Amsterdam(August 7, 2013), “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NYSE:VIP), a leading global provider of telecommunications services, today announces that its Supervisory Board has approved the transfer of the listing of its American Depositary Shares (“ADSs”) to the NASDAQ Global Select Market. VimpelCom will concurrently delist its ADSs from the New York Stock Exchange. VimpelCom expects to commence trading on The NASDAQ Stock Market on September 10, 2013.
The Company believes the transfer to NASDAQ will provide VimpelCom shareholders with strong execution and liquidity, while offering the Company an expanded and cost effective set of listing and corporate services.
VimpelCom stock will continue to trade under the ticker symbol “VIP”.
The Company’s Supervisory Board has scheduled a Special General Meeting of shareholders (“SGM”) for September 25, 2013 to approve mainly technical amendments to VimpelCom’s bye-laws in connection with the transfer to NASDAQ. The record date for the SGM has been set for August 19, 2013.
Further details on the agenda and procedural matters related to the SGM will be made available through an official notice to be distributed by VimpelCom to its shareholders prior to the SGM.