Annuncio • Oct 22
VEON Commences its Delisting from Euronext Amsterdam to Consolidate its Trading on Nasdaq in New York VEON Ltd. (‘VEON’ or the ‘Company’) announced that it has commenced the process for the delisting of its common shares from trading on Euronext Amsterdam (the ‘Euronext Amsterdam Delisting’), following the approval of Euronext Amsterdam. The Company’s last day of trading on Euronext Amsterdam will be 22 November 2024 (the ‘Last Trading Date’) and the delisting will be effective from 25 November 2024. With this move, VEON will consolidate the trading of its shares on the Nasdaq Capital Market (‘Nasdaq’), which will be the platform for the trading of VEON’s American depositary shares, each representing 25 Common Shares (the ‘ADSs’). Following the Last Trading Date, all public trading of equity securities in the Company will take place on Nasdaq under ticker symbol VEON. ‘Our decision to consolidate our trading on Nasdaq aligns with our long-term strategy and the best interests of our investors. This move will strengthen VEON’s liquidity and simplify our reporting processes,’ said Kaan Terzioglu, VEON Group Chief Executive Officer. ‘VEON’s continued listing on Nasdaq, combined with our recently announced plan to relocate our headquarters, which will make us the largest Nasdaq-listed company headquartered in Dubai, underscores our strategic commitment to lead the way for investors seeking growth in frontier markets.’ VEON is committed to ensuring a smooth and equitable transition for its Euronext Amsterdam shareholders. On or before the Last Trading Date, shareholders that do not hold a number of Common Shares corresponding to a multiple of 25 can sell or purchase Common Shares so that they hold a number of Common Shares that is a precise multiple of 25, allowing for the issue of the corresponding number of ADSs. The Company is also providing an opportunity for shareholders to deposit their Common Shares with the Company’s depositary, The Bank of New York Mellon, in exchange for delivery of ADSs. For those shareholders who deposit their Common Shares during the period from the day after the date of this announcement through the Last Trading Date, the Company will pay the ADS issuance fees. Existing holders of ADSs not also holding Common Shares on Euronext Amsterdam do not need to take any action in relation to the Euronext Amsterdam Delisting. Annuncio • Oct 21
Shah Capital Provides Information to Shareholders On October 21, 2024, Shah Capital Management, Inc stated that it is disappointed that VEON Ltd.’s share price continues to languish at ~2.5X EV/EBITDA valuation even with a deleveraged pristine balance sheet, strong recent operating growth metrics and impressive operating outlook as was presented by management on Company Investor Day in June 2024, and pointed out the reasons for that low valuation. In addition, Shah Capital requested the Company directors and management its road map to $160 share price or 5.5X EV/EBITDA valuation by 2026, and a faster execution of its strategic roadmap should be implemented as soon as possible. Annuncio • Oct 16
VEON Announces CEO Changes of Beeline Uzbekistan VEON appointed Andrey Pyatakhin as the incoming CEO of - Beeline Uzbekistan. Amsterdam and Tashkent, 14 October 2024: VEON Ltd., a global digital operator, announces that Andrey Pyatakhin has been appointed as the incoming CEO of Beeline Uzbekistan following a decision by current Beeline Uzbekistan CEO Andrzej Malinowski to step down by the end of November 2024. The incoming CEO of Beeline Uzbekistan, Andrey Pyatakhin, joined VEON Group in 2001. In his more than 20 years with VEON Group, Andrey has served in various capacities, including as the CEO of Beeline Georgia, CEO of Beeline Armenia and most recently as the CEO of Beeline Kyrgyzstan. Andrey completed the Advanced Management program at Harvard Business School. Andrzej Malinowski has been at the helm of Beeline Uzbekistan since March 2021. Andrzej has been with VEON Group since 2017, previously serving as the CEO of Beeline Georgia. Following fifteen years living outside of his home country of Poland, including the last seven with VEON, Andrzej is passing the mantle to Andrey to spend more time with his family. Beeline Uzbekistan has advanced at an impressive pace under Andrzejs leadership, reporting 12 consecutive quarters of double-digit local currency revenue growth. Annuncio • Aug 02
VEON Announces Intention to Voluntarily Delist from Euronext Amsterdam VEON Ltd. (the ‘Company’) announced its intention to voluntarily delist from Euronext Amsterdam (the ‘Delisting’). The company announced that it intends to initiate a buyback program for up to USD 100 million with respect to its American Depositary Shares (‘ADS’) following the Delisting. The Delisting and the resulting sole listing on Nasdaq, a leading global index for technology companies, will simplify and streamline the Company's reporting requirements. The company expects the Delisting process to take place in the fourth quarter of 2024, following and subject to the filing of its annual report on Form 20-F (the ‘20-F’). Further information about the process will be released following the filing of the 20-F, with a period of 30 to 40 days from the date of that announcement until the date of the Delisting. VEON anticipates that the Delisting will be in the best interests of the Company as a whole, including both its current and potential investors; and would like to thank its Euronext Amsterdam investors for their support. The Company will endeavour to ensure a smooth transition for its shareholders during the Delisting process. Annuncio • Jul 10
