UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 21)*
Copy to:
Peter S. ODriscoll, Esq.
Coudert Brothers LLP
60 Cannon Street
London EC4N 6JP
England
44-207-248-3000
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
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 shall 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 to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (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.
SCHEDULE 13D
CUSIP No. 68370R 10 9 | ||||||
1. | Name of Reporting Person: Telenor East Invest 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) | o | |||||
(b) | o | |||||
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): o N/A |
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6. | Citizenship or Place of Organization: Norway |
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Number
of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: 15,337,854 | |||||
8. | Shared Voting
Power: -0- | |||||
9. | Sole Dispositive
Power: 15,337,854 | |||||
10. | Shared Dispositive
Power: -0- | |||||
11. | Aggregate Amount Beneficially
Owned by Each Reporting Person: 15,337,854 |
|||||
12. | Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): o The aggregate amount reported as beneficially owned in row (11) does not include shares which the Reporting Person discloses in the report but as to which beneficial ownership is disclaimed pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the Securities Exchange Act of 1934. |
|||||
13. | Percent of Class Represented by
Amount in Row (11): 29.9% of the outstanding Common Stock (26.6% of the outstanding voting capital stock) | |||||
14. | Type of Reporting Person (See
Instructions): CO | |||||
SCHEDULE 13D
CUSIP No. 68370R 10 9 | ||||||
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) | o | |||||
(b) | o | |||||
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):
o N/A |
|||||
6. | Citizenship or Place of Organization: Norway |
|||||
Number
of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: 15,337,854(1) | |||||
8. | Shared Voting
Power: -0- | |||||
9. | Sole Dispositive
Power: 15,337,854(1) | |||||
10. | Shared Dispositive
Power: -0- | |||||
11. | Aggregate Amount Beneficially
Owned by Each Reporting Person: 15,337,854 (1) |
|||||
12. | Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): o The aggregate amount reported as beneficially owned in row (11) does not include shares which the Reporting Person discloses in the report but as to which beneficial ownership is disclaimed pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the Securities Exchange Act of 1934. |
|||||
13. | Percent of Class Represented by
Amount in Row (11): 29.9% of the outstanding Common Stock (26.6% of the outstanding voting capital stock) | |||||
14. | Type of Reporting Person (See
Instructions): CO | |||||
1 The Reporting Person disclaims beneficial ownership of all shares.
SCHEDULE 13D
CUSIP No. 68370R 10 9 | ||||||
1. | Name of Reporting Person: Telenor ASA |
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) | o | |||||
(b) | o | |||||
3. | SEC Use Only: | |||||
4. | Source of Funds (See Instructions): AF |
|||||
5. | Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e):
o N/A |
|||||
6. | Citizenship or Place of Organization: Norway |
|||||
Number
of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: 15,337,854 (2) | |||||
8. | Shared Voting
Power: -0- | |||||
9. | Sole Dispositive
Power: 15,337,854 (2) | |||||
10. | Shared Dispositive
Power: -0- | |||||
11. | Aggregate Amount Beneficially
Owned by Each Reporting Person: 15,337,854 (2) |
|||||
12. | Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): o The aggregate amount reported as beneficially owned in row (11) does not include shares which the Reporting Person discloses in the report but as to which beneficial ownership is disclaimed pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the Securities Exchange Act of 1934. |
|||||
13. | Percent of Class Represented by
Amount in Row (11): 29.9% of the outstanding Common Stock (26.6% of the outstanding voting capital stock) | |||||
14. | Type of Reporting Person (See
Instructions): CO | |||||
2 The Reporting Person disclaims beneficial ownership of all shares.
SCHEDULE 13D
Item 1. Security and Issuer
The statement on Schedule 13D relating to the common stock, 0.005 rubles nominal value (the Common Stock), of Open Joint Stock Company Vimpel-Communications, a Russian open joint stock company (VimpelCom), as previously jointly filed by Telenor East Invest AS, Telenor Mobile Holding AS and Telenor ASA (as amended by Amendment Nos. 1 through 20, the Statement), is hereby amended and supplemented with respect to the items set forth below.
Except as provided herein, this Amendment does not modify any of the information previously reported in the Statement.
Item 2. Identity and Background
This amendment to the Statement on Schedule 13D is being jointly filed by Telenor East Invest AS, Telenor Mobile Holding AS and Telenor ASA (collectively, the Reporting Persons).
TELENOR EAST INVEST AS
(a) | Telenor East Invest AS, a corporation formed under the laws of Norway. | |||
(b) | Snarøyveien 30 N 1331 Fornebu Norway |
(c) Telenor East Invest AS is engaged principally in the business of investing in the telecommunications industry outside of Norway.
(d) During the last five years, Telenor East Invest AS has not been convicted in a criminal proceeding.
