VEON to Proceed with USD 35 Million Share Buyback

Core Viewpoint - VEON Ltd. is initiating the second phase of its share buyback program, amounting to USD 35 million, as part of a larger USD 100 million program aimed at optimizing shareholder value and strengthening its financial position [1][2]. Group 1: Share Buyback Program - The second phase of the share buyback program follows the completion of the first phase, which was USD 30 million and concluded on January 27, 2025 [2]. - The total share buyback program was approved by VEON's Board of Directors on July 31, 2024, with a maximum amount of USD 100 million [2]. - The buybacks will be executed on the open market under a 10b5-1 plan and in compliance with Rule 10b-18, with decisions influenced by liquidity, market conditions, and legal requirements [3]. Group 2: Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, representing over 7% of the global population [4]. - The company focuses on technology-driven services that enhance individual empowerment and stimulate economic growth [4]. - VEON is listed on NASDAQ and is headquartered in Dubai [4].