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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
TURKCELL ILETISIM HIZMETLERI A.S.
(Name of Issuer)
Ordinary Shares, nominal value TRY 1.000 per share
(Title of Class of Securities)
900111204
(CUSIP Number)
Franz Wolf
Suite 2, 4 Irish Place
Gibraltar
+350 200 41977
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 18, 2009
(Date of Event which Requires Filing of this Statement)
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
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CUSIP No. |
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900111204 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
Alfa Telecom Turkey Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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British Virgin Islands
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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1,122,000,000.238 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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1,122,000,000.238 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,122,000,000.238 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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of |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
Alfa Finance Holdings S.A. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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Luxembourg
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5% or less |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5% or less |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5% or less* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5% or less |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC |
* As further described in Item 4, Alfa Finance Holdings S.A. has ceased to be the beneficial owner of more than 5% of the Shares in the Issuer, and the Reporting Persons no longer constitute a reporting group for purposes of Schedule 13D.
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
OOO ALTIMO |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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Russian Federation
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5% or less |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5% or less |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5% or less* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5% or less |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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CO |
* As further described in Item 4, OOO Altimo has ceased to be the beneficial owner of more than 5% of the Shares in the Issuer, and the Reporting Persons no longer constitute a reporting group for purposes of Schedule 13D.
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CUSIP No. |
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900111204 |
SCHEDULE 13D |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
Altimo Holdings & Investments Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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British Virgin Islands
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5% or less |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5% or less |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5% or less* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5% or less |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC |
* As further described in Item 4, Altimo Holdings & Investments Limited has ceased to be the beneficial owner of more than 5% of the Shares in the Issuer, and the Reporting Persons no longer constitute a reporting group for purposes of Schedule 13D.
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CUSIP No. |
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900111204 |
SCHEDULE 13D |
Page |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
CTF Holdings Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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Gibraltar
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5% or less |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5% or less |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5% or less* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5% or less |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC |
* As further described in Item 4, CTF Holdings Limited has ceased to be the beneficial owner of more than 5% of the Shares in the Issuer, and the Reporting Persons no longer constitute a reporting group for purposes of Schedule 13D.
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CUSIP No. |
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900111204 |
SCHEDULE 13D |
Page |
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NAMES OF REPORTING PERSONS.
I.R.S. Identification Nos. of above persons (entities only).
Crown Finance Foundation |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OF PLACE OF ORGANIZATION |
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Liechtenstein
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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5% or less |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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5% or less |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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5% or less* |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5% or less |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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CO |
* As further described in Item 4, Crown Finance Foundation has ceased to be the beneficial owner of more than 5% of the Shares in the Issuer, and the Reporting Persons no longer constitute a reporting group for purposes of Schedule 13D.
SCHEDULE 13D
Introductory Statement.
This Amendment No. 4 on Schedule 13D (this Amendment) supplementally amends the initial statement
on Schedule 13D, filed December 5, 2005, by Cukurova Telecom Holdings Limited, Alfa Telecom Turkey
Limited, Alfa Finance Holdings S.A., CTF Holdings Limited, and Crown Finance Foundation, as amended
by Amendment No. 1 on Schedule 13D, filed August 15, 2006, by Cukurova Telecom Holdings Limited,
Alfa Telecom Turkey Limited, Alfa Finance Holdings S.A., OOO Altimo, Altimo Holdings & Investment
Limited, CTF Holdings Limited, and Crown Finance Foundation, Amendment No. 2 on Schedule 13D, filed
December 3, 2007, by Alfa Telecom Turkey Limited, Alfa Finance Holdings S.A., OOO Altimo, Altimo
Holdings & Investment Limited, CTF Holdings Limited, and Crown Finance Foundation and Amendment
No. 3 on Schedule 13D, filed January 29, 2008, by Alfa Telecom Turkey Limited, Alfa Finance
Holdings S.A., OOO Altimo, Altimo Holdings & Investment Limited, CTF Holdings Limited, and Crown
Finance Foundation (as amended, the Existing Statement and together with this Amendment, the
Statement). Except as provided herein, this Amendment does not modify any of the information
previously reported in the Existing Statement. Capitalized terms not defined in this Amendment have
the meanings given them in the Existing Statement.
