Sony Pixel Power calrec Sony

VEON management increases share ownership

12/04/2024

12 Apr 2024

VEON management increases share ownership Amsterdam, 12 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces an increase in management's ownership of VEON shares through awards under its existing equity incentive-based compensation plans. VEON is utilising certain of the 92,459,532 common shares issued to VEON Holdings BV, announced on 1 March 2024, to satisfy the awards made.

Augie Fabela, Chair of the Remuneration and Governance Committee, commented on the awards set out in the table below, saying, The equity awards are a testament to our belief in aligning managements incentives with value creation and shareholder returns. These awards recognize the contributions and key roles of our top three executives in successfully driving future success for the VEON Group.

Figures represent the ADS equivalents of VEON common shares awarded

Short-Term Incentive 20231

Project Award2

Special Award3

Long-Term Incentive 2024 Award4

Kaan Terzioglu 57,248

240,169

Joop Brakenhoff 10,515

8,778

2,102

95,913

Omiyinka Doris 5,832

7,524

82,211

In connection with these above mentioned share awards, VEON's Group Executive Committee ( GEC ) received a total of 2,299,995 VEON common shares (equal to 91,999 VEON American Depositary Shares ( ADSs )) within the scope of the VEON's Deferred Share plans, and the GEC were granted a total of 10,457,359 VEON common shares (equal to 418,294 ADSs) as a part of the LTI plans. The grant amounts set out in the table above reflect the net award amounts transferred to each of the GEC members after deducting shares to cover withholding taxes (as applicable), save for the LTI 2024 awards which are unvested and reflect the gross award amounts.

As previously announced, GEC members are required to accrue and maintain a minimum level of VEON shares. This will be equivalent to 6.0x the annual base salary for the Group CEO and 2.0x the annual base salary for the other GEC members.

1The STI 2023 share awards were granted as part of VEON's Deferred Share Plan. The Deferred Share grant, which represents 50% of the Short-Term Incentives ( STI ) scheme, relates to the period from 1 January 2023 to 31 December 2023 and is deferred into shares under the Deferred Share grant rules. The shares vested immediately and are required to be held for period of two years from 16 February 2024.

2A Project Award' was granted as part of VEON's Deferred Share Plan to Joop Brakenhoff and Omiyinka Doris for their contributions to successfully completing a key project. The shares vested immediately and are required to be held for one year from 5 March 2024.

3VEON ADS equivalent of the following share grants: (i) STI 2023: 145,800 common shares; (ii) Project Award: 188,100 common shares; (iii) and LTI 2024: 2,055,292 common shares.

4A Special Award' was granted to GEC member, Joop Brakenhoff, as part of VEON's Deferred Share Plan granted in December 2021 and is now fully vested.

About VEON

VEON is a digital operator that 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.

Important Notice

This release does not contain or constitute an offer or sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the Securities Act), and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act.

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 include statements relating to, among other things, VEON's governance, strategy and share compensation plans. Forward-looking statements 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

Hande Asik

Group Director of Communication

pr@veon.com

This website stores cookies on your computer. These cookies are used to improve vour website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy

We wont track your information when you visit our site. But in order to comply with your preferences, well have to use just one tiny cookie so that youre not asked to make this choice again.

AcceptDecline
LINK: https://www.veon.com/newsroom/press-releases/veon-management-increases...
See more stories from vimpel

More from VimpelCom

29/05/2024

VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB Audit and shares compliance plan with Nasdaq

29 May 2024 VEON appoints UHY LLP as auditors for VEON Group's 2023 PCAOB A...

28/05/2024

VEON Progresses with Asset-Light Strategy, Reaches Agreement to Sell Stake in TNS+ in Kazakhstan

28 May 2024 VEON Progresses with Asset-Light Strategy, Reaches Agreement to Sel...

22/05/2024

VEON Receives Nasdaq Notice on Delayed Filing, Confirms Ongoing Effort to Address Auditor Appointment

22 May 2024 VEON Receives Nasdaq Notice on Delayed Filing, Confirms Ongoing Eff...

20/05/2024

VEON's Banglalink and Robi Axiata Partner to Explore Network Sharing to Expand 4G Access in Bangladesh

20 May 2024 VEON's Banglalink and Robi Axiata Partner to Explore Network Sh...

16/05/2024

VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution

16 May 2024 VEON 1Q24 Trading Update: Accelerating USD Growth, Strong Operational Execution Amsterdam, 16 May 2024 07:00AM CEST - VEON Q1 2024 Highlights Q1...

