VimpelCom Shareholders Approve Bye-Law AmendmentsAmsterdam (September 25, 2013), “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ:VIP), announced that it held its Special General Meeting of Shareholders (SGM) earlier today. At the SGM, VimpelCom shareholders approved amended and restated bye-laws with technical amendments to the Company’s former bye-laws. The bye-law amendments were made in connection with the Company's listing on NASDAQ on September 10, 2013.
Holders of approximately 94% of the Company's shares were represented at the SGM.
For more information about the Company’s bye-laws, please see VimpelCom’s web site, www.vimpelcom.com in the “Corporate Profile/Corporate-governance” section.
Altimo, a leading private equity group, operating on some of the world’s most desirable and potentially lucrative mobile telecommunications markets, was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium (VimpelCom Ltd. and Turkcell Iletisim Hizmetleri A.S.). Those assets are in Russia, the CIS and other promising emerging markets.
VimpelCom Ltd. provides voice and data services through a range of wireless, fixed and broadband technologies. VimpelCom Ltd. is headquartered in Amsterdam and has operations in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Georgia, Armenia, Kyrgyzstan, Laos, Algeria, Bangladesh, Canada, Italy, Pakistan, Burundi, Zimbabwe and Central African Republic covering territory with a total population of about 753 million with 214 mln subscribers. VimpelCom Ltd. operating companies provide services under the “Beeline”, “Kyivstar”, “Djuice”, “Wind”, “Infostrada”, “Mobilink”, “Leo”, “Banglalink”, “Telecel” and “Djezzy” brands. VimpelCom Ltd. is traded on NASDAQ under the symbol “VIP”. As of 18 April 2013, Altimo owned 47.85% of the voting shares of VimpelCom Ltd., economic interest is 56.2%.