Sony Pixel Power calrec Sony

VEON is the sole and rightful owner of Kyivstar

12/10/2023

12 Oct 2023

VEON is the sole and rightful owner of Kyivstar Company responds to speculation about Kyivstar

Amsterdam, 12 October 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, issues the following clarification regarding the developments in Ukraine, in response to recent press reports and in order to address the questions raised by VEON's international debt and equity investors.

On 6 October 2023, the Security Services of Ukraine (SSU) announced that the Ukrainian courts are seizing all corporate rights of Mikhail Fridman, Peter Aven and Andrei Kosogov in 20 Ukrainian companies that these individuals beneficially own, while criminal proceedings, unrelated to Kyivstar or VEON, are in progress. This announcement was incorrectly characterized by some Ukrainian media as a seizure or freezing of Kyivstar's assets . On 9 October 2023, Ukrainian media further reported, with a headline which incorrectly targets Kyivstar, that the Ministry of Justice of Ukraine is separately finalizing a lawsuit in the Ukraine High Anti-Corruption Court to confiscate any Ukrainian assets of M. Fridman.

At present, neither VEON nor Kyivstar have received any official communication from the Ukrainian authorities or courts regarding these matters. The only information that VEON has at the moment is from its share registrar in Ukraine, which confirms that any ownership changes to Kyivstar are currently not permitted.

While VEON does not comment on unconfirmed reports in principle, the escalation of the rhetoric and the questions that VEON received from its debt and equity investors necessitate that the Company clarifies the following facts.

First and foremost, VEON is and remains Kyivstar's sole and rightful owner. None of the individuals mentioned in the SSU announcement referenced above own any shares in VEON or Kyivstar.

As previously stated, VEON is an Amsterdam-headquartered, Nasdaq- and Euronext Amsterdam-listed company with an international debt and equity investor base that includes US, EU and UK individuals and institutions. VEON has no controlling or majority shareholder. The individuals mentioned in the SSU announcement cannot exercise any rights regarding VEON or Kyivstar, are not a part of either company's governance mechanisms, including boards, nor do they have the ability to control or influence decisions made by VEON or Kyivstar. They do not derive benefits from VEON or any of its operating companies. Any actions aimed at the rights, benefits or funds of the aforementioned individuals cannot legitimately be directed toward Kyivstar or VEON.

VEON notes and welcomes the subsequent clarification by the SSU noting that The seizure of corporate rights of Ukrainian companies does not affect the protection of the interests of foreign investors and owners of shares of corporate rights, does not hinder their economic activity and the possibility of receiving dividends. Underlining the duties to employees, customers and investors, VEON and Kyivstar intend to use all available avenues to protect the rights of VEON and Kyivstar.

VEON deeply values its investors' support for its strategic choices, including its exit from Russia - one of the most significant corporate exits given VEON's public listing and the relative size of the asset - and appreciates the support it has received from US, UK and EU regulators over the course of the past 19 months as a Nasdaq- and Euronext Amsterdam-listed company.

Kyivstar, with the full support of its parent company VEON, continues to serve its 25 million customers and keeps not only its own customers, but also the broader country connected through extremely challenging conditions, with 94% network availability and full operational integrity in line with the national security priorities of Ukraine. VEON and Kyivstar are fully committed to continue serving Ukraine, as demonstrated by the USD 600 million investment pledge for the recovery and reconstruction of the country.

[1] Translated from https://ssu.gov.ua/novyny/zavdiaky-sbu-v-ukraini-areshtovano-vsi-aktyvy-trokh-oliharkhiv-putina-na-ponad-17-mlrd-hrn issued on 6 October 2023, in Ukrainian language.

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.

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, ownership and investment 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

TUVA Partners

Julian Tanner

julian.tanner@tuvapartners.com

This website stores cookies on your computer. These cookies are used to improve vour website experience an
LINK: https://www.veon.com/newsroom/press-releases/veon-is-the-sole-and-righ...
See more stories from vimpel

Most recent headlines

06/10/2025

France Tlvisions Wins Prestigious 2025 EBU Technology & Innovation Award in Groundbreaking Collaboration with Dalet

France T l visions, France's leading broadcaster, has received the 2025 EBU ...

04/09/2025

Monumental Sports & Entertainment and Dalet Win Prestigious 2025 NAB Show Project of the Year Award

Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...

08/07/2025

Carr Applauds Restoration of FCC Auction Authority

WASHINGTON Federal Communications Commission Chair Brendan Carr is applauding the passage of President Donald Trump's One Big Beautiful Bill and provision...

