Sony Pixel Power calrec Sony

RESULTS OF 2023 PUT OPTION

20/04/2023

20 Apr 2023

RESULTS OF 2023 PUT OPTION relating to

USD 529,320,000 5.95% notes due October 2023 (ISIN: US92718WAE93 (144A) and XS0889401724 (REGS)) (the October 2023 Notes ) and USD 700,000,000 7.25% notes due December 2023 (US36251BAB18 (144A) and XS1400710726 (REGS)) (the December 2023 Notes and together with the October 2023 Notes, the Notes )

Amsterdam, Netherlands, 20 April 2023 15:30 CEST: The Issuer announces today the results of the 2023 Put Option in respect of the Notes.

On 5 April 2023, the Issuer issued the 2023 Put Option Event Notice which commenced the 2023 Put Option Period during which Holders could elect to participate in the 2023 Put Option.

Terms defined in the 2023 Put Option Event Notice and the terms and conditions of the Notes shall have the same meaning in this announcement, unless otherwise defined herein.

The 2023 Put Option Period expired at 5:00 p.m. (New York time) on 19 April 2023 and the aggregate principal amount of Notes in respect of which the 2023 Put Option had been validly exercised was: (a) USD 165,377,000 of the October 2023 Notes, and (b) USD 293,747,000 of the December 2023 Notes.

Subject to the terms of the 2023 Put Option, the Issuer will pay to the Holders of Notes accepted for purchase the Repurchase Price for their Notes on 26 April 2023.

Following settlement of the 2023 Put Option, the aggregate principal amount of Notes outstanding is expected to be:

Description of Notes Expected aggregate principal amount of Notes outstanding following settlement of 2023 Put Option

USD 529,320,000 5.95% notes due October 2023 (ISIN: US92718WAE93 (144A) and XS0889401724 (REGS)) USD 363,943,000

USD 700,000,000 7.25% notes due December 2023 (US36251BAB18 (144A) and XS1400710726 (REGS)) USD 406,253,000

Kroll Issuer Services Limited as the Settlement Agent

Telephone: + 44 20 7704 0880

Email: veon@is.kroll.com

Attention: Paul Kamminga

Important Notice

This announcement is for informational purposes only and shall not constitute a prospectus or an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction, nor shall there be any offer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.

This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129.

This announcement or information contained herein is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. Information contained in this announcement or any part hereof is not intended for any persons in the Russian Federation who are not qualified investors within the meaning of Article 51.2 of Federal Law No. 39-FZ On the Securities Market dated 22 April 1996, as amended (the Russian QIs), and must not be distributed or circulated into Russia or made available in Russia to any persons who are not Russian QIs, unless and to the extent they are otherwise permitted to access such information under Russian law. No securities have been and will be registered in Russia and are intended for placement or circulation in Russia (each as defined in Russian securities laws) unless and to the extent otherwise permitted under Russian law.

Elements of this announcement contain or may contain inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.

Disclaimer

This announcement has been prepared by VEON solely for informational purposes.

This announcement contains certain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms believes , estimates , anticipates , expects , intends , plans , may or will or, in each case, their negative or other variations or comparable terminology or by their context. These forward-looking statements include all matters that are not historical facts, and include statements relating to, among other things, the Put Option and the closing of the transactions described above. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements speak only as at the date of this announcement and the Issuer expressly disclaims any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this announcement. There can be no guarantee that any contemplated transactions or activities described in this announcement will occur on the terms described herein or at all.

This announcement does not constitute, and should not be construed as, part of any offer or invitation for the sale or purchase of securities and it is not intended to provide the basis of any investment decision nor does it or is it intended to form the basis of any contract for acquisition of or investment in any member of the Issuer, financial promotion, or any offer or invitation in relation to any acquisition of or investment in any member of the Issuer in any jurisdiction, nor does it purport to give legal, tax or financial advice. Nothing herein shall be taken as constituting the giving of investment advice and this announcement is not intended to provide, and must not be taken as, the basis of any decision and should not be considered as a recommendation to acquire or sell any securities of the Issuer. The recipient must make its own independent assessment and such investigations as it deems necessary. The information, statements and opinions contained in this announcement do not constitute a public offer under any applicable leg
LINK: https://www.veon.com/media/media-releases/2023/results-of-2023-put-opt...
See more stories from vimpel

More from VimpelCom

08/05/2025

VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela to Serve as Chairman

08 May 2025 VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela ...

07/05/2025

VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solutions to Drive Digital Growth

07 May 2025 VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solut...

02/05/2025

VEON to release 1Q25 trading update on May 15, 2025

02 May 2025 VEON to release 1Q25 trading update on May 15, 2025 Dubai, May 2, 2025 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that t...