Item 1. Security and Issuer.
This Statement on Schedule 13D relates to ordinary shares, TRY 1.000 nominal value per share (the
Shares), of Turkcell Iletisim Hizmetleri A.S. (the Issuer). The address of the principal
executive office of the Issuer is Turkcell Plaza, Mesrutiyet Caddesi No 71, 34430, Tepebasi,
Istanbul, Turkey.
Item 2. Identity and Background
This Amendment is filed on behalf of each of the following persons (collectively, the Reporting
Persons):
(i) Alfa Telecom Turkey Limited;
(ii) Alfa Finance Holdings S.A.;
(iii) OOO ALTIMO;
(iv) Altimo Holdings & Investments Limited;
(v) CTF Holdings Limited; and
(vi) Crown Finance Foundation.
The agreement between the Reporting Persons relating to the joint filing of this Amendment is
provided at Exhibit A hereto.
The Reporting Persons
Alfa Telecom Turkey Limited (Alfa Telecom Turkey) is a British Virgin Islands company, with its
principal address at Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British
Virgin Islands. The principal business of Alfa Telecom Turkey is to function as a holding company.
Alfa Telecom Turkey is the holder of 49% of the total outstanding shares in Cukurova Telecom
Holdings Limited (Cukurova Telecom Holdings), a British Virgin Islands Company, which in turn is
the holder of 52.91% of the total outstanding shares in Turkcell Holding A.S. (Turkcell Holding),
a Turkish company, and, as a result of which, and as a result of the terms of the Shareholders
Agreement (as defined, and as further described, in Items 5 and 6 of the Existing Statement), Alfa
Telecom Turkey may be deemed to be a beneficial owner of the Shares held by Turkcell Holding.
Current information concerning the identity and background of the directors and officers of Alfa
Telecom Turkey is set forth in Annex A hereto, which is incorporated by reference in response to
this Item 2.
SCHEDULE 13D
Alfa Finance Holdings S.A. (Alfa Finance) is a Luxembourg limited liability company with its
principal address at 3, Bld du Prince Henri, Luxembourg, L-1724. The principal business of Alfa
Finance is to function as a holding company. Alfa Finance is the holder of 37.8% of the shares of
Alfa Telecom Turkey. Current information concerning the identity and background of the directors
and officers of Alfa Finance is set forth in Annex A hereto, which is incorporated by reference in
response to this Item 2.
OOO ALTIMO (Altimo Russia) is a Russian company with its principal address at 21 Noviy Arbat
Street, GSP-2, Moscow, Russia 119992. The principal business of Altimo Russia is to manage telecom
related investments of certain of its related companies. Altimo Russia was previously a party to
the Management Agreement (as defined, and further described, in Item 6 of the Existing Statement),
which has now been terminated, as further described in Item 4. Current information concerning the
identity and background of the directors and officers of Altimo Russia is set forth in Annex A
hereto, which is incorporated by reference in response to this Item 2.
Altimo Holdings & Investments Limited (Altimo Holdings) is a British Virgin Islands company with
its principal address at Trident Chambers, P.O. Box 659, Road Town, Tortola, British Virgin
Islands. The principal business of Altimo Holdings is to act as a holding company. Altimo Holdings
is the sole shareholder of Altimo Russia. Current information regarding the identity and
background of the directors and officers of Altimo Holdings is set forth in Annex A hereto, which
is incorporated by reference in response to this Item 2.
CTF Holdings Limited (CTF Holdings) is a Gibraltar limited liability company with its principal
address at Suite 2, 4 Irish Place, Gibraltar. The principal business of CTF Holdings is to function
as a holding company. CTF Holdings is the majority owner of Cotesmore Holdings Limited, a Bahamas
corporation (Cotesmore), Laketown Services Limited, an Isle of Man corporation (Laketown), and
Bardsley Investment Corp., a British Virgin Islands corporation (Bardsley and, together with
Cotesmore and Laketown, the Holding Companies). Collectively, the Holding Companies own a
majority of the shares of Alfa Finance and Altimo Holdings. Current information concerning the
identity and background of the directors and officers of CTF Holdings is set forth in Annex A
hereto, which is incorporated by reference in response to this Item 2.