08/07/2025

Channel 7 Sydney Chooses RTS and Magna Systems for ST-2110 Upgrade

SYDNEY RTS has announced that Channel 7 Sydney has deployed a new comms system from RTS as part of a larger ST-2110 upgrade....

08/07/2025

Gray Media and Scripps Agree to Swap TV Stations

ATLANTA & CINCINNATI Gray Media, Inc. and The E.W. Scripps Company have entered into agreements to swap television stations across five mid-sized and small mark...

07/07/2025

SBS Farewells Chair George Savvides AM

SBS Farewells Chair George Savvides AM 7 July, 2025 Media releases Born of Greek Cypriot parents, Mr Savvides joined the SBS Board as Deputy Chair in Febru...

07/07/2025

Staying Ahead of the Threat - Everywhere, Any Time

Advanced vision solutions deliver more than reliable night vision for tactical-edge warfighters. Today's technological advances can provide the capability f...

07/07/2025

Sinclair Names Narinder Sahai EVP and Chief Financial Officer

BALTIMORE Sinclair has named Narinder Sahai its executive vice president and chief financial officer, effective immediately....

07/07/2025

Riedel Communications Launches RefSuite Ecosystem for Spo...

Riedel Communications today announced the launch of RefSuite, a powerful new Managed Technology solution tailored to professional sports workflows. RefSuite com...

07/07/2025

Skandha Media Services expands MENA presence with new off...

Regional base will foster client engagement, partner collaboration, and executive touchpoints Skandha Media Services, a leading provider of cloud-native media ...

07/07/2025

ASG-Produced Video Wins Gold Telly Award

Advanced Systems Group, LLC (ASG), a technology and services provider for media creatives and content owners, announced its Against All Odds - ASG Builds Cutti...

07/07/2025

Skandha Media Services announces collaboration with Warne...

Agreement secured on the strength of Skandha's proven track record in delivering reliable managed services across the full content life cycle for existing h...

07/07/2025

1-2 Punch: The Cloud, Generative AI, and the Future of Sports-Content Distribution

1-2 Punch: The Cloud, Generative AI, and the Future of Sports-Content Distributi...

07/07/2025

Formula E: Host Broadcaster Aurora on Launching New AR Graphics at the Jakarta E-Prix

Tests and decisions: Formula E host broadcaster Aurora on launching new AR graph...

07/07/2025

Formula E: Using New AR Graphics for Storytelling at the Formula E Penultimate, Final E-Prix of the Season

Building tension: Using new AR graphics for storytelling at the Formula E penult...

07/07/2025

SVG Rewind: Four NFL Clubs Bring Us on Set of Respective Media Day Shoots

SVG Rewind: Four NFL Clubs Bring Us on Set of Respective Media Day Shoots An in-depth conversation with 49ers Laura Johnson, Ravens Jay O'Brien, Las Vegas R...

07/07/2025

Cosm To Build Fifth Shared Reality Venue in Cleveland as Part of Bedrock's Rock Block' Development

Cosm To Build Fifth Shared Reality Venue in Cleveland as Part of Bedrock's ...

07/07/2025

'She Walks in Darkness', Agustn Daz Yanes' New Film, Premieres on Netflix on October 17

Back to All News She Walks in Darkness, Agust n D az Yanes New Film, Premieres ...

07/07/2025

2025-07-07

CULVER CITY, CALIFORNIA As Apple Music marks its 10th anniversary this year, Apple unveils its most ambitious creative project to date: a brand-new state-of-the...

07/07/2025

RT Announces Mark Bignell as new Commissioning Editor for Comedy

RT has announced that Mark Bignell has been appointed Commissioning Editor for Comedy following a public competition. This senior editorial position will drive...

05/07/2025

'Superestar,' the Story of a Star Who Never Changed. Premiering July 18

Back to All News Superestar, the Story of a Star Who Never Changed. Premiering July 18 Entertainment 05 July 2025 GlobalSpain Link copied to clipboard Dis...

04/07/2025

Give Me the Backstory: Get to Know Tadashi Nakamura, the Filmmaker Behind Third Act

By Lucy Spicer Editor's note: We are deeply saddened by the passing of Robe...

04/07/2025

Spotify Partners With The Reading Agency to Bring the Summer Reading Challenge to Life Through Audio

The Summer Reading Challenge has inspired children across the U.K. to embrace a ...

04/07/2025

Introducing CVP Auctions: Trusted Tech, At Auction-Only Prices

Introducing CVP Auctions