25/04/2025

VEON Files its 2024 Annual Report on Form 20-F

25 Apr 2025 VEON Files its 2024 Annual Report on Form 20-F Dubai, April 25, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON' or the Compa...

14/04/2025

VEON Publishes 2024 Integrated Annual Report Detailing Commitment to Sustainable Growth and Highlighting Robust Financial Performance

14 Apr 2025 VEON Publishes 2024 Integrated Annual Report Detailing Commitment t...

08/04/2025

VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing

08 Apr 2025 VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital opera...

31/03/2025

VEON Announces 2025 AGM and Board Nominees

31 Mar 2025 VEON Announces 2025 AGM and Board Nominees Notice of the 2025 Annual General Meeting of Shareholders of VEON Ltd. Dubai, March 31, 2025 - VEON Ltd...

27/03/2025

VEON Returns to Capital Markets with Successful Syndication of USD 210 Million Term Loan

27 Mar 2025 VEON Returns to Capital Markets with Successful Syndication of USD ...

26/03/2025

VEON Appoints Anand Ramachandran as Corporate Development Officer

26 Mar 2025 VEON Appoints Anand Ramachandran as Corporate Development Officer Dubai, March 26, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON...

21/03/2025

VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Solutions Supporting Ukraine's Resilience

21 Mar 2025 VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Sol...

20/03/2025

VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth

20 Mar 2025 VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital...

20/03/2025

VEON to Proceed with USD 35 Million Share Buyback

20 Mar 2025 VEON to Proceed with USD 35 Million Share Buyback Announcement marks second phase of USD 100 million share buyback program announced on August 1, 2...

20/03/2025

VEON Discloses Selected Key Financial Metrics About Uklon

20 Mar 2025 VEON Discloses Selected Key Financial Metrics About Uklon Kyiv and Dubai, March 20, 2025 - VEON Ltd. (Nasdaq: VEON), a global digital operator, tod...

19/03/2025

VEON's Kyivstar Expands Digital Portfolio with Acquisition of Uklon, Ukraine's Top Ride-Hailing Business

19 Mar 2025 VEON's Kyivstar Expands Digital Portfolio with Acquisition of U...

18/03/2025

VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Signs Definitive Business Combination Agreement with Cohen Circle

18 Mar 2025 VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Sig...

17/03/2025

VEON appoints Johan Buse as the Incoming CEO of Banglalink

17 Mar 2025 VEON appoints Johan Buse as the Incoming CEO of Banglalink Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VE...

12/03/2025

VEON to release 4Q 2024 trading update on 20 March 2025

12 Mar 2025 VEON to release 4Q 2024 trading update on 20 March 2025 Dubai, 12 March 2025 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms ...

06/03/2025

Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign

06 Mar 2025 Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign Barcelona and Islamabad, March 06, 2025: VEON Ltd. (Nasdaq: VEON), a global digital ope...

05/03/2025

VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in collaboration with Huawei

05 Mar 2025 VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in coll...

04/03/2025

VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced Customer Experience

04 Mar 2025 VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced ...

26/02/2025

VEON Highlights Role of Investments in Rebuilding Ukraine, Renews Invest in Ukraine, NOW! Call in Kyiv Visit

26 Feb 2025 VEON Highlights Role of Investments in Rebuilding Ukraine, Renews ...

14/02/2025

VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2.6 Million for Demining in Ukraine

14 Feb 2025 VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2....

12/02/2025

VEON's JazzCash and Mobilink Bank Shortlisted for Prestigious GLOMO Awards

12 Feb 2025 VEON's JazzCash and Mobilink Bank Shortlisted for Prestigious GLOMO Awards Dubai and Islamabad, February 12 2025: VEON Ltd. (Nasdaq: VEON), a g...