Crown Finance Foundation (Crown Finance) is a Liechtenstein foundation with its principal address
at Am Schragen Weg 14, P.O. Box 1618, FL-9490, Vaduz, Liechtenstein. The principal business of
Crown Finance is investment and management of the assets and capital of the foundation. Crown
Finance is the sole shareholder of CTF Holdings. Current information concerning the identity and
background of the directors and officers of Crown Finance is set forth in Annex A hereto, which is
incorporated by reference in response to this Item 2.
The Supervisory Board coordinates the strategic development of a group of related entities, often
referred to as the Alfa Group Consortium, which group includes the Reporting Persons. In certain
instances, the Supervisory Board issues recommendations regarding strategic business decisions to
the entities that are members of the Alfa Group Consortium. Current information regarding the
identity and background of the members of the Supervisory Board is set forth in Annex A hereto,
which is incorporated by reference in response to this Item 2.
During the past five years, none of the Reporting Persons and, to the best of the Reporting
Persons knowledge, no other person identified in response to this Item 2 has been (a) convicted in
a criminal proceeding or (b) a party to any civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which it or he or she 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
No changes.
Item 4. Purpose of Transaction
SCHEDULE 13D
The following new paragraphs are added to Item 4 of the Existing Statement:
Under an order of the United States District Court for the Southern District of New York, dated
November 19, 2008, in relation to legal proceedings between Storm LLC and Telenor Mobile
Communications AS (the Order), Alfa Finance and its affiliates were ordered to decrease their
beneficial ownership in Turkcell to 5% by March 23, 2009.
On March 17, 2009, Alfa Finance and Alfa Telecom Turkey entered into several agreements to comply
with the Order. These agreements include, among others: (i) a Sale and Purchase Agreement, dated
17 March 2009 (the Nadash SPA), between Alfa Finance and Nadash International Holdings Inc.
(Nadash), under which Alfa Finance sold to Nadash 1,610 shares in Alfa Telecom Turkey
(representing 32.2% of the equity in Alfa Telecom Turkey); (2) a Sale and Purchase Agreement, dated
17 March 2009 (the Henri SPA), between Alfa Finance and Henri Services Limited (Henri), under
which Alfa Finance sold to Henri 1,500 shares in Alfa Telecom Turkey (representing 30% of the
equity in Alfa Telecom Turkey); and (3) a Shareholders Agreement, dated 17 March 2009 (the ATTL
Shareholders Agreement and, together with the Nadash SPA and the Henri SPA, the Agreements),
among Alfa Finance, Nadash, Henri and Alfa Telecom Turkey relating to the management of Alfa
Telecom Turkey. Additionally, as part of the foregoing transactions, the Management Agreement
wherein Altimo Russia (subsequently AT Consulting Limited) provided management services to Alfa
Telecom Turkey, as described in the Existing Statements, was terminated on March 18, 2009.
The description of the Agreements contained in this Item 4 is qualified in its entirety by
reference to the complete text of the Agreements filed as Exhibits hereto.
As a result of the foregoing, each of Alfa Finance, Altimo Russia, Altimo Holdings & Investments
Limited, CTF Holdings and Crown Finance will own 5% or less of the outstanding Shares of the Issuer
and will cease to be required to file statements on Schedule 13D in respect of the Issuer.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby deleted in its entirety and replaced with the following:
The information set forth in Item 2 and Item 6 hereof is hereby incorporated by reference into this
Item 5.