(e) During the last five years, Telenor East Invest AS was not a party to a civil proceeding of a judicial or administrative body as a result of which Telenor East Invest AS 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 INVEST AS
(a), (b), (c) and (f) The following information sets forth the name, citizenship, business address and present principal occupation of each of the directors and executive officers of Telenor East Invest AS. Except as otherwise indicated, the business address
of each of such persons is Telenor East Invest AS, c/o Telenor ASA, Snarøyveien 30, N-1331 Fornebu, Norway.
DIRECTORS OF TELENOR EAST INVEST AS
Name and Business Address | Citizenship | Present Principal Occupation | ||
Fridtjof Rusten (Oslo, Norway) |
Norway | Senior Vice President of Telenor ASA and Chairman of the Board of Telenor East Invest AS | ||
Henrik Eidemar Torgersen (Oslo, Norway) |
Norway | Executive Vice President of Telenor ASA | ||
Gunn Margethe Logith Ringoen (Oslo, Norway) |
Norway | Senior Business Manager of Telenor ASA |
EXECUTIVE OFFICERS OF TELENOR EAST INVEST AS
Name and Business Address | Citizenship | Present Principal Occupation | ||
Inger Petrine Nilsen (Oslo, Norway) |
Norway | Senior Business Manager of Telenor ASA and President of Telenor East Invest AS |
(d) During the last five years, none of the above executive officers and directors of Telenor East Invest AS has been convicted in a criminal proceeding.
(e) During the last five years, none of the above executive officers and directors of Telenor East Invest AS was a party to a civil proceeding of a judicial or administrative body as a result of which Telenor East Invest AS 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 |
(c) Telenor Mobile Holding AS 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 AS has not been convicted in a criminal proceeding.
(e) During the last five years, Telenor Mobile Holding AS was not a party to a civil proceeding of a judicial or administrative body as a result of which Telenor Mobile Holding AS 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, business address and present principal occupation of each of the directors and executive officers of Telenor Mobile Holding AS. The address of the directors and executive officers is Telenor Mobile Holding AS, c/o Telenor ASA, Snarøyveien 30, N 1331 Fornebu, Norway.
DIRECTORS OF TELENOR MOBILE HOLDING AS
Name and Business Address | Citizenship | Present Principal Occupation | ||
Jon Fredrik Baksaas (Sandvika, Norway) |
Norway | President and Chief Executive Officer of Telenor ASA and Chairman of the Board of Telenor Mobile Holding AS | ||
Torstein Moland (Lier, Norway) |
Norway | Senior Executive Vice President and Chief Financial Officer of Telenor ASA | ||
Jan Edvard Thygesen (Nesbru, Norway) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Sonofon | ||
Berit Svendsen (Oslo, Norway) |
Norway | Executive Vice President of Telenor ASA |
Name and Business Address | Citizenship | Present Principal Occupation | ||
Morten Fallstein (Oslo, Norway) |
Norway | Employee Representative | ||
Tore Haugland (Bergen, Norway) |
Norway | Employee Representative | ||
Arnhild Londal (Oslo, Norway) |
Norway | Employee Representative | ||
Kirsten Dalholt (Oslo, Norway) |
Norway |
Senior Advisor of Telenor ASA Nordic Division |
EXECUTIVE OFFICERS OF TELENOR MOBILE HOLDING AS
Name and Business Address | Citizenship | Present Principal Occupation | ||
Arve Johansen (Oslo, Norway) |
Norway | Senior Executive Vice President and Chief Executive Officer of Telenor Mobile Holding AS | ||
Jon Fredrik Baksaas (Sandvika, Norway) |
Norway | President and Chief Executive Officer of Telenor ASA and Chairman of the Board of Telenor Mobile Holding AS |
(d) During the last five years, none of the above executive officers and directors of Telenor Mobile Holding AS 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 AS 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 |
(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, business address and present principal occupation of each of the directors and executive officers of Telenor ASA. Except as otherwise indicated, 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 Business Address | Citizenship | Present Principal Occupation | ||
Torleif Enger (Ostre Toten, Norway) |
Norway | Chief Executive Officer of Yara International ASA and Chairman of the Board of Telenor ASA | ||
Bjorg Ven (Oslo, Norway) |
Norway | Partner, Haavind Vislie Law Firm; Deputy Chairman of the Board of Telenor ASA; and Member of the Boards of Cermaq ASA, Vital Insurance AS and Dagbladet AS | ||
Hanne de Mora (Erlenbach, Switzerland) |
Switzerland | Principal of A-Connect and Member of the Board of Tomra ASA | ||
Jorgen Lindegaard (Stockholm, Sweden) |
Denmark | President and Chief Executive Officer of the SAS Group and Member of the Boards of Finansieringsinstituttet for Industri og Haandvaerk AS and Superfos AS | ||
John Giverholt (Asker, Norway) |
Norway | Chief Financial Officer of Ferd AS |
Name and Business Address | Citizenship | Present Principal Occupation | ||
Paul Bergqvist (Stockholm, Sweden) |
Sweden | Managing Director of Carlsberg Sweden | ||
Liselott Kilaas (Oslo, Norway) |
Norway | Head of Business Area Communication and Security Systems of ZENITEL Norway AS | ||