15/05/2024

VEON Publishes Annual Corporate Governance Report for Financial Year 2023

15 May 2024 VEON Publishes Annual Corporate Governance Report for Financial Year 2023 Amsterdam, 15 May 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEO...

15/05/2024

VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Supercomputing Centre to Support Use of AI in Local Languages

15 May 2024 VEON and Beeline Kazakhstan Partner with GSMA and Barcelona Superco...

14/05/2024

Tamasha Scores Big with Digital Streaming Rights for ICC Cricket Tournaments in 2024 and 2025

14 May 2024 Tamasha Scores Big with Digital Streaming Rights for ICC Cricket To...

14/05/2024

VEON's Kyivstar Named the Top International Investor in Ukraine in 2022-2023 by Forbes Ukraine

14 May 2024 VEON's Kyivstar Named the Top International Investor in Ukraine...

09/05/2024

VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G

09 May 2024 VEON's Banglalink Leads 3G Phase-out, Deepening its Focus on 4G Amsterdam, 09 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a g...

08/05/2024

Statement on Director Independence Ahead of VEON AGM

08 May 2024 Statement on Director Independence Ahead of VEON AGM Amsterdam, 8 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital op...

06/05/2024

AI and Big Data Take the Centre Stage in Central Asia at Beetech 2024 Hosted by Beeline Kazakhstan and QazCode

06 May 2024 AI and Big Data Take the Centre Stage in Central Asia at Beetech 20...

26/04/2024

Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink to Stream ICC Cricket on Toffee

26 Apr 2024 Cricket Finds Its Digital Home in Bangladesh: VEON's Banglalink...

24/04/2024

VEON Announces 2024 AGM and Board Nominees

24 Apr 2024 VEON Announces 2024 AGM and Board Nominees Amsterdam, 24 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...

12/04/2024

VEON management increases share ownership

12 Apr 2024 VEON management increases share ownership Amsterdam, 12 April 2024 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator ...

28/03/2024

VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility

28 Mar 2024 VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility Amsterdam, 28 March 2024, 09.30 CET - VEON Ltd. (Nasdaq: VEON, Euronex...

26/03/2024

VEON announces sale of stake in Beeline Kyrgyzstan, increasing the focus on its large markets

26 Mar 2024 VEON announces sale of stake in Beeline Kyrgyzstan, increasing the ...

21/03/2024

VEON 4Q23 trading update: Strong organic growth in revenue and EBITDA, solid execution of VEON 2.0 strategy

21 Mar 2024 VEON 4Q23 trading update: Strong organic growth in revenue and EBIT...

18/03/2024

Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh

18 Mar 2024 Banglalink Gets Unified Licence to Deliver Superior Digital Service...

14/03/2024

VEON appoints PwC as 2023 auditors, provides updates on reporting timelines

14 Mar 2024 VEON appoints PwC as 2023 auditors, provides updates on reporting timelines Amsterdam, Netherlands, 14 March 2024, 17:00 CET: VEON Ltd. (Nasdaq: VE...

11/03/2024

VEON to Hold Capital Markets Day on June 6, 2024

11 Mar 2024 VEON to Hold Capital Markets Day on June 6, 2024 Amsterdam, 11 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator...

04/03/2024

MSCI upgrades VEON to 'AA' ESG Rating

04 Mar 2024 MSCI upgrades VEON to AA ESG Rating Amsterdam, 4 March 2024: VEON (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides...

01/03/2024

VEON announces the issuance of previously authorized shares representing approximately 4.99% of total share capital

01 Mar 2024 VEON announces the issuance of previously authorized shares represe...

29/02/2024

VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emergency or Humanitarian Situations at GLOMOs

29 Feb 2024 VEON's Kyivstar Awarded Best Mobile Innovation Supporting Emer...

27/02/2024

VEON launches ROX, its digital-first brand in Pakistan

27 Feb 2024 VEON launches ROX, its digital-first brand in Pakistan ROX to provide Pakistan's digital-first generation with integrated content and services ...

