VimpelCom Ltd. Successfully Completes Exchange Offer for OJSC VimpelCom Shares and American Depositary Shares
(Thomson Reuters ONE) -
(Fornebu 21 April 2010) Telenor has today sent a the following notice to the
Oslo Stock Exchange:
Reference is made to today's announcement made by VimpelCom Ltd. regarding the
successful completion of the Exchange Offer for OJSC VimpelCom Shares and
American Depositary Shares.
VimpelCom Ltd. has accepted for exchange all OJSC VimpelCom shares and ADSs that
were validly tendered and not withdrawn. All conditions for successful
completion of the Exchange Offer have now been satisfied. The required approvals
from the relevant regulatory authorities in Russia and Ukraine have been
received and all legal and regulatory proceedings and enforcement actions in the
Farimex Case against Telenor have been withdrawn, without cost or loss to
Telenor.
Telenor now holds 39.6% of the economic interests and 36.0% of the voting rights
in VimpelCom Ltd. Altimo's respective ownership interest is 39.2% and
44.7%. Minority shareholders represent 21.2% of the economic interests and
19.3% of the voting rights.
To Editors:
VimpelCom Ltd.has also issued a press release - please see
www.vimpelcomlimited.com
For OJSC VimpelCom press release, see: www.vimpelcom.com/index.wbp
Contact:
Dag Melgaard, Communication Manager, Telenor Group, tel: (+47) 901 92 000,
email: dag.melgaard(at)telenor.com
Important Additional Information
This announcement relates to the Exchange Offer by VimpelCom Ltd. to acquire all
outstanding shares of OJSC VimpelCom (including those represented by ADSs) and
is not an offering document and does not constitute an offer to sell or the
solicitation of an offer to buy securities or a solicitation of any vote or
approval, nor shall there be any sale or exchange of securities in any
jurisdiction in which such offer, solicitation or sale or exchange would be
unlawful prior to the registration or qualification under the laws of such
jurisdiction. The Exchange Offer comprised an offer made pursuant to a
prospectus sent to all shareholders of OJSC VimpelCom who are U.S. holders and
to all holders of OJSC VimpelCom ADSs, wherever located (the "U.S. Offer"), and
an offer made pursuant to a separate Russian offer document to all holders of
OJSC VimpelCom shares, wherever located (the "Russian Offer," and together with
the U.S. Offer, the "Offers"). The U.S. Offer expired at 5:00 p.m. New York
City time on 15 April 2010, and was only made pursuant to the registration
statement on Form F-4, which includes a prospectus and related U.S. Offer
acceptance materials, filed with the SEC. Free copies of any such documents can
be obtained at the SEC's website at www.sec.gov or at VimpelCom Ltd.'s website
at www.vimpelcomlimited.com. Additional copies may be obtained for free from
Innisfree M&A Incorporated, the information agent for the U.S. Offer, at the
following telephone numbers: 1-877-800-5190 (for shareholders and ADS holders)
and 1-212-750-5833 (for banks or brokers). The Russian Offer expired at 11:59
pm Moscow time on 20 April 2010, and was only made pursuant to a Russian offer
document.
Cautionary statement regarding forward-looking statements
This announcement contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
are statements that are not historical facts, including statements concerning
the expected benefits and costs of the proposed transactions; management plans
relating to the proposed transactions; any projections of earnings, revenues,
synergies, accretion, margins or other financial items; any statements of
operations, including the execution of integration plans; any statements of
expectation or belief; and any statements of assumptions underlying any of the
foregoing. Any statement in this announcement that expresses or implies Telenor
ASA's intentions, beliefs, expectations or predictions (and the assumptions
underlying them) is a forward-looking statement. Forward-looking statements
involve inherent risks, uncertainties and assumptions, including, without
limitation, the possibility that expected benefits may not materialize as
expected; that, following the completion of the transactions, the business of
OJSC VimpelCom or Kyivstar may not perform as expected due to uncertainty; that
the parties are unable to successfully implement integration strategies or
otherwise realize the synergies anticipated for the proposed transactions; and
other risks and uncertainties that are beyond the parties' control. If such
risks or uncertainties materialize or such assumptions prove incorrect, actual
results could differ materially from those expressed or implied by such
forward-looking statements and assumptions. The forward-looking statements
contained in this announcement are made as of the date hereof, and Telenor ASA
expressly disclaims any obligation to update or correct any forward-looking
statements made herein due to the occurrence of events after the issuance of
this announcement.
[HUG#1406137]
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 08:14 Uhr
Sprache: Deutsch
News-ID 19392
Anzahl Zeichen: 0
contact information:
Town:
OSLO
Kategorie:
Business News
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"VimpelCom Ltd. Successfully Completes Exchange Offer for OJSC VimpelCom Shares and American Depositary Shares"
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