Per Gunnar Salomonsen (Skien, Norway) |
Norway | Employee Representative | ||
Harald Stavn (Kongsberg, Norway) |
Norway | Employee Representative | ||
Irma Ruth Tystad (Trysil, Norway) |
Norway | Employee Representative |
EXECUTIVE OFFICERS OF TELENOR ASA
Name and Business Address | Citizenship | Present Principal Occupation | ||
Jon Fredrik Baksaas (Sandvika, Norway) |
Norway | President and Chief Executive Officer of Telenor ASA and Chairman of the Board of Telenor Mobile Holding AS | ||
Arve Johansen (Oslo, Norway) |
Norway | Senior Executive Vice President and Chief Executive Officer of Telenor Mobile Holding AS | ||
Torstein Moland (Lier, Norway) |
Norway | Senior Executive Vice President and Chief Financial Officer of Telenor ASA | ||
Jan Edvard Thygesen (Nesbru, Norway) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Sonofon | ||
Stig Eide Sivertsen (Oslo, Norway) |
Norway | Executive Vice President of Telenor ASA; Chief Executive Officer of Telenor Broadband Services AS; and Chairman of the Board of Canal Digital AS |
Name and Business Address | Citizenship | Present Principal Occupation | ||
Morten Karlsen Sorby (Hammaro, Sweden) |
Norway | Executive Vice President of Telenor ASA and Chief Executive Officer of Telenor Norway |
(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 4. Purpose of the Transaction
On May 12, 2005, Telenor filed an application with the Federal Antimonopoly Service of the Russian Federation (the FAS) in which Telenor requested that the FAS approve an increase in Telenors permitted ownership of voting capital stock of VimpelCom. At present, Telenor is authorized by the FAS to own up to 26.6% of the voting capital stock of VimpelCom. To ensure it has the flexibility to acquire additional securities of VimpelCom from time to time, Telenor has, in such application, requested that the FAS grant Telenor an approval to own up to 45% of the voting capital stock of VimpelCom. If granted, such approval will be effective for a period of twelve months from the date of grant.
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. In order to maximize the value of their investment in VimpelCom, the Reporting Persons may, from time to time, consider, evaluate or propose various possible transactions involving VimpelCom or its subsidiaries or affiliates, which could include, among other things:
(i) the possible acquisition of additional securities of VimpelCom 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, 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 owned by them;
(iv) possible extraordinary corporate transactions (such as a merger, consolidation, reorganization or restructuring) involving VimpelCom or any of its subsidiaries, including with other telecommunication companies which may be affiliated with the Reporting Persons;
(v) the possible acquisition by VimpelCom or its subsidiaries of assets or interests in one or more telecommunication companies, including other telecommunication companies which may be affiliated with the Reporting Persons, or the possible sale of assets or operations by VimpelCom or its subsidiaries;
(vi) making or seeking to make changes in or affecting the Board of Directors or management of VimpelCom;
(vii) possible litigation involving VimpelCom, its Board of Directors and/or its management; or
(viii) entering into and unwinding derivative transactions with respect to the securities of VimpelCom.
The Reporting Persons may also, from time to time, formulate other plans or proposals regarding VimpelCom or its securities to the extent deemed advisable in light of market conditions, subsequent developments affecting VimpelCom, the general business and future prospects of VimpelCom, tax considerations, or other factors.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The Reporting Persons may, from time to time, enter into and unwind cash settled equity swap or other similar derivative transactions with respect to the securities of VimpelCom, 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 to which these transactions relate and, accordingly, the Reporting Persons disclaim beneficial ownership of any such securities.
Except as provided in the documents described in the Statement on Schedule 13D and Amendments Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20 hereto, or as set forth herein, neither Telenor, Telenor Mobile Holding AS or Telenor ASA, nor to the best of Telenors, Telenor Mobile Holding ASs or Telenor ASAs knowledge, any 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, 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.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment to the Statement on Schedule 13D is true, complete and correct and that such Statement, as amended hereby, is true, complete and correct.
Dated: May 12, 2005
TELENOR EAST INVEST AS |
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By | /s/ Fridtjof Rusten | |||
Name: | Fridtjof Rusten | |||
Title: | Chairman of the Board | |||
TELENOR MOBILE HOLDING AS |
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By | /s/ Jon Fredrik Baksaas | |||
Name: | Jon Fredrik Baksaas | |||
Title: | Chairman of the Board | |||
TELENOR ASA |
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By | /s/ Jon Fredrik Baksaas | |||
Name: | Jon Fredrik Baksaas | |||
Title: | President and Chief Executive Officer |