(a) (i) Cukurova Telecom Holdings may be deemed to be the beneficial owner of the 1,122,000,000.238
Shares held by Turkcell Holding, representing 51.0% of the issued and outstanding Shares of the
Issuer, by virtue of Cukurova Telecom Holdings ownership of 52.91% of the issued and outstanding
share capital of Turkcell Holding, and Alfa Telecom Turkey may be deemed the beneficial owner of
the 1,122,000,000.238 Shares held by Turkcell Holding, representing 51.0% of the total number of
Shares outstanding, by virtue of Alfa Telecom Turkeys ownership of 49% of the issued and
outstanding share capital of Cukurova Telecom Holdings and rights that Alfa Telecom Turkey has by
virtue of such ownership and the terms of the Shareholders Agreement (as defined, and further
described, in Item 6 of the Existing Statement) related to Cukurova Telecom Holdings. Turkcell
Holding is the beneficial owner of the 1,122,000,000.238 Shares held by it, representing 51.0% of
the issued and outstanding Shares of the Issuer.
(ii) Alfa Telecom Turkey, Cukurova Telecom Holdings, and Cukurova Finance International (as defined
in the Existing Statement) have entered into the Shareholders Agreement with respect to Alfa
Telecom Turkeys and Cukurova Finance Internationals ownership interests in Cukurova Telecom
Holdings, as further described in Item 6 of the Existing Statement, which, among other things,
contains a provision requiring that if and to the extent certain persons affiliated with Alfa
Telecom Turkey and/or Cukurova Finance International hold Shares, other than those Shares held
indirectly by Cukurova Telecom Holdings, Alfa Telecom Turkey or Cukurova Finance International, as
applicable, will procure that such Shares are voted as agreed between Alfa Telecom Turkey and
Cukurova Finance International at the board of directors of Cukurova Telecom Holdings. As a result,
Alfa Telecom Turkey may be deemed to be part of a group with Cukurova Finance International within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934. Reference is made to such
statements on Schedule 13D or Schedule 13G as have been or may be filed with the Securities and
Exchange Commission by Cukurova Finance International, its parent
SCHEDULE 13D
company Cukurova Holding A.S.
(Cukurova Holding), or any of their affiliates (together,
the Cukurova Parties), for information regarding such entities, their respective beneficial ownership of
Shares, and any changes to such respective beneficial ownership of Shares. To the best of the
knowledge of Alfa Telecom Turkey and according to the latest report on Form 20-F for the period
ending December 31, 2008, filed by the Issuer on or about April 24, 2008, the Cukurova Parties may
be deemed to beneficially own the Shares held by Turkcell Holding and may in addition be deemed to
beneficially own 91,195,509.429 Shares (representing 4.1% of the issued and outstanding Shares)
held by Cukurova Holding or its affiliated companies. The filing of this Statement shall not be
construed as an admission that any of the Reporting Persons or any other person named in Item 2
hereof is the beneficial owner of any Shares held by Cukurova Finance International, Cukurova
Holding, or any of their related persons (other than Turkcell Holding).
To the best of the Reporting Persons knowledge, except for certain of the Reporting Persons and
Turkcell Holding, and other than as noted in Annex A hereto, none of the persons named in response
to Item 2 beneficially owns any Shares.
(b) Cukurova Telecom Holdings may be deemed to have the sole power to vote or direct the vote, and
sole power to dispose or direct the disposition of, the 1,122,000,000.238 Shares held by Turkcell
Holding, representing 51.0% of the total number of Shares outstanding, by virtue of Cukurova
Telecom Holdings 52.91% interest in Turkcell Holding. Further, Alfa Telecom Turkey may be deemed
to have shared power to vote or direct the vote, and shared power to dispose or direct the
disposition of, the 1,122,000,000.238 Shares held by Turkcell Holding, representing 51.0% of the
total number of Shares outstanding. Alfa Telecom Turkey shares such power to vote or direct the
vote, and to dispose of or direct the disposition of, the Shares held for the account of Turkcell
Holding with Cukurova Finance International by virtue of Alfa Telecom Turkeys and Cukurova Finance
Internationals joint ownership of Cukurova Telecom Holdings (in which Alfa Telecom Turkey holds a
49% ownership interest and Cukurova Finance International holds the remaining 51% interest) and the
provisions of the Shareholders Agreement. Reference is made to such statements on Schedule 13D or
Schedule 13G as have been or may be filed with the Securities and Exchange Commission by such
entities for information required by Item 2.
