Workflow
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights on Kyivstar
VEONVEON .(VEON) 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]