VEON Ltd. Receives Extension by Nasdaq for 20-F Filing VEON Ltd. confirmed that Nasdaq has accepted the Company’s plan submitted May 29, 2024 to regain compliance in connection with the delayed filing of its Annual Report on Form 20-F for the year ended December 31, 2023. Nasdaq has granted the Company an exception, enabling it to regain compliance with the listing rules by filing its 2023 20-F on or before November 11, 2024. VEON had previously reported that it would be delayed in its filing of its 2023 20-F due to extraordinary circumstances related to the war in Ukraine and the sale of its Russian operations which impacted its ability to appoint an independent Public Company Accounting Oversight Board (“PCAOB”) registered audit firm; and announced that it had received notice from Nasdaq that it was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). Since that time, the Company has also announced it has appointed UHY LLP (“UHY”) as its PCAOB auditors for the 2023 20-F. The Company’s plan to regain compliance has now been accepted by the Listing Qualifications Department of The Nasdaq Stock Market, which granted the Company an exception for its delayed 2023 20-F filing. The Company confirms that, as previously announced, it continues to work diligently together with UHY in order to complete and file its 2023 20-F in the fourth quarter of 2024. Annuncio • May 30
Dar agreed to acquire 49% stake in TNS Plus Corporation from VEON Ltd. (NasdaqCM:VEON) for $140 million. Dar agreed to acquire 49% stake in Tns-plus Llp from VEON Ltd. (NasdaqCM:VEON) for $140 million on May 28, 2024. The consideration consists of $137.5 million in cash. As part of the consideration, $137.5 million was paid towards common equity. The closing of the transaction is subject to customary regulatory approvals in Kazakhstan. Annuncio • May 03
VEON Ltd. announced delayed 20-F filing On 05/01/2024, VEON Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Annuncio • Apr 27
VEON Ltd., Annual General Meeting, May 31, 2024 VEON Ltd., Annual General Meeting, May 31, 2024, at 13:00 Central European Standard Time. Agenda: To consider unaudited financial statements of the Company for the financial year ended 31 December 2023; to consider appointment of an auditor for the financial period ending 31 December 2024; to consider the ratification of the appointment of PricewaterhouseCoopers Accountants N.V. (“PwC”) for the audit of the Company’s consolidated financial statements for the year ended December 31, 2023; and to consider other matters. Annuncio • Apr 25
VEON Announces Board Changes VEON Ltd. announced that Karen Linehan, Yaroslav Glazunov and the current Chairman of the Board Morten Lundal chose not to stand for re-election at the AGM to be held on 31 May 2024. Annuncio • Mar 23
VEON Ltd. Provides Earnings Guidance for the Full Year 2024 VEON Ltd. provided earnings guidance for the full year 2024. For the year, the company expects revenue guidance of 16-18% growth in local currency. Annuncio • Nov 21
VEON Ltd. Revises Earnings Guidance for the Year 2023 VEON Ltd. revised earnings guidance for the year 2023. The company raised its full-year local currency revenue growth guidance from 16-19% to 18-20%. Annuncio • Nov 01
Shah Capital Engages in Discussions with Veon Ltd On October 31, 2023, Shah Capital Management announced that consistent with its investment research methods and evaluation criteria it has discussed, engaged with and may continue to discuss such matters with Veon Ltd’s management or the Board of Directors, other stockholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit, and other investors. Annuncio • Oct 10
VEON Get Closer to Exiting Its Anchor Asset Russian Mobile Major Vimpelcom Through Management Buyout VEON Ltd. (NasdaqCM:VEON) is getting closer to exiting its anchor asset Russian mobile major Public Joint Stock Company Vimpel-Communications (VimpelCom) through a management buyout (MBO) in a cashless deal, Kommersant daily reported citing unnamed sources close to the deal. To remind, at the end of 2022 the Netherlands-based Russian mobile and TMT major VEON had agreed on a RUB 130 billion ($2.15 billion) management buyout (MBO) of its Russian division VimpelCom that operates under the Beeline brand in Russia. But the deal got bogged down as the government and the central bank reportedly opposed the deal's treatment of outstanding holding's debt to Russian bondholders, as well as shifting the leverage on the Russian division after the split. Veon is 47.9% owned by LetterOne, an investment vehicle of Alfa Group shareholders Mikhail Fridman, German Khan and Alexei Kuzmichev, all under sanctions. LetterOne owns 47.9% of Veon shares, the holding's free float on NASDAQ is 43.8%, and another 8.3% is managed by a Dutch trust. Annuncio • Aug 05