To the best of the Reporting Persons knowledge, other than certain of the Reporting Persons and
other than as noted in Annex A hereto, none of the persons named in Item 2 has the sole or shared
power to vote or direct the voting of, or to dispose or direct the disposition of, any Shares.
(c) Other than as described in Item 4, to the best of the Reporting Persons knowledge, there have
been no transactions effected with respect to any Shares during the past 60 days by any of the
persons named in response to Item 2.
(d) According to a review of the shareholders register of Turkcell Holding, Sonera Holding B.V. is
the holder of 47.09% of the shares of Turkcell Holding, and as such has the right to receive 47.09%
of any dividends from, or the proceeds from the sale of, the Shares held by Turkcell Holding.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby supplemented with the information reported in response to Item 4 hereto, which is
incorporated by reference in response to this Item 6.
Item 7. Material to be Filed as Exhibits
The Exhibit Index is incorporated herein by reference.
SCHEDULE 13D
Signature
After reasonable inquiry and to the best of their knowledge and belief, the undersigned
certify that the information set forth in this Amendment is true, complete, and correct.
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ALFA TELECOM TURKEY LIMITED |
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March 18, 2009 |
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/s/Pavel Nazarian
Signature
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Pavel Nazarian, Director |
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Name/Title |
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ALFA FINANCE HOLDINGS S.A. |
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March 18, 2009 |
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/s/Pavel Nazarian
Signature
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Pavel Nazarian, Attorney-in-Fact |
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Name/Title |
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OOO ALTIMO |
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March 18, 2009 |
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/s/Vera Bragina
Signature
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Vera Bragina, General Director |
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Name/Title |
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ALTIMO HOLDINGS & INVESTMENTS LIMITED |
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March 18, 2009 |
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Franz Wolf, Director |
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Name/Title |
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SCHEDULE 13D
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CTF HOLDINGS LIMITED |
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March 18, 2009 |
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Franz Wolf, Director |
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Name/Title |
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CROWN FINANCE FOUNDATION |
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March 18, 2009 |
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Franz Wolf, Attorney-in-Fact |
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Name/Title |
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SCHEDULE 13D
ANNEX A
Directors and Officers of Alfa Telecom Turkey Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Pavel Nazarian
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Director of headquarters -
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3, Bld du Prince Henri |
Director
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Alfa Finance Holdings S.A.
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L-1724 |
(Russia)
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Luxembourg |
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Aigul Nurmakhanova
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Managing Director, Visor Group
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246A Furmanova |
Director
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Street, Apt. 64, |
(Kazakhstan)
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Almaty, Kazakhstan |
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Marina Groenberg
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Chief Executive Officer, A&NN
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Ovchinnikovskaya nab. |
Director
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Advisor Limited
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20, build. 1, Moscow, |
(Russia)
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115035, Russia |
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Maria Gekko
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Managing Director,
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31, Novinsky Avenue, |
Director
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Visor Holding LLP
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Moscow, 123242, Russia |
(Russia)
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Joseph Luis Moss
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Company Executive, Alfa
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3 Bld du Prince |
Director
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Finance Holdings S.A.
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Henri, L-1724, |
(Gibraltar)
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Luxembourg |
Directors and Officers of Alfa Finance Holdings S.A.
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Petr Aven
Director
(Russia)
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President, OJSC Alfa-Bank
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9 Mashy Poryvaevoy Street,
107078 Moscow, Russia |
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Mikhail Fridman
Director
(Russia)
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Chairman of the Supervisory Board of Alfa Group
Consortium/Chairman of the Board of Directors of OJSC Alfa
Bank
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9 Mashy Poryvaevoy Street,
107078 Moscow, Russia |
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David Gould
Director
(United States)
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Deputy Director of Corporate Development, Finance and
Control for CTF Holdings Limited
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6 Sechenovskiy Pereulok,
Building 3, Floor 3,
119034 Moscow, Russia |
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Ildar Karimov
Director/Officer
(Russia)
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Chief Financial Officer Alfa Finance Holdings S.A.
