VEON appoints PricewaterhouseCoopers Accountants N.V. as auditors for VEON Group

Rhea-AI Summary

VEON Ltd. has appointed PricewaterhouseCoopers Accountants N.V. as auditors for the Group's consolidated financial statements for the year ended December 31, 2022. This follows an earlier announcement on January 11, 2023, regarding PwC's appointment as the Dutch statutory financial auditors. The audit will adhere to the standards set by the Public Company Accounting Oversight Board in the U.S.

VEON, headquartered in Amsterdam, serves over 200 million customers across seven markets, emphasizing digital inclusion and economic growth. The company is listed on Nasdaq and Euronext Amsterdam.

Positive

• Appointment of PwC may enhance the credibility and transparency of VEON's financial statements.
• PwC's expertise could lead to improved compliance with U.S. audit standards.

Negative

• Potential concerns regarding continuity and experience gaps due to the change in auditors.

VEON appoints PricewaterhouseCoopers Accountants N.V. as auditors for VEON Group

Amsterdam, Netherlands, 11 April 2023: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON) (“VEON” or, together with its subsidiaries, the “Group”), a global digital operator that provides converged connectivity and online services, announces that, further to its announcement on January 11, 2023 regarding the appointment of PricewaterhouseCoopers Accountants N.V. (“PwC”) as the Dutch statutory financial statement auditors for the year ended December 31, 2022, VEON has now also appointed PwC as the independent registered public accounting firm for the audit of the Group’s consolidated financial statements for the year ended December 31, 2022 in accordance with the standards established by the Public Company Accounting Oversight Board (United States).

About VEON
VEON is a global digital operator that currently provides converged connectivity and online services to over 200 million customers in seven dynamic markets. We are transforming people’s lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 8% of the world’s population. 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 date or to reflect the occurrence of unanticipated events.

Contact Information
VEON
Group Director Investor Relations
Nik Kershaw
ir@veon.com

FAQ

What is the significance of VEON's appointment of PricewaterhouseCoopers as auditors?

The appointment of PricewaterhouseCoopers aims to enhance the transparency and credibility of VEON's financial reports, which can positively influence investor confidence.

What financial year is affected by the new auditor appointment for VEON?

The appointment affects the audit of VEON's consolidated financial statements for the year ended December 31, 2022.

What does this change mean for VEON shareholders?

This change could improve compliance and oversight, potentially leading to more accurate financial reporting, which is beneficial for shareholders.