14 Dec 2018
VEON Holdings B.V. And VIP Finance Ireland DAC Announce Adjournment Of Meetings Amsterdam, Netherlands, 14 December 2018 - VEON Holdings B.V. (the Company ), a wholly-owned subsidiary of VEON Ltd. ( VEON ), and VIP Finance Ireland DAC (in respect of the 2021 Notes (as defined below) only), announced today an adjournment of the Meetings (as defined in the tender and consent solicitation memorandum dated 13 November 2018 (the Tender Offer and Consent Solicitation Memorandum )) in respect of:
U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland DAC (formerly VIP Finance Ireland Limited) (ISIN: Rule 144A US918242AD06/Reg S XS0587031096) (the 2021 Notes );
U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) (ISIN: Rule 144A US92718WAB54/Reg S XS0643183220) (the 2022 Notes ) and unconditionally and irrevocably guaranteed by Public Joint Stock Company Vimpel-Communications ; and
U.S.$1,000,000,000 5.95% Notes due 2023 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) (ISIN: Rule 144A US92718WAE93/Reg S XS0889401724) (the 2023 Notes , and, together with the 2021 Notes and the 2022 Notes, the Any and All Consent Notes or the Notes ).
As set out in the Tender Offer and Consent Solicitation Memorandum, the Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) announced on 13 November 2018 that it was soliciting consents from holders of the Any and All Consent Notes (each a Holder and together with holders of any series of Notes, the Holders ) to amend and/or remove certain covenants, by way of separate Extraordinary Resolutions (as defined below), of each of:
(i) the trust deed constituting the 2021 Notes dated 2 February 2011;
(ii) the trust deed constituting the 2022 Notes dated 29 June 2011;
(iii) the trust deed constituting the 2023 Notes dated 13 February 2013;
(iv) the terms and conditions of the 2022 Notes and the 2023 Notes; and
(v) the loan agreement dated 1 February 2011 between Public Joint Stock Company Vimpel-Communications as borrower and VIP Finance Ireland DAC (formerly VIP Finance Ireland Limited) as lender,
as described in more detail in the Tender Offer and Consent Solicitation Memorandum (the Consent Solicitation ).
Further to the Company's original announcement of the Tender Offer and Consent Solicitation dated 13 November 2018, the Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) separately announced on 28 November 2018 the extension of the early tender time to 10:00 a.m. (London time) on 12 December 2018 (the Extended Early Tender Time ).
Further to the Company's original announcement of the Tender Offer and Consent Solicitation dated 13 November 2018, the Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) separately announced on 13 December 2018 the extension of the expiration time for the Any and All Consent Notes until 10:00 a.m. (London time) on 26 December 2018 (the Extended Expiration Time ) and the extension of the Voting Deadline until 10.00 a.m. (London time) on 26 December 2018 for the 2021 Notes, 10.15 a.m. (London time) on 26 December 2018 for the 2022 Notes and 10.30 a.m. (London time) on 26 December 2018 for the 2023 Notes (the Extended Voting Deadline ).
Further to the Company's original announcement of the Tender Offer and Consent Solicitation dated 13 November 2018, notice is hereby given to the Holders that each of the Meetings of the Holders of the 2021 Notes, the 2022 Notes and the 2023 Notes held at the offices of Latham & Watkins LLP, 99 Bishopsgate, London EC2M 3XF on 14 December 2018 was adjourned for lack of quorum. The Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) has separately announced in notices dated 14 December 2018 that it has adjourned each of the Meetings until 28 December 2018 ( Notices of Adjourned Meeting ) for the purpose of considering and, if thought fit, passing the Extraordinary Resolution (as defined below). Holders should review the relevant Notices of Adjourned Meeting for information in respect of the adjourned meetings and details of how to continue to participate in the Consent Solicitation. Based on the number of Electronic Instruction Notices and Forms of Sub-Proxy validly submitted prior to the Extended Expiration Time in favour of the extraordinary resolution in respect of the 2021 Notes (the 2021 Extraordinary Resolution ), the extraordinary resolution in respect of the 2022 Notes (the 2022 Extraordinary Resolution ) and the extraordinary resolution in respect of the 2023 Notes (the 2023 Extraordinary Resolution and together with the 2021 Extraordinary Resolution and the 2022 Extraordinary Resolution, the Extraordinary Resolutions ) set out in the relevant notice of meeting to the Holders dated 13 November 2018, the Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) expects to satisfy the quorum requirements and pass the Extraordinary Resolutions at each of the adjourned meetings. The Company (in the case of the 2022 Notes and the 2023 Notes) and VIP Finance Ireland DAC (in the case of the 2021 Notes only) will announce the results of the adjourned meetings on 28 December 2018.
The implementation of the Extraordinary Resolutions is subject to the execution of the 2021 Supplemental Trust Deed, 2022 Supplemental Trust Deed, 2023 Supplemental Trust Deed and the Amendment Deed, each as applicable to the relevant series of Notes and as further described in the Te
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/07/2026
Broadcast Management Group (BMG) has announced the appointment of Kathy Samuels ...
