | Attorney-in-fact | |
| TELENOR MOBILE HOLDING AS | ||
| By | /s/ Bjørn Hogstad | |
| Name: | Bjørn Hogstad | |
| Title: | Attorney-in-fact | |
| TELENOR ASA | ||
| By | /s/ Bjørn Hogstad | |
| Name: | Bjørn Hogstad | |
| Title: | Attorney-in-fact |