VEON Ltd. Raises Earnings Guidance for the Year 2023 VEON Ltd. raised earnings guidance for the year 2023. For the year 2023, the company expects local currency guidance for revenue growth of 16%-19%. Annuncio • Aug 01
VEON Ltd. Appoints Faisal Ghori as Group Director Investor Relations VEON Ltd. announced that Faisal Ghori has been appointed as its new Group Director Investor Relations. Faisal Ghori will join VEON effective August 1st, based in Dubai, and will report to the VEON Group CFO Joop Brakenhoff. As VEON accelerates its growth, meeting the increased demand of digitalization in the emerging economies, Faisal will enhance the Group’s engagement with current and potential new investors from around the world, leading VEON’s Investor Relations team. Nik Kershaw, who has successfully led VEON’s Investor Relations function for the past 4 years, has decided to step down from the role for personal reasons, and will continue to support VEON during a transition period. Faisal Ghori brings a wealth of experience to VEON with nearly two decades of experience in investment funds and banks, where he has managed investments in emerging and frontier markets, devised investment strategies and lead research. He was most recently the Director of Research and Portfolio Manager for Global Emerging Markets at Consilium Investment Management, a US asset manager. He has an MBA from the Kellogg School of Management at Northwestern University and holds a BA from University of California at Berkeley. Annuncio • Jun 14
VEON Granted Extension by Nasdaq for 20-F Filing VEON Ltd. confirmed that Nasdaq has accepted the Company’s plan submitted May 8,2023 to regain compliance in connection with the delayed filing of its Annual Report on Form 20-F for the year ended December 31, 2022. Nasdaq has granted the Company an exception, enabling it to regain compliance with the listing rules by filing its 2022 20-F by October 30, 2023. VEON had previously reported that it would be delayed in its filing of 2022 20-F due to extraordinary circumstances in 2022; and announced that it had received notice from Nasdaq that it was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Company’s plan to regain compliance, shared with Nasdaq in the days following the notice, was accepted by the Listing Qualifications Department of The Nasdaq Stock Market, which granted the Company an exception for delayed filing. The Company confirms that, as previously announced, it continues to work diligently together with its independent external auditor in order to complete and file its 2022 20-F as soon as possible. Annuncio • May 24
VEON Ltd., Annual General Meeting, Jun 29, 2023 VEON Ltd., Annual General Meeting, Jun 29, 2023, at 13:00 Central European Standard Time. Location: Claude Debussylaan 88, 1082 MD Amsterdam Netherlands Agenda: To consider appointments to the Board; to consider the laying of the Company’s financial statements for the period ending 31 December 2022; to consider amendments to two sections of the Company’s Bye-Laws approved by shareholders on 10 June 2021; and to consider other matters. Annuncio • May 08
VEON Receives Nasdaq Notice on Delayed Filing of 2022 Annual Report VEON Ltd. confirmed that on May 3, 2023 it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on Form 20-F for the year ended December 31, 2022 (the “2022 20-F”) as indicated in the Company’s Notification of Late Filing on Form 12b-25 filed with the with the U.S. Securities and Exchange Commission on May 2, 2023, the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). As the Company has previously reported in its Notification of Late Filing, due to extraordinary circumstances it was not able to engage an independent auditor for the year ended December 31, 2022 on a normal timeframe, and has recently confirmed the appointment of its independent external auditor for 2022. As a result, VEON is unable to file its Form 20-F within the prescribed time as VEON requires additional time to complete VEON’s consolidated financial statements, and, subsequently, receive the related audit report on the financial statements and internal control over financial reporting. The Company has also submitted on May 08, 2023 to Nasdaq its plan to regain compliance, which includes working diligently together with its independent external auditor in order to complete and file its 2022 20-F. Following submission of the Company's plan to Nasdaq, Nasdaq may grant the Company an exception of up to 180 calendar days from the due date, or until October 30, 2023, to regain compliance. The notification has no immediate effect on the continued listing status of VEON’s American Depositary shares (“ADSs”) on Nasdaq and its ADSs will continue to trade on The Nasdaq Capital Market. Furthermore, VEON’s business operations are not affected by the receipt of the notification. Annuncio • Feb 09
Senior management of PJSC Vimpelcom agreed to acquire Russian Operations of VEON from VEON Ltd. (NasdaqCM:VEON). Senior management of PJSC Vimpelcom agreed to acquire Russian Operations of VEON from VEON Ltd. (NasdaqCM:VEON) on February 7, 2023. The transaction is expected to close by June 1, 2023. The Russian Antimonopoly Service has already approved the transaction. 