26/02/2024

Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open RAN to Rebuild Ukraine's Digital Infrastructure

26 Feb 2024 Rakuten Symphony and Kyivstar Sign Letter of Intent to Deploy Open ...

21/02/2024

VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services

21 Feb 2024 VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services Amsterdam and Tashkent, 21 February 2024 - VEON Ltd. (NASDAQ: VEON, Eu...

14/02/2024

Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reaching Campaign Target

14 Feb 2024 Kyivstar and Come Back Alive Raise UAH180M to Demine Ukraine, Reach...

08/02/2024

VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovation for Emergency and Humanitarian Connectivity

08 Feb 2024 VEON's Kyivstar Nominated for the GLOMO in Best Mobile Innovat...

06/02/2024

Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mobilises AI to Fight Forest Fires

06 Feb 2024 Augmented Intelligence for Disaster Response: Beeline Kazakhstan Mo...

05/02/2024

VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivstar Board member Mike Pompeo to Ukraine

05 Feb 2024 VEON and Kyivstar Welcome Former U.S. Secretary of State and Kyivst...

05/02/2024

VEON and Kyivstar set in motion their 600m USD investment plan with Kyiv visit, Mike Pompeo joins the delegation

05 Feb 2024 VEON and Kyivstar set in motion their 600m USD investment plan with...

31/01/2024

VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio

31 Jan 2024 VEON and Summit Complete USD 100m Deal for Bangladesh Towers Portfolio Amsterdam and Dhaka, 31 January 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amst...

18/01/2024

Kyivstar Completes Preliminary Assessment of the Financial Impact of the Cyberattack

18 Jan 2024 Kyivstar Completes Preliminary Assessment of the Financial Impact o...

20/12/2023

VEON Presents Digital Operator Success Story at NSR/BCG Investor Conference in New York

20 Dec 2023 VEON Presents Digital Operator Success Story at NSR/BCG Investor Co...

19/12/2023

Kyivstar restores services in all categories, brings 99% of mobile network back on air

19 Dec 2023 Kyivstar restores services in all categories, brings 99% of mobile ...

15/12/2023

Kyivstar restores mobile internet across Ukraine, reactivates international roaming

15 Dec 2023 Kyivstar restores mobile internet across Ukraine, reactivates inter...

14/12/2023

Kyivstar restores voice services across Ukraine, starts the reactivation of mobile data services

14 Dec 2023 Kyivstar restores voice services across Ukraine, starts the reactiv...

13/12/2023

Kyivstar starts restoring voice services on its network following widespread cyber-attack

13 Dec 2023 Kyivstar starts restoring voice services on its network following w...

12/12/2023

Kyivstar Network Targeted by Widespread Cyber Attack

12 Dec 2023 Kyivstar Network Targeted by Widespread Cyber Attack Amsterdam, 12 December 2023 13:45 CET - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a ...

12/12/2023

Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial Restoration of Connectivity on its Fixed Network

12 Dec 2023 Kyivstar Provides Update on Cyber-Attack Recovery; Reports Partial ...

11/12/2023

VEON's Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance

11 Dec 2023 VEON's Mobilink Bank Participates in COP28, Emphasizes the Role...

04/12/2023

VEON's Kyivstar and Amazon Web Services Sign Memorandum of Cooperation to Support the Development of Ukrainian Businesses

04 Dec 2023 VEON's Kyivstar and Amazon Web Services Sign Memorandum of Coop...

27/11/2023

VEON Recognised for Crisis Response at World Communication Awards 2023

27 Nov 2023 VEON Recognised for Crisis Response at World Communication Awards 2023 Amsterdam, 27 November 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: V...

27/11/2023

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

27 Nov 2023 VEON Implements New Clawback Policy and Updates Incentive Plans to ...

20/11/2023

VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed

20 Nov 2023 VEON 3Q23 trading update: raising full-year revenue and EBITDA guid...

15/11/2023

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

15 Nov 2023 Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial ...

14/11/2023

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

14 Nov 2023 VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivsta...

31/10/2023

VEON Launches Digital-First Operator OQ in Uzbekistan

31 Oct 2023 VEON Launches Digital-First Operator OQ in Uzbekistan New brand targets digital natives with integrated media and entertainment services Amsterda...

30/10/2023

VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar

30 Oct 2023 VEON files motion with Kyiv Court challenging the freezing of corpo...