
03 Dec 2024
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights in Kyivstar Amsterdam, Dubai and Kyiv, December 3, 2024 - VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON ), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEONs corporate rights on Kyivstar and VEONs other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi).
Dear Valued VEON Investor,
On Friday, we reached another milestone in VEON's growth journey as the Shevchenkivskyi District Court of Kyiv lifted the freezing of VEON's corporate rights in Kyivstar and our other Ukrainian subsidiaries. This decision is the result of our steadfast commitment to connecting and rebuilding Ukraine every day, and of our relentless efforts since the freezing in October 2023, making the case that VEON and Kyivstar are pillars of Ukraine's resilience and reconstruction, with no benefits flowing to any sanctioned persons. It demonstrates Ukraine's commitment to the rule of law and to protecting the rights of international investors.
I would like to thank you for your confidence in VEON throughout this period. You have not only continued to believe in VEON's growth story, but also supported us in our commitments to continue investing in Ukraine.
This positive decision encourages us further, and we do believe that Friday's ruling is indeed a win-win for all. It is a win for VEON's investors, as the court's decision removes a source of concern that impacted how the markets assessed our potential for growth in one of our key countries of operation. It is a win for Kyivstar and for the people of Ukraine that we proudly serve, as it enables us to accelerate certain business partnerships. Most importantly, it is a win for Ukraine as it sends a positive message to the global investment community with regards to Ukraine's business climate and commitment to the rule of law, increasing the country's appeal as an investment destination.
With the unfreezing of our corporate rights, we now look forward to further value creation in Kyivstar, including exploring the ways in which VEON can play a greater role in bringing international and local investors into this significant asset in our portfolio, in line with VEON's previously disclosed strategic direction. As one of our shareholders has aptly put it, Kyivstar, through VEON's Nasdaq listing, is the sole Ukrainian investment theme on the U.S. [listed] equity market, and we very much see this as a significant opportunity that benefits all stakeholders.
Our press release on the court ruling is available on VEON's website: https://www.veon.com/newsroom/press-releases/veon-welcomes-unfreezing-of-its-corporate-rights-in-kyivstar-supporting-ukraines-recovery-and-resilience.
On behalf of VEON, thank you for your support and confidence, and we look forward to sharing further updates as they develop.
Best Regards,
Kaan Terzioglu
VEON Group CEO
About VEON
VEON is a NASDAQ-listed digital operator that provides 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. For more information visit: www.veon.com.
Disclaimer
This letter 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 commercial and investment plans and investment opportunities in Ukraine. 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 anticipate, including the important factors discussed under the caption Risk Factors in VEON's annual report on Form 20-F for the year ended 31 December 2023, which is on file with the U.S. Securities and Exchange Commission (SEC) and is available on the SEC website at www.sec.gov. The forward-looking statements contained in this letter speak only as of the date of this letter. 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. There can be no assurance that the initiatives referred to above will be successful.
More from VimpelCom
18/06/2025
18 Jun 2025
VEON's Kyivstar Advances Direct-to-Cell Services With Starlink ...
17/06/2025
17 Jun 2025
Omiyinka Doris Chooses to Step Aside from VEON General Counsel Position Dubai, June 17, 2025: VEON Ltd. (Nasdaq: VEON; the Company or VEON ), a ...
17/06/2025
17 Jun 2025
VEON Appoints Vitaly Shmakov as Acting General Counsel Dubai, June 17, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the Co...
17/06/2025
17 Jun 2025
Kyivstar and Ministry of Digital Transformation of Ukraine sign Coo...
16/06/2025
16 Jun 2025
VEON Announces USD 35 Million Share Buyback Announcement marks the third phase of USD 100 million share buyback program
Dubai, June 16, 2025: VEON...
05/06/2025
05 Jun 2025
VEON Progresses in Kyivstar Group's Nasdaq Listing with the Pub...
05/06/2025
05 Jun 2025
Kyivstar Group Reports First Quarter 2025 Financial Results in Conj...
03/06/2025
03 Jun 2025
VEON and Engro Corporation Complete Pioneering Infrastructure Partn...
03/06/2025
03 Jun 2025
Empowering Kazakh Students: VEON's Beeline Kazakhstan introduce...
23/05/2025
23 May 2025
VEON and Engro Corporation Advance to Closing Pioneering Infrastruc...
20/05/2025
20 May 2025
Beeline Uzbekistan Moves its Headquarters to Tashkent's IT Park...
15/05/2025
15 May 2025
VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues ...
12/05/2025
12 May 2025
VEON Joins GSMA Advance's People Excellence Partner Program as ...
08/05/2025
08 May 2025
VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela ...
07/05/2025
07 May 2025
VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solut...
02/05/2025
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
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
14 Apr 2025
VEON Publishes 2024 Integrated Annual Report Detailing Commitment t...
08/04/2025
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
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
27 Mar 2025
VEON Returns to Capital Markets with Successful Syndication of USD ...
26/03/2025
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
21 Mar 2025
VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Sol...
20/03/2025
20 Mar 2025
VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital...
20/03/2025
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
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
19 Mar 2025
VEON's Kyivstar Expands Digital Portfolio with Acquisition of U...
18/03/2025
18 Mar 2025
VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Sig...
17/03/2025
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
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
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
05 Mar 2025
VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in coll...
04/03/2025
04 Mar 2025
VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced ...
26/02/2025
26 Feb 2025
VEON Highlights Role of Investments in Rebuilding Ukraine, Renews ...
14/02/2025
14 Feb 2025
VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2....
12/02/2025
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
30 Jan 2025
VEON Gets Unanimous Support from Noteholders Voting in Consent Soli...
16/01/2025
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
13 Jan 2025
VEON to List Kyivstar on Nasdaq in New York, Signs Letter of Intent...
09/01/2025
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
30 Dec 2024
In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink ...
19/12/2024
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
13 Dec 2024
VEON discloses its unaudited interim condensed consolidated financi...
12/12/2024
12 Dec 2024
Kyivstar and Jazz Secure Double Win for VEON at The World Communica...
11/12/2024
11 Dec 2024
Kazakh Language Gets its National LLM with a Groundbreaking Partner...
09/12/2024
09 Dec 2024
VEON Approves Launch of the Initial USD 30 Million Phase of its Sha...
05/12/2024
05 Dec 2024
VEON and Engro Corp Announce Strategic Partnership for Telecommunic...
03/12/2024
03 Dec 2024
In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Un...
02/12/2024
02 Dec 2024
VEON's Kyivstar Launches GenAI Lab with Amazon Web Services (AW...
29/11/2024
29 Nov 2024
VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Suppo...