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9 Mashy Poryvaevoy Street,
107078 Moscow, Russia |
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German Khan
Director
(Russia)
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Executive Director, OAO TNK-BP Management
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1, Arbat Street,
119019 Moscow, Russia. |
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Alexander Knaster
Director
(United States)
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Chief Executive Officer Pamplona Capital
Management
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25 Park Lane
London W1K 1RA, U.K. |
SCHEDULE 13D
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Andrei Kosogov
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Chairman of the
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32 Sadovaya Kudrinskaya, |
Director
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Advisory Committee,
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123001 Moscow, Russia |
(Russia)
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Altimo Holdings & |
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Investments Limited |
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Alexey Kuzmichev
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Member of the
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21 Novy Arbat Street, |
Director
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Supervisory Board,
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10th floor, office 1046, |
(Russia)
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Alfa Group
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121019 Moscow, Russia |
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Consortium |
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Pavel Nazarian
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Director of
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3, Bld du Prince Henri |
Officer (Russia)
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headquarters Alfa
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Luxembourg, L-1724 |
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Finance Holdings S.A. |
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Directors and Officers of OOO ALTIMO
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Vera Bragina
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General Director OOO ALTIMO
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21 Noviy Arbat Street, |
General Director
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GSP-2, Moscow, Russia |
(Russia)
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119992 |
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Svetlana Grigoryeva
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Chief Accountant OOO ALTIMO
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21 Noviy Arbat Street, |
Chief Accountant
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GSP-2, Moscow, Russia |
(Russia)
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119992 |
Directors and Officers of Altimo Holdings & Investments Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Geoffrey Piers Hemy,
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Director, Grand Financial Group Limited
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Cassandra Centre, Office 302, |
Director
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29 Theklas Lyssioti Street, |
(United Kingdom)
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Limassol, Cyprus |
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Georgia Karydes,
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Director, Administrator of Feldmans Management
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6 Nikou Georgiou Street, |
Director
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(Overseas) Limited
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Block C, Office 704, |
(Cyprus)
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Nicosia 1095, Cyprus |
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Olga Kichatova,
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Financial Director of MRO CTF Consultancy Ltd.
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3rd Floor, Building 3, |
Director
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6 Sechenovskiy Pereulok, |
(Russia)
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119034 Moscow, |
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Russia |
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Leonid Reznikovich, Chief Executive Officer
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Chief Executive Officer, Altimo
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11 Savvinskaya Nab., 119435 Moscow, Russia |
(Russia) |
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Marina Kushnareva,
Director
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Director, CTF Holdings Limited
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Suite 2 4 Irish Place, Gibraltar |
(Russia) |
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Franz Wolf,
Director
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Director, CTF Holdings Limited
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Suite 2 4 Irish Place, Gibraltar |
(Germany) |
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Directors and Officers of CTF Holdings Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Marina Kushnareva
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Director, CTF Holdings
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Suite 2, 4 Irish Place, |
Director (Russia)
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Limited
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Gibraltar |
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SCHEDULE 13D
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Name/Title/Citizenship |
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Principal Occupation |
|
Business Address |
Franz Wolf
Director (Germany)
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Director, CTF Holdings Limited
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Suite 2, 4 Irish Place, Gibraltar |
Directors and Officers of Crown Finance Foundation
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Christian Rosenow
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President of the Board
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Talacker 35, 8001 |
Director
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and CEO of CBR
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Zurich Switzerland |
(Switzerland)
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Privatinvest Ltd. |
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Dr. Norbert Seeger
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Attorney, Law Office of
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Am Schragen Weg 14, |
Director
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Dr. Norbert Seeger
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P.O. Box 1618, FL-9490 |
(Liechtenstein)
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Vaduz, Liechtenstein |
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Dr. Christian Zangerle
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Attorney, Law Office of
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Am Schragen Weg 14, |
Director
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Dr. Norbert Seeger
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P.O. Box 1618, FL-9490 |
(Austria)
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Vaduz, Liechtenstein |
Members of the Supervisory Board of the Alfa Group Consortium
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Petr Aven
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President, OJSC Alfa-Bank
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9 Mashy Poryvaevoy Street, |
(Russia)
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107078 Moscow, Russia |
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Alexander Fain
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Chief Executive Officer, OOO Alfa-Eco M
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12 Krasnopresnenskaya Nab. |
(Russia)
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CMT2, Entrance 7, |
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123610 Moscow, Russia |
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Mikhail Fridman
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Chairman of the Supervisory Board of Alfa Group
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9 Mashy Poryvaevoy Street, |
(Russia)
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Consortium/Chairman of the Board of Directors of OJSC
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107078 Moscow, Russia |
|
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Alfa Bank |
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German Khan
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Executive Director,
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1, Arbat Street, |
(Russia)
|
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OAO TNK-BP Management
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119019 Moscow, Russia |
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Lev Khasis
|
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Chief Executive Officer,
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Srednyaya Kalitnikovskaya |
(Russia)
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X5 Retail Group N.V.
