UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 32)*
VIMPELCOM LTD.
(Name of Issuer)
Common 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 are not publicly traded.
Gaute S. Gravir
Telenor ASA
Snarøyveien 30
N-1360 Fornebu, Norway
+47 99 47 50 76
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 12, 2016
(Date of Event which Requires Filing of this Statement)
Copy to:
Peter ODriscoll
Orrick, Herrington & Sutcliffe LLP
107 Cheapside
London EC2V 6DN
United Kingdom
+44 20 7862 4600
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.
CUSIP No. 92719A 10 6 (ADSs) |
1. | Name of Reporting Person:
Telenor East Holding II AS |
I.R.S. Identification Nos. of above persons (entities only):
000-00-0000 | ||||||
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 | ||||||
8. | Shared Voting Power:
-0- | |||||||
9. | Sole Dispositive Power:
580,578,840 Common Shares | |||||||
10. | Shared Dispositive Power:
-0- | |||||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person:
580,578,840 Common 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):
33.0% of the outstanding Common Shares | |||||||
14. |
Type of Reporting Person (See Instructions):
CO |
CUSIP No. 92719A 10 6 (ADSs) |
1. | Name of Reporting Person:
Telenor Mobile Holding AS |
I.R.S. Identification Nos. of above persons (entities only):
000-00-0000 | ||||||
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 Common Shares(1) | ||||||
8. | Shared Voting Power:
-0- | |||||||
9. | Sole Dispositive Power:
580,578,840 Common Shares(1) | |||||||
10. | Shared Dispositive Power:
-0- | |||||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person:
580,578,840 Common Shares(1) | |||||||
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
| |||||||
13. |
Percent of Class Represented by Amount in Row (11):
33.0% of the outstanding Common Shares(1) | |||||||
14. |
Type of Reporting Person (See Instructions):
CO, HC |
(1) | The Reporting Person disclaims beneficial ownership of all such securities. |
CUSIP No. 92719A 10 6 (ADSs) |
1. | Name of Reporting Person:
Telenor ASA |
I.R.S. Identification Nos. of above persons (entities only):
98-0387714 | ||||||
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 | ||||||
8. | Shared Voting Power:
-0- | |||||||
9. | Sole Dispositive Power:
580,578,840 Common Shares | |||||||
10. | Shared Dispositive Power:
-0- | |||||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person:
580,578,840 Common 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):
33.0% of the outstanding Common Shares | |||||||
14. |
Type of Reporting Person (See Instructions):
CO, HC |
6 | ||||
6 | ||||
12 | ||||
12 | ||||
13 | ||||
13 | ||||
13 | ||||
14 |
SCHEDULE 13D
This Amendment No. 32 (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), 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 previously 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).
TELENOR EAST HOLDING II AS
(a) | Telenor East Holding II AS, a corporation formed under the laws of Norway. |
(b) | Snarøyveien 30 |
N-1360 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 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. |
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-1360 Fornebu, Norway.
DIRECTORS OF TELENOR EAST HOLDING II AS
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Morten Karlsen Sørby (Hammarø, Sweden) |
Norway | Executive Vice President and Acting Chief Financial Officer of Telenor ASA; Chair of the Board of Telenor East Holding | ||
Iver Christian Olerud (Lommedalen, Norway) |
Norway | Financial Director, Telenor Norge AS | ||
EXECUTIVE OFFICERS OF TELENOR EAST HOLDING II AS
| ||||
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
None |
(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-1360 Fornebu
Norway
(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
(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-1360 Fornebu, Norway.
DIRECTORS OF TELENOR MOBILE HOLDING AS
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Morten Karlsen Sørby |
Norway | Executive Vice President and Acting Chief Financial Officer of Telenor ASA; Chair of the Board of Telenor Mobile Holding | ||
Wenche Marie Agerup (Oslo, Norway) |
Norway | Executive Vice President and Chief Corporate Affairs Officer of Telenor ASA; member of the Boards of TGS and Statoil | ||
Kristine Jensen (Oslo, Norway) |
Norway | Director Controlling, Group Finance of Telenor ASA |
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Morten Fallstein (Oslo, Norway) |
Norway | Employee Representative | ||
Hege Karita Ottesen (Oslo, Norway) |
Norway |
Employee Representative | ||
Esben Smistad (Oslo, Norway) |
Norway | Employee Representative |
EXECUTIVE OFFICERS OF TELENOR MOBILE HOLDING AS
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Svein Ivar Brauti (Hosle, Norway) |
Norway | Managing Director of Telenor Mobile Holding |
(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-1360 Fornebu
Norway
(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-1360 Fornebu, Norway.