30/01/2025

VEON Gets Unanimous Support from Noteholders Voting in Consent Solicitation to Facilitate Indirect Listing of Kyivstar on Nasdaq

30 Jan 2025 VEON Gets Unanimous Support from Noteholders Voting in Consent Soli...

16/01/2025

VEON Appoints New Members to the Group Executive Committee

16 Jan 2025 VEON Appoints New Members to the Group Executive Committee Dubai, 16 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or t...

13/01/2025

VEON to List Kyivstar on Nasdaq in New York, Signs Letter of Intent with Cohen Circle

13 Jan 2025 VEON to List Kyivstar on Nasdaq in New York, Signs Letter of Intent...

09/01/2025

VEON appoints Burak Ozer as Group Chief Financial Officer

09 Jan 2025 VEON appoints Burak Ozer as Group Chief Financial Officer Dubai, 9 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the...

30/12/2024

In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Direct-to-Cell Satellite Connectivity to Kyivstar Customers

30 Dec 2024 In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink ...

19/12/2024

VEON Completes the Move of its Headquarters to Dubai

19 Dec 2024 VEON Completes the Move of its Headquarters to Dubai Dubai, 19 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the G...

13/12/2024

VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024

13 Dec 2024 VEON discloses its unaudited interim condensed consolidated financi...

12/12/2024

Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024

12 Dec 2024 Kyivstar and Jazz Secure Double Win for VEON at The World Communica...

11/12/2024

Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode

11 Dec 2024 Kazakh Language Gets its National LLM with a Groundbreaking Partner...

09/12/2024

VEON Approves Launch of the Initial USD 30 Million Phase of its Share Buyback Program

09 Dec 2024 VEON Approves Launch of the Initial USD 30 Million Phase of its Sha...

05/12/2024

VEON and Engro Corp Announce Strategic Partnership for Telecommunications Infrastructure

05 Dec 2024 VEON and Engro Corp Announce Strategic Partnership for Telecommunic...

03/12/2024

In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights in Kyivstar

03 Dec 2024 In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Un...

29/11/2024

VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Supporting Ukraine's Recovery and Resilience

29 Nov 2024 VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Suppo...

25/11/2024

VEON Shares now Trade Exclusively on Nasdaq in New York

25 Nov 2024 VEON Shares now Trade Exclusively on Nasdaq in New York Amsterdam, Dubai and New York, November 25, 2024: VEON Ltd. (Nasdaq: VEON), a global digita...

21/11/2024

VEON on Track to Consolidate Trading on Nasdaq in New York, Last Day on Euronext Amsterdam is Tomorrow

21 Nov 2024 VEON on Track to Consolidate Trading on Nasdaq in New York, Last Da...

21/11/2024

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

21 Nov 2024 VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with...

20/11/2024

VEON's Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billion in Ukraine's Economy

20 Nov 2024 VEON's Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billio...

19/11/2024

GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uzbekistan and Uzbekistan's Ministry of Digital Technologies

19 Nov 2024 GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uz...

15/11/2024

VEON Receives License for its Branch Office in Dubai International Financial Centre

15 Nov 2024 VEON Receives License for its Branch Office in Dubai International ...

14/11/2024

VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, Digital Drives Growth

14 Nov 2024 VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, D...

13/11/2024

VEON appoints UHY LLP as auditors for VEON Group's 2024 PCAOB Audit

13 Nov 2024 VEON appoints UHY LLP as auditors for VEON Groups 2024 PCAOB Audit Amsterdam and Dubai, 13 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amster...

12/11/2024

VEON Announces Special General Meeting for the Laying of the 2023 Audited Financials Before Shareholders

12 Nov 2024 VEON Announces Special General Meeting for the Laying of the 2023 A...

11/11/2024

VEON Elevates its Youth Offering Through Banglalink's AI-Powered Lifestyle App RYZE

11 Nov 2024 VEON Elevates its Youth Offering Through Banglalink's AI-Powere...

08/11/2024

VEON Group Reaffirms Commitment to Strengthen Pakistan's Digital Infrastructure in Meeting with Prime Minister

08 Nov 2024 VEON Group Reaffirms Commitment to Strengthen Pakistan's Digita...

07/11/2024

VEON's Cloud & Cybersecurity Platform Garaj Signs with Standard Chartered Bank in Pakistan

07 Nov 2024 VEON's Cloud & Cybersecurity Platform Garaj Signs with Standard...