MForum.ru
15.02.2012,
Telenor acquires 234,000,000 VimpelCom preferred shares from Weather Investments II and withdraws arbitration claim
(Fornebu, Norway - 15 February 2012) - Telenor has purchased 234,000,000 VimpelCom preferred shares from Weather Investments II S.a.r.l. ("Weather"), for US$374,400,000, thereby increasing Telenor's voting share in VimpelCom Ltd. to 36.36 %, subject to adjustment arising under certain put and call arrangements. Weather is the investment vehicle through which Mr. Naguib Sawiris and his family hold their interests in VimpelCom Ltd. ("VimpelCom").
In connection with the transaction, Telenor has withdrawn all its claims against Altimo Holdings & Investments Ltd., Altimo Cooperatief U.A. and VimpelCom Ltd. in the pending arbitration proceeding, and will work to expand the VimpelCom Board to eleven members. Telenor's withdrawal of its claims will result in the termination of the VimpelCom shareholders agreement.
"This transaction takes Telenor to approximately the same voting position as a successful outcome of the arbitration process would have achieved, and is therefore a commercial solution we are happy with," said Jon Fredrik Baksaas, Telenor's CEO. "The withdrawal of the arbitration claim will prevent further dilution of the VimpelCom shareholders, and it will enable a more normal corporate governance situation in VimpelCom. We will work to expand the VimpelCom Board to eleven members. Together with the other shareholders we will continue our contribution to the industrial development of VimpelCom as we always have done."
"I am very happy about this transaction which will allow Weather to participate actively in the Supervisory Board of VimpelCom, will foster improved corporate governance of the company and ensure a better focus of the management on industrial issues in a context in which the existing disputes among the key shareholders have been resolved," said Naguib Sawiris.
Simultaneously with Telenor's purchase of VimpelCom preferred shares from Weather, Telenor and Weather have entered into certain put and call arrangements regarding the remaining 71,000,000 VimpelCom preferred shares held by Weather.
Set out below are the shareholdings in VimpelCom before and after the transaction (prior to any adjustments arising under the put and call arrangements referred to above):
|
VimpelCom Shareholdings before Transaction |
||||
Holder |
Common |
Percent |
Preferred |
Total |
Percent |
Telenor |
515,578,840 |
31.67% |
--- |
515,578,840 |
25.01% |
Altimo |
510,461,800 |
31.35% |
4,932,000 |
515,393,800 |
25.00% |
Bertofan |
--- |
--- |
123,600,000 |
123,600,000 |
5.99% |
Weather |
305,803,396 |
18.78% |
305,000,000 |
610,803,396 |
29.63% |
Minorities |
296,355,099 |
18.20% |
--- |
296,355,099 |
14.37% |
Total |
1,628,199,135 |
100.00% |
433,532,000 |
2,061,731,135 |
100.00% |
|
VimpelCom Shareholdings after Transaction |
||||
Holder |
Common |
Percent |
Preferred |
Total |
Percent |
Telenor |
515,578,840 |
31.67% |
234,000,000 |
749,578,840 |
36.36% |
Altimo |
510,461,800 |
31.35% |
4,932,000 |
515,393,800 |
25.00% |
Bertofan |
--- |
--- |
123,600,000 |
123,600,000 |
5.99% |
Weather |
305,803,396 |
18.78% |
71,000,000 |
376,803,396 |
18.28% |
Minorities |
296,355,099 |
18.20% |
--- |
296,355,099 |
14.37% |
Total |
1,628,199,135 |
100.00% |
433,532,000 |
2,061,731,135 |
100.00% |
Telenor has filed with the US Securities and Exchange Commission an amendment to Telenor's filing on Schedule 13D with respect to VimpelCom, attached to which are copies of the share purchase agreement and the option agreement between Telenor and Weather. Free copies of such documents can be obtained at the SEC's website at www.sec.gov.
© Алексей Бойко, Сообщество 4G,
Публикации по теме:
08.12. [Новости компаний] Башенная инфраструктура / MForum.ru
31.12. [Новости компаний] Телеком: Tele2 уходит из Казахстана / MForum.ru
01.08. [Новости компаний] Кадры: Артем Минаев назначен директором по связям с общественностью Microsoft в России / MForum.ru
19.07. [Новости компаний] Пресс-релизы: VEON делает интернет удобным. Уже в Google Play и скоро в App Store! / MForum.ru
01.06. [Новости компаний] Финансовые сервисы: Oнлайн-сервис Mastercard будет интегрирован в приложение VEON / MForum.ru
02.10. [Новинки] Анонсы: Huawei Nova 14i представлен официально / MForum.ru
02.10. [Новинки] Анонсы: Realme 15x с защитой "IP69 Pro" представлен официально / MForum.ru
01.10. [Новинки] Анонсы: Представлен Vivo V60 Lite 4G с аккумулятором емкостью 6500 мАч и быстрой зарядкой мощностью 90 Вт / MForum.ru
01.10. [Новинки] Анонсы: Realme P3 Lite 4G появился в ЕС / MForum.ru
30.09. [Новинки] Анонсы: Vivo V60e появится в Индии / MForum.ru
29.09. [Новинки] Анонсы: Xiaomi 15T и 15T Pro представлены официально / MForum.ru
26.09. [Новинки] Анонсы: Xiaomi 17 со Snapdragon 8 Elite Gen 5 представлен официально / MForum.ru
25.09. [Новинки] Анонсы: Vivo V60 Lite 5G представлен официально / MForum.ru
25.09. [Новинки] Анонсы: Qualcomm официально представила Snapdragon 8 Elite Gen 5 / MForum.ru
24.09. [Новинки] Слухи: Использование инновационного экрана в iQOO 15 подтверждено официально / MForum.ru
23.09. [Новинки] Анонсы: MediaTek официально представила флагманский чипсет Dimensity 9500 / MForum.ru
23.09. [Новинки] Анонсы: Realme GT 8 и GT 8 Pro представят в следующем месяце / MForum.ru
22.09. [Новинки] Анонсы: Vivo Y50i представлен официально
19.09. [Новинки] Анонсы: Redmi 15C 5G появился в некоторых странах ЕС / MForum.ru
19.09. [Новинки] Слухи: Xiaomi Pad 8 может получить чипсет Snapdragon 8 Elite / MForum.ru
19.09. [Новинки] Слухи: Vivo V60 Lite 4G готовится к анонсу / MForum.ru
18.09. [Новинки] Слухи: Смартфон Xiaomi 17 Pro замечен в Geekbench / MForum.ru
17.09. [Новинки] Анонсы: Компания BOE представила дисплей ADS Pro / MForum.ru
16.09. [Новинки] Анонсы: Vivo Y31 5G и Y31 Pro 5G официально представлены в Индии / MForum.ru
16.09. [Новинки] Слухи:Huawei Watch GT 6 и Watch GT 6 Pro готовятся к анонсу / MForum.ru