DIRECTORS OF TELENOR ASA
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Gunn Wærsted (Oslo, Norway) |
Norway | Chair of the Board of Telenor ASA; Chair of the Board of Petoro AS | ||
Jacob Aqraou (Engleberg, Switzerland) |
Denmark | Member of the Boards of Blackwood Seven and Wallapop | ||
Siri Beate Hatlen (Hosle, Norway) |
Norway | Chair of the Board of Entra and member of the Board of Eksportkreditt | ||
Jon Erik Reinhardsen (Oslo, Norway) |
Norway | President and CEO of Petroleum Geo-Services ASA (PGS), and member of the Boards of Borregaard ASA and Awilhelmsen AS | ||
Ashok Vaswani (London, England) |
Singapore | CEO of Barclays UK | ||
Sally David (London, England) |
United Kingdom | Member of the Boards of UK Department of Transportation, Arqiva and Leonard Cheshire Disability | ||
Dag Jakob Opedal (Oslo, Norway) |
Norway | Executive Advisor of FSN Capital Partners AS; member of the Boards of Bertel O. Steen Holding, Nammo AS, Odin Forvaltning, Kavli Holding AS, Kavli Trust, Cosmetic Group AS, PM Retail AS, and member of the advisory board of Meltwater Holding AS | ||
Regi Aalstad (Founex, Switzerland) |
Norway | Chair of the Board of Dråpen i Havet and member of the Board of Geberit | ||
Per Gunnar Salomonsen (Søgne, Norway) |
Norway | Employee Representative | ||
Åse Selfjord (Nittedal, Norway) |
Norway | Employee Representative | ||
Harald Stavn (Kongsberg, Norway) |
Norway | Employee Representative; member of the Board of Telenor Pension Fund and Chair of the Executive Board of Norwegian Society of Engineers |
EXECUTIVE OFFICERS OF TELENOR ASA
Name and Residential Address |
Citizenship |
Present Principal Occupation | ||
Sigve Brekke (Oslo, Norway) |
Norway | President and Chief Executive Officer of Telenor ASA | ||
Morten Karlsen Sørby (Hammarø, Sweden) |
Norway | Executive Vice President and Acting Chief Financial Officer of Telenor ASA | ||
Wenche Marie Agerup (Oslo, Norway) |
Norway | Executive Vice President and Chief Corporate Affairs Officer of Telenor ASA; member of the Boards of TGS and Statoil | ||
Ruza Sabanovic (Oslo, Norway) |
Montenegro | Executive Vice President and Chief Technology Officer of Telenor ASA | ||
Jon Gravråk (Singapore) |
Norway | Executive Vice President and Chief Digital Officer of Telenor ASA | ||
Jon Erik Haug (Oslo, Norway) |
Norway | Executive Vice President and Chief People Officer of Telenor ASA | ||
Vivek Sood (Delhi, India) |
India | Executive Vice President and Chief Marketing Officer of Telenor ASA | ||
Berit Svendsen (Oslo, Norway) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Norway; member of the Boards of DNB, Bisnode and SAS | ||
Patrik Hofbauer (Bromma, Sweden) |
Sweden | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Sweden | ||
Jesper Hansen (Aarhus, Denmark) |
Denmark | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Denmark | ||
Christopher Laska (Budapest, Hungary) |
Norway |
Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Hungary | ||
Ingeborg Øfsthus (Belgrade, Serbia) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Montenegro and Serbia | ||
Lars-Åke Norling (Northaburi, Thailand) |
Sweden | Executive Vice President of Telenor ASA and Chief Executive Officer of dtac, Thailand | ||
Albern Murty (Shah Alam, Malaysia) |
Malaysia |
Executive Vice President of Telenor ASA and Chief Executive Officer of Digi, Malaysia | ||
Rajeev Sethi (Dhaka, Bangladesh) |
India | Executive Vice President of Telenor ASA and Chief Executive Officer of Grameenphone, Bangladesh | ||
Michael Foley (Sofia, Bulgaria) |
Canada | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Bulgaria | ||
Sharad Mehrotra (Gurgaon, India) |
India | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor India | ||
Lars Erik Tellmann (Yangon, Myanmar) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Myanmar | ||
Irfan Wahab Khan (Islamabad, Pakistan) |
Pakistan | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Pakistan |
(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.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of the Transaction
Telenor ASA issued a press release on the date hereof, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety. Except as described in that press release, the Reporting Persons do not have any current plans or proposals that relate to or would result in any of the events set forth in paragraphs (a) through (j) of Item 4. However, the Reporting Persons may, at any time and from time to time, review, reconsider and/or modify or otherwise change their plans or proposals with respect thereto.
