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In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights on Kyivstar
GlobeNewswire News Room· 2024-12-03 09:00
Court Decision and Corporate Rights - The Shevchenkivskyi District Court of Kyiv unfroze VEON's corporate rights in Kyivstar and other Ukrainian subsidiaries, including Ukraine Tower Company, KyivstarTech, and Helsi [1][2] - This decision reflects Ukraine's commitment to the rule of law and protection of international investors' rights [2] - The unfreezing removes a source of concern for VEON's investors and enables accelerated business partnerships in Ukraine [4] VEON's Strategic Direction - VEON aims to create further value in Kyivstar by exploring ways to attract international and local investors [5] - Kyivstar is highlighted as the sole Ukrainian investment theme on the U S listed equity market through VEON's Nasdaq listing [5] VEON's Global Presence - VEON is a NASDAQ-listed digital operator serving nearly 160 million customers across six countries, representing over 7% of the world's population [7] - The company focuses on providing connectivity and digital services to drive economic growth and transform lives [7] Investor Confidence - VEON expresses gratitude to investors for their continued confidence and support during the period of frozen corporate rights [3] - The court ruling is seen as a win-win for VEON's investors, Kyivstar, and Ukraine, enhancing the country's appeal as an investment destination [4]
VEON Shares Now Trade Exclusively on Nasdaq in New York
GlobeNewswire News Room· 2024-11-25 15:00
Company Strategy - VEON consolidates its share trading on the Nasdaq Capital Market in New York, ceasing trading on Euronext Amsterdam to enhance liquidity and simplify reporting [1][2] - The move to Nasdaq is part of VEON's strategy to improve accessibility for current and potential investors, focusing on growth in dynamic frontier markets [3] - VEON plans to relocate its Group headquarters to Dubai, increasing visibility for Gulf investors and becoming the largest Nasdaq-listed company with a Dubai headquarters [4] Shareholder Information - VEON's common shares will continue to be traded on Nasdaq as American depositary shares (ADSs), with each ADS representing 25 common shares under the ticker symbol VEON [4] - Euronext Amsterdam shareholders can deposit their Common Shares with The Bank of New York Mellon in exchange for ADSs, with VEON covering ADS issuance fees until 6 December 2024 [5] Company Overview - VEON is a Nasdaq-listed digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [7] - The company focuses on technology-driven services that empower individuals and drive economic growth in its operating regions [7]
VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with Audited Financial Statements for Year Ended 31 December 2023
GlobeNewswire News Room· 2024-11-21 13:30
Amsterdam and Dubai, November 21, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, (“VEON” or the “Company” or together with its subsidiaries, the “Group”), today published the 2023 Dutch Annual Report for its wholly-owned subsidiary VEON Holdings B.V., which includes audited consolidated financial statements for the year ended December 31, 2023. A copy of the VEON Holdings B.V. 2023 Dutch Annual Report can be found on the Financial Results section of VEON website: http ...
VEON on Track to Consolidate Trading on Nasdaq in New York, Last Day on Euronext Amsterdam is Tomorrow
GlobeNewswire News Room· 2024-11-21 08:00
Amsterdam and Dubai, 21 November 2024: VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today confirms that, as previously announced, its shares will cease trading on the Euronext Amsterdam at the close of trading tomorrow, 22 November 2024 (the “Last Trading Date”), and that the delisting of its common shares from trading on Euronext Amsterdam (the “Euronext Amsterdam Delisting”) will be effective from Monday, 25 November 2024. As it moves to consolid ...
More Upside In VEON Due To Strong MultiUser And Direct Digital Revenue Growth
Seeking Alpha· 2024-11-20 05:32
Stock Performance - VEON Ltd shares have rallied approximately 36% and 25% since the initial upgrade to a 'Buy' rating in May and the reiterated bullish stance in late July [1] Investment Strategy - The investment approach focuses on buying undervalued profitable stocks with strong balance sheets and minimal debt [2] - Additional income is generated by writing calls against positions when opportunities arise [2] - Risk management is implemented through position sizing and the use of trailing stop losses over time [2]
GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uzbekistan and Uzbekistan's Ministry of Digital Technologies
GlobeNewswire News Room· 2024-11-19 14:29
Amsterdam, Dubai and Tashkent, 19 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today announces that its subsidiary Beeline Uzbekistan has signed a Memorandum of Understanding (MoU) with the GSMA and the Ministry of Digital Technologies of the Republic of Uzbekistan to hold M360 Eurasia 2025 in Tashkent on 20-21 May 2025.  The signing ceremony took place during M360 MENA 2024 in Doha, Qatar. Presented by the GSMA, M360 is a series o ...
VEON Receives License for its Branch Office in Dubai International Financial Centre
GlobeNewswire News Room· 2024-11-15 11:30
Amsterdam and Dubai, 15 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, ("VEON" or the "Group"), announces that it has completed the registration of and received the commercial license for its branch office in Dubai International Finance Centre (“DIFC”). “We are pleased to receive the necessary licenses from Dubai authorities for our branch office. These approvals enable us to upgrade our presence in Dubai in line with our plans to move VEON’s headquarters to ...
VEON .(VEON) - 2024 Q3 - Quarterly Report
2024-11-14 13:07
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VEON appoints UHY LLP as auditors for VEON Group's 2024 PCAOB Audit
GlobeNewswire News Room· 2024-11-13 07:00
Amsterdam and Dubai, 13 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, ("VEON" or, together with its subsidiaries, the "Group"), announces that the VEON Board of Directors has re-appointed UHY LLP (“UHY”) as the independent registered public accounting firm for the audit of the Group's consolidated financial statements for the year ended December 31, 2024 in accordance with the standards established by the Public Company Accounting Oversight Board, United Stat ...
VEON Elevates its Youth Offering Through Banglalink's AI-Powered Lifestyle App RYZE
GlobeNewswire News Room· 2024-11-11 06:00
Amsterdam, Dubai and Dhaka - 11 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, announces that Banglalink, its digital operator in Bangladesh, has launched RYZE, a comprehensive digital lifestyle app tailored to engage Bangladesh’s emerging generation featuring AI-powered personalization. Over 48% of Bangladesh’s 175 million people are under the age of 25, according to the Bangladesh Bureau of Statistics. As a digital operator providing mobile connectivity and a ...