VEON Ltd. ADS - VEON STOCK NEWS

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has appointed two new senior executives to its Group Leadership Team in Dubai. Anand Ramachandran joins as Chief of Staff to the Group CEO, while Inanc Cakiroglu becomes the Group Chief Information Officer (CIO). Both will report to Group CEO Kaan Terzioglu and be based in VEON's expanding Dubai operational hub.

Ramachandran, with nearly 30 years of experience in global financial markets and investor relations, will lead VEON's Investor Relations team and strategic initiatives. Cakiroglu brings over 20 years of expertise in AI, data science, and software development, and will work closely with VEON's technology companies and lead the Group Cybersecurity function.

These appointments align with VEON's ambitious three-year growth plan, focusing on digital big bets, consumer and enterprise services, and making various business verticals visible to global investors.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has announced that its VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices (CEMBI, JACI and JSEG) at the end of September 2024. This inclusion is seen as a positive development for the company and its investors, providing a unique opportunity for international investors to participate in the growth opportunity in Central and South Asia.

The CEMBI index, launched by J.P. Morgan in 2007, is a benchmark index tracking US-dollar denominated corporate bonds issued by emerging market companies. It typically includes around 80 bonds from 60 issuers across 16 countries. The J.P. Morgan Asia Credit Index (JACI) is an all-inclusive benchmark tracking liquid, US-dollar denominated debt instruments issued out of the Asia ex-Japan region.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, and its subsidiary Kyivstar participated in the 2024 Yalta European Strategy (YES) Annual Meeting in Kyiv. The VEON delegation, including Board Chairman Augie Fabela and former US Secretary of State Mike Pompeo, emphasized the importance of Western support for Ukraine's future and the private sector's role in reconstruction.

VEON reaffirmed its commitment to invest USD 1 billion in Ukraine's telecommunication and digital infrastructure from 2023 to 2027. Kyivstar, VEON's wholly owned subsidiary, was named the top international investor in Ukraine for 2022 and 2023. The company highlighted its role in keeping Ukrainians connected and building energy-resilient solutions for uninterrupted communication services.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) announces that its Group General Counsel, Omiyinka Doris, has been named one of the world's top 15 in-house legal leaders by the Financial Times (FT). The FT's annual list recognizes senior in-house lawyers who excel in responding to changing demands and navigating geopolitical complexities.

Omiyinka and VEON's legal team played a crucial role in the company's transition to a high-growth digital operator serving emerging markets, following its exit from Russia and decision to continue operations in Ukraine. The FT highlighted Omiyinka's leadership in ensuring compliance with stakeholder obligations and securing seven licenses from five jurisdictions for VEON's complete exit from Russia.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON) has announced the vesting of a conditional incentive award to its Group CEO, Kaan Terzioglu, under the company's 2021 Long Term Incentive Plan (LTIP). The award, granted on January 10, 2024, comprised 3,201,250 common shares and was subject to performance targets, which have been successfully met. Due to VEON's current lack of available registered securities, the settlement terms have been amended to include both cash and equity components:

1. Cash Payment: A gross payment of USD 500,000 was made in August 2024.
2. Equity Payment: 2,729,000 common shares (109,160 ADSs) will be transferred by August 31, 2025.

Mr. Terzioglu is now the beneficial owner of these shares but will not hold them directly until the 2025 transfer to comply with selling restrictions.

VEON 's subsidiary Kyivstar has been recognized as the fifth largest private sector investor in Ukraine for 2022-2023 by New Voice of Ukraine. This follows a similar ranking by Forbes Ukraine, solidifying VEON's position as the top international investor in the country. Kyivstar's investments totaled UAH 13.4 billion (approximately USD 326 million), focusing on:

1. Expanding 4G coverage to 95.5% of Ukrainian-controlled territory
2. Building 5,600 new 4G base stations and upgrading 15,000 from 3G to 4G
3. Investing UAH 1.4 billion in network energy resilience
4. Acquiring a controlling stake in Helsi, Ukraine's leading digital healthcare platform
5. Donating UAH 1.8 billion to social causes since 2022

VEON has committed to a USD 1 billion investment in Ukraine's future, aiming to provide state-of-the-art connectivity and expand essential digital services.

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) announces that its digital operator Beeline Kazakhstan, through its Corporate Foundation Zhyly Zhurek, is supporting digital skills development in Kazakhstan. The foundation has inaugurated a newly-constructed secondary school in Shelek village, near Almaty, equipped with high-end technology facilities. The school will serve over 900 children and features a state-of-the-art computer lab, workshops, laboratories, and sports facilities.

Zhyly Zhurek, established in November 2023, allocates 1% of Beeline Kazakhstan's annual revenue to CSR programmes. The foundation's school development project was recognized as the "Best CSR Project" by the Eurasian Business Association of Kazakhstan. To date, the programme has invested in refitting eight rural schools, benefiting nearly 5,000 children across Kazakhstan.

VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator providing converged connectivity and online services, has disclosed its unaudited interim condensed consolidated financial statements for the six-month period ended 30 June 2024. This disclosure follows the release of VEON's 2Q24 trading update on 8 August 2024. The company has also published its interim report for the same period, which includes updated risk factors disclosure. This update allows investors to better understand the current risks facing VEON and how the company manages them, as it has been over a year since the last risk factors disclosure in VEON's 2022 Annual Report. The financial statements and interim report are available on the VEON Group website.

VEON announces that Tamasha, Pakistan's largest home-grown streaming platform, has secured international streaming rights for Pakistan's cricket matches against Bangladesh and England. This marks Tamasha's entry into international streaming, expanding its reach to sub-Saharan Africa and India. Launched by Jazz in 2021, Tamasha boasts 18 million monthly active viewers and holds exclusive streaming rights for 2024-2025 ICC tournaments in Pakistan.

During the ICC Men's T20 Cricket World Cup 2024, Tamasha recorded 70% of all digital views, peaking at 9 million daily active users. The platform has attracted over 50 international and local advertisers, positioning it as a top choice for brand partnerships in Pakistan's digital space. VEON Group, through its digital operators, offers various digital products across entertainment, financial services, health, and education, serving 111 million total monthly active users across its digital services and platforms.