VEON Approves Launch of the Initial USD 30 Million Phase of its Share Buyback Program
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
Company Research
Source: GlobeNewswire
Dubai and Amsterdam, 9 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that its Board of Directors has approved the commencement of the first phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares (“ADS”). This first phase of the buyback will be in the amount of up to USD 30 million. This USD 30 million first phase is part of VEON’s larger plan to execute a share buyback program of up to USD 100 million. The buybacks will be conducted on the open market pursuant to a 10b5-1 plan signed with a registered broker-dealer, and in compliance with Rule 10b-18. As stated in VEON’s announcement on 1 August 2024, the Company believes that its ADSs are undervalued relative to its operational performance and strategic potential. By repurchasing ADSs, VEON aims to optimize shareholder value and strengthen its financial position for future opportunities. Kaan Terzioglu, CEO
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News
- VEON Completes the Move of its Headquarters to Dubai [Yahoo! Finance]Yahoo! Finance
- VEON Completes the Move of its Headquarters to DubaiGlobeNewswire
- VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024GlobeNewswire
- Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024GlobeNewswire
- Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode [Yahoo! Finance]Yahoo! Finance
VEON
Sec Filings
- 12/19/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- VEON's page on the SEC website