Item 5. Interest in Securities of the Issuer
(a)-(b)
Telenor East Holding owns 580,578,840 Common Shares (all of which are in the form of ADRs), representing approximately 33.0% of the total outstanding Common 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 individuals named 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 as set forth in the press release filed with 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 this 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 held by Telenor East Holding.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
In addition to the matters disclosed in the press release attached hereto, the Reporting Persons may, from time to time, formulate other plans or proposals regarding VimpelCom Ltd. or its securities in support of the Reporting Persons intention to divest the VimpelCom Ltd. shares owned by Telenor East Holding 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 Press release of Telenor ASA, dated September 12, 2016.
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: September 12, 2016
TELENOR EAST HOLDING II AS | ||||
By | /s/ Gaute S. Gravir | |||
Name: | Gaute S. Gravir | |||
Title: | Attorney-in-fact | |||
TELENOR MOBILE HOLDING AS | ||||
By | /s/ Gaute S. Gravir | |||
Name: | Gaute S. Gravir | |||
Title: | Attorney-in-fact | |||
TELENOR ASA | ||||
By | /s/ Gaute S. Gravir | |||
Name: | Gaute S. Gravir | |||
Title: | Attorney-in-fact |
Exhibit 99.1
Telenor commences sale of a portion of its stake in VimpelCom Ltd.
(Fornebu, 12 September 2016) Telenor ASA today announced that it has commenced a public offering in the United States of 142,500,000 of its VimpelCom Ltd. American Depository Shares (ADSs).
Telenor currently owns approximately 580 million ADSs, or 33 per cent of VimpelComs total outstanding common shares. The transaction announced today represents 24.5 per cent of the ADSs that Telenor owns (8.1 per cent of VimpelComs total outstanding common shares).
Telenor intends to grant the underwriters an option to purchase up to 21,375,000 additional ADSs at the public offering price, less underwriting discounts and commissions. The price at which Telenor will sell the ADSs has not yet been determined.
Before pricing of the ADS offering, Telenor may also launch a 3-year bond exchangeable into VimpelCom ADSs in an aggregate principal amount of up to USD 1,000,000,000, with an exchange premium which could be up to 35 per cent. The exchangeable bond will be launched outside the United States to non-US persons, pursuant to Regulation S under the U.S. Securities Act.
This transaction follows Telenors announcement on 5 October 2015 of its intention to divest its stake in VimpelCom, which is listed on NASDAQ in the United States under the ticker VIP.
Telenor will not comment beyond todays announcement at this point in time. The pricing of the offering will be announced following the completion of the bookbuilding process.
Morgan Stanley and J.P. Morgan will act as joint global coordinators and joint lead bookrunners, and Citigroup and Credit Suisse will act as joint bookrunners for the offering.
The offering is being made pursuant to VimpelComs shelf registration statement on Form F-3 initially filed with the Securities and Exchange Commission (SEC) on 23 May 2014, as amended and most recently declared effective on 20 April 2016 (the Registration Statement). The ADSs will be offered only by means of a prospectus and accompanying prospectus supplement forming a part of the effective Registration Statement. Prospective investors should read the prospectus included in the Registration Statement, the preliminary prospectus supplement and other documents that VimpelCom has filed with the SEC for more information. The Registration Statement, the preliminary prospectus supplement and the documents incorporated by reference therein are available at the SECs website at www.sec.gov. Alternatively, a copy of the prospectus and related preliminary prospectus supplement may be obtained, when available, from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (800) 831-9146; or Credit Suisse Securities (USA), LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, Phone: (800) 221-1037, Email: newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
For readers in the European Economic Area: In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and directed at qualified investors in that Member State within the meaning of the Prospectus Directive. The term Prospectus Directive means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in each relevant Member State), together with any relevant implementing measure in the relevant Member State.
For readers in the United Kingdom: This communication is being directed only at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) (Investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) or (iii) certain high value persons and entities who fall within Article 49(2)(a) to (d) (High net worth companies, unincorporated associations etc) of the Order; or (iv) any other person to whom it may lawfully be communicated (all such persons in (i) to (iv) together being referred to as relevant persons). The ADSs are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such ADSs will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Investor Relations
Marianne Moe
Mobile: (+47) 9161 7631
marianne.moe@telenor.com
Helge Øien
Mobile: (+47) 9131 9242
helge.oien@telenor.com
Media Contact
Glenn Mandelid
Mobile: (+47) 9266 1300
glenn.mandelid@telenor.com