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VEON Announces 2024 AGM and Board Nominees

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VEON announces its 2024 Annual General Meeting of Shareholders (AGM) on 31 May 2024 with a record date of 25 April 2024. The Board recommends seven nominees for appointment, including Michael R. Pompeo and the current CEO, Kaan Terzioglu. The Company faces challenges in appointing an auditor for the financial period ending 31 December 2024 due to changes in its asset portfolio. The AGM agenda includes the ratification of PwC for the audit of financial statements.
VEON annuncia la sua Assemblea Generale Annuale degli Azionisti (AGM) per il 31 maggio 2024 con data di registrazione fissata al 25 aprile 2024. Il Consiglio raccomanda la nomina di sette candidati, tra cui Michael R. Pompeo e l'attuale CEO, Kaan Terzioglu. La società incontra difficoltà nella nomina di un revisore per il periodo finanziario che termina il 31 dicembre 2024 a causa di modifiche nel portafoglio di asset. L'agenda dell'AGM include la ratifica di PwC per la revisione dei bilanci.
VEON anuncia su Asamblea General Anual de Accionistas (AGM) el 31 de mayo de 2024 con una fecha de registro del 25 de abril de 2024. La junta recomienda siete candidatos para su nombramiento, incluidos Michael R. Pompeo y el actual CEO, Kaan Terzioglu. La compañía enfrenta desafíos para designar un auditor para el periodo financiero que finaliza el 31 de diciembre de 2024 debido a cambios en su cartera de activos. La agenda de la AGM incluye la ratificación de PwC para la auditoría de los estados financieros.
VEON은 2024년 5월 31일에 주주총회(AGM)를 개최한다고 발표했습니다. 기록일은 2024년 4월 25일입니다. 이사회는 마이클 R. 폼페이오와 현 CEO 칸 테르지오글루를 포함한 일곱 명의 후보자를 추천합니다. 회사는 자산 포트폴리오의 변화로 인해 2024년 12월 31일로 끝나는 회계 기간의 감사인을 임명하는 데 어려움을 겪고 있습니다. AGM의 의제에는 재무제표 감사를 위한 PwC의 확인이 포함됩니다.
VEON annonce son Assemblée Générale Annuelle des Actionnaires (AGM) le 31 mai 2024 avec une date d'enregistrement fixée au 25 avril 2024. Le conseil recommande la nomination de sept candidats, y compris Michael R. Pompeo et l'actuel PDG, Kaan Terzioglu. L'entreprise rencontre des défis pour nommer un auditeur pour la période financière se terminant le 31 décembre 2024 en raison de changements dans son portefeuille d'actifs. L'ordre du jour de l'AGM inclut la ratification de PwC pour l'audit des états financiers.
VEON kündigt seine jährliche Hauptversammlung der Aktionäre (AGM) am 31. Mai 2024 mit einem Stichtag am 25. April 2024 an. Der Vorstand empfiehlt sieben Kandidaten zur Ernennung, einschließlich Michael R. Pompeo und dem aktuellen CEO Kaan Terzioglu. Das Unternehmen steht vor Herausforderungen bei der Ernennung eines Prüfers für das Geschäftsjahr, das am 31. Dezember 2024 endet, aufgrund von Änderungen im Vermögensportfolio. Die Tagesordnung der AGM umfasst die Ratifizierung von PwC für die Prüfung der Finanzberichte.
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Amsterdam, 24 April 2024 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, (“VEON” or the “Company”), has today announced that its Board of Directors (“Board”) has set the date for the Company’s 2024 Annual General Meeting of Shareholders (the “AGM”) for 31 May 2024. The record date for the AGM has been set for 25 April 2024.

The Board and its Remuneration and Governance Committee have recommended seven individuals for appointment to the Board at the AGM, including four directors currently serving on the Board as well as nominees by statutory requisition from shareholders holding in excess of 5% of our issued share capital. The recommended nominees are Augie Fabela, Andrei Gusev, Sir Brandon Lewis, Duncan Perry, former U.S. Secretary of State Michael R. Pompeo (who currently serves as a member of the Kyivstar Supervisory Board), Michiel Soeting, and Kaan Terzioglu, the Company’s current CEO.  

Karen Linehan, Yaroslav Glazunov and the current Chairman of the Board Morten Lundal chose not to stand for re-election. The Board thanks them for their contributions and services to the Company. The incoming Board will elect a new Chair at the inaugural Board meeting following the upcoming AGM.

Commenting on the slate of director nominees, the Chairman of the Remuneration and Governance Committee Augie Fabela stated: "We are thrilled to recommend seven exceptional individuals for appointment to the Board at the upcoming AGM, representing a diverse range of expertise and perspectives. These nominees, including both current Board members and those nominated by minority shareholders, embody the commitment to excellence and strategic vision that defines VEON. We extend our gratitude to outgoing Chairman Morten Lundal, Karen Linehan, and Yaroslav Glazunov for their invaluable contributions to the Company."

The Company will lay unaudited financial statements of the Company for the financial year ended 31 December 2023 before shareholders at the AGM, but is not yet able to seek shareholder approval for the appointment of an auditor for the financial period ending 31 December 2024, due to the previously disclosed difficulties that the Company has faced in identifying a suitable auditor as a result of the material changes in the Group’s portfolio of assets over the past 12 months. The Board intends to convene a special general meeting for the laying of the audited financials and appointment of an auditor in due course.

In addition to the election of Board members, the AGM agenda includes the ratification of the appointment of PricewaterhouseCoopers Accountants N.V. (“PwC”) for the audit of the Company’s consolidated financial statements for the year ended December 31, 2023 in accordance with International Standards on Auditing (the “ISA Audit”), as well as proposals to amend certain sections of the Company’s bye-laws approved by shareholders on 10 June 2021 (as amended by special resolutions passed on 29 June 2023) to correct a legacy formatting error and standardize the wording enabling the Board to convene electronic meetings of shareholders.

Further details on the agenda for the AGM and the ratification of PwC for the ISA Audit, summary biographies on the slate of nominees seeking election to the Board, the proposals to amend the Company’s bye-laws and procedural matters related to the Company’s AGM and voting thereat will be made available through an official notice distributed by VEON to its registered shareholders of record prior to the meeting.

About VEON
VEON is a global digital operator provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext. For more information visit: https://www.veon.com.

Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Contact information

VEON
Investor Relations
Faisal Ghori
ir@veon.com



FAQ

When is VEON's 2024 Annual General Meeting of Shareholders (AGM) scheduled?

VEON's 2024 AGM is scheduled for 31 May 2024 with the record date set for 25 April 2024.

Who are the recommended nominees for appointment to the Board at the AGM?

The recommended nominees for appointment to the Board at the AGM include Michael R. Pompeo, Kaan Terzioglu, and five other individuals with diverse expertise and perspectives.

Why is the Company facing challenges in appointing an auditor for the financial period ending 31 December 2024?

VEON is facing difficulties in appointing an auditor due to material changes in the Group's portfolio of assets over the past 12 months.

What is included in the AGM agenda besides the election of Board members?

The AGM agenda includes the ratification of PricewaterhouseCoopers Accountants N.V. for the audit of the Company's consolidated financial statements for the year ended December 31, 2023, and proposals to amend certain sections of the Company's bye-laws.

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