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Street 28-4, |
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09029 Moscow, Russia |
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Andrei Kosogov
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Chairman of the Advisory Committee, Altimo Holdings &
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32 Sadovaya Kudrinskaya, |
(Russia)
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Investments Limited
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123001 Moscow, Russia |
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Alexey Kuzmichev (Russia)
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Member of the Supervisory Board, Alfa Group Consortium
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21 Novy Arbat Street,
10th floor, office 1046, 121019 Moscow, Russia |
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Nigel John Robinson
(United Kingdom)
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Director of Corporate Development, Finance and Control, CTF Holdings Ltd.
|
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Office 351, Floor 5, entrance 3, building 11, Bolshoi Savinskiy pereulok, 119435 |
|
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Alexey Reznikovich
(Russia)
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Chief Executive Officer, Altimo
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11 Savvinskaya Nab.,
119435 Moscow, Russia |
SCHEDULE 13D
|
|
|
|
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Name/Title/Citizenship |
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Principal Occupation |
|
Business Address |
Alexander Savin
(Russia)
|
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Managing Director, Investitsionnaya Kompaniya A-1
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12 Krasnopresnenskaya Nab., International Trade Center 2, Entrance 7, 123610 Moscow, Russia |
|
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Vladimir Ashurkov (Russia)
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Director of Corporate Development, Finance and Control - Alfa Group
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Office 351, Floor 5, entrance 3, building 11, Bolshoi Savinskiy pereulok, 119435 Moscow, Russia |
SCHEDULE 13D
EXHIBIT INDEX
Exhibit A Joint Filing Agreement, incorporated herein by reference to Exhibit A to Amendment
No. 1 to the Statement on Schedule 13D filed by Cukurova Telecom Holdings Limited, Alfa Telecom
Turkey Limited, Alfa Finance Holdings S.A., OOO ALTIMO, Altimo Holdings & Investments Limited,
CTF Holdings Limited, and Crown Finance Foundation with the Securities and Exchange Commission on
August 15, 2006.
Exhibit B Sale and Purchase Agreement, dated 17 March 2009, between Alfa Holdings S.A. and Nadash
International Holdings Inc.
Exhibit C Sale and Purchase Agreement, dated 17 March 2009, between Alfa Finance Holdings S.A.
and Henri Services Limited.
Exhibit D Shareholders Agreement, dated 17 March 2009, among Alfa Finance Holdings S.A., Nadash
International Holdings Inc., Henri Services Limited and Alfa Telecom Turkey Limited.
Exhibit E A Power of Attorney authorizing Franz Wolf to sign this Amendment No. 4 on behalf of
Crown Finance Foundation.
Exhibit F A conformed copy of the Power of Attorney authorizing Pavel Nazarian to sign Amendments
to Schedule 13D on behalf of Alfa Finance Holdings S.A., incorporated herein by reference to
Exhibit B to the Statement on Schedule 13D filed by Cukurova Telecom Holdings Limited, Alfa Telecom
Turkey Limited, Alfa Finance Holdings S.A., CTF Holdings Limited, and Crown Finance Foundation with
the Securities and Exchange Commission on December 5, 2005.