VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with Audited Financial Statements for Year Ended 31 December 2023

Rhea-AI Summary

VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has published the 2023 Dutch Annual Report for its wholly-owned subsidiary VEON Holdings B.V., including audited consolidated financial statements for the year ended December 31, 2023. This publication completes VEON's commitment to noteholders regarding audited financial statements for 2024. The company previously filed its 2023 Dutch Annual Report for VEON on November 1, 2024, and its Annual Report on Form 20-F on October 17, 2024, with the latter being audited by UHY LLP according to PCAOB standards.

Positive

• Completion of all required financial statement audits for 2023
• Fulfillment of commitment to noteholders regarding financial reporting

Negative

• None.

Insights

Financial Analyst

The publication of VEON Holdings B.V.'s 2023 Dutch Annual Report marks the completion of VEON's financial reporting obligations for 2023. This demonstrates strong corporate governance and transparency, particularly significant given the company's status as a global digital operator with international listings. The timely fulfillment of reporting requirements across multiple jurisdictions - Dutch reports for both VEON and VEON Holdings B.V., plus the SEC Form 20-F filing - strengthens creditor confidence and regulatory compliance.

The engagement of UHY LLP as independent auditor conducting PCAOB-standard audits provides additional assurance to investors. While this news represents standard corporate reporting rather than new financial performance data, it's a positive indicator of the company's commitment to maintaining proper financial controls and disclosure standards.

Amsterdam and Dubai, November 21, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, (“VEON” or the “Company” or together with its subsidiaries, the “Group”), today published the 2023 Dutch Annual Report for its wholly-owned subsidiary VEON Holdings B.V., which includes audited consolidated financial statements for the year ended December 31, 2023.

A copy of the VEON Holdings B.V. 2023 Dutch Annual Report can be found on the Financial Results section of VEON website: https://www.veon.com/investors/#tab-item-104.  

With the publication of the 2023 Dutch Annual Report for VEON Holdings B.V., the Company has fulfilled its promise to its noteholders to have all its audited financial statements completed by the end of 2024.

Previously, on November 1, 2024, VEON filed its 2023 Dutch Annual Report for VEON Ltd. On October 17, 2024, the Company filed its Annual Report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission following the completion of the audit of its 2023 financial statements by its independent auditor UHY LLP according to Public Company Accounting Oversight Board (“PCAOB”) standards.

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. VEON is listed on Nasdaq and Euronext. For more information visit: https://www.veon.com.

Contact information

VEON
Group Director of Investor Relations
Faisal Ghori
ir@veon.com

FAQ

When did VEON publish its 2023 Dutch Annual Report for VEON Holdings B.V.?

VEON published the 2023 Dutch Annual Report for VEON Holdings B.V. on November 21, 2024.

Who audited VEON's 2023 Annual Report on Form 20-F?

UHY LLP audited VEON's 2023 Annual Report on Form 20-F according to PCAOB standards.

What stock exchanges is VEON listed on?

VEON is listed on Nasdaq and Euronext Amsterdam under the ticker symbol VEON.