01/07/2026
Shade has announced Custom Objects and Automations, a platform expansion releasing June 29, 2026, that adds database and workflow automation capabilities direct...
01/07/2026
FOR-A America has announced the addition of Jaz Wray and Fernando Cruz to its U.S. sales team. Both report to Ernie Leon, Senior VP and Head of Sales and Strate...
01/07/2026
NBC Sports will air all 15 MLB games nationally on Sunday, July 5, across NBC, P...
01/07/2026
Clear-Com has announced a wireless communications upgrade for Jeopardy! and Wheel of Fortune, deploying FreeSpeak II and FreeSpeak Icon systems across both prod...
01/07/2026
England's performance team will use Sony's STATSports APEX GPS tracking system to monitor player physical data in real time during FIFA World Cup 2026 m...
01/07/2026
Adder Technology has announced the appointment of Neil Hillier as Chief Executive Officer, effective July 1, 2026. Hillier succeeds Adrian Dickens, who transiti...
01/07/2026
Bitcentral, Inc. has announced a strategic transaction creating two separate companies. The Production and Playout business will continue as Bitcentral, now own...
01/07/2026
DAZN has announced results from DAZN48, its creator initiative for the FIFA World Cup 2026. Launched in April 2026, the program received thousands of applicatio...
01/07/2026
Sarah Rose, VP, global services, Daktronics (NASDAQ: DAKT), will be inducted into the Information Display and Entertainment Association (IDEA) Hall of Fame at t...
01/07/2026
Gravity Media and the World Economic Forum's production team provided broadc...
01/07/2026
Insight Productions has announced the launch of Insight Storm, a 53-foot mobile broadcast unit built for esports production. The truck is built around a Ross Vi...
01/07/2026
ESPN has announced several content initiatives marking America's 250th anniversary, as part of The Walt Disney Company's Disney Celebrates America pro...
01/07/2026
Eleven production kits, REMI workflows, and cloud distribution bring 40 World Cu...
01/07/2026
The conference also discussed the opportunities offered an industry that is endu...
01/07/2026
The Mountain West Conference has announced the launch of MW , a direct-to-consumer streaming platform powered by Kiswe. The platform will carry live Mountain We...
01/07/2026
New AI Assistant, Multi-channel Audio, ARA2 improvements & more
Tracktion's DAW software has just received its latest major update, gaining a selection ...
01/07/2026
Stammering, stuttering, strangulated tones
The Crow Hill Company's latest creation promises to be the most original sound set they've produced to d...
01/07/2026
Exclusive run of limited-edition modelling pedals
Sweetwater and Andertons M...
01/07/2026
The National Film and Video Foundation (NFVF) is pleased to announce that the ca...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Manfrotto Introduces UNCOVER, the new premium camera bag collection for modern h...
01/07/2026
Blackmagic Design Powers Houston Tamil Sangam Literacy Competition
Brie Clayton July 1, 2026
0 Comments
Volunteers use ATEM Mini Pro, Blackmagic Desig...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
PlayBox Technology has published State of Broadcast Infrastructure 2026, an in-depth industry research report examining the technologies, operational challenges...
01/07/2026
LONDON, UK, 1 JULY Jigsaw24 has appointed Alan Henry as Head of Sales for Media and Entertainment, reinforcing its continued investment in helping broadcaster...
01/07/2026
Content Vault, the patent-pending secure content distribution platform protecting high-value media from disclosures, theft and unauthorised access, today announ...
01/07/2026
Bitcentral, Inc. a leading provider of enterprise software and digital media solutions for news, sports and entertainment broadcasters, as well as streaming pla...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
01/07/2026
Groundbreaking First Nations Screen Business Accelerator launched through nation...
01/07/2026
Chyron Launches the All-New Chyron Academy: A Reimagined, Hands-On Learning Expe...
01/07/2026
Amplium Captures Kawasaki Brave Thunders Game with Blackmagic URSA Cine Immersiv...
01/07/2026
Boris FX Optics Expands Plugin Support to Apple Photos, Capture One, and Affinit...
01/07/2026
UKTV has today announced the appointment of Matt Berry to the newly created role of General Manager - Marketing, effective 1 July.
Matt will take on this senio...
01/07/2026
Sky Zero Footprint Fund-backed TV campaign featuring Deborah Meaden challenges consumers to rethink everyday bathroom wasteWednesday 1 July 2026
Fussy asks Bri...
01/07/2026
Constituency-level analysis reveals where girls miss out most on sport - and where targeted action could unlock more than £640 million in economic and health be...
01/07/2026
Wuppertal July 1, 2026
Riedel and SKAARHOJ Expand Collaboration With SimplyLive IntegrationRiedel Communications today announced an expanded collaboration wit...
01/07/2026
Apple today introduced power-packed updates to Apple Creator Studio, a groundbre...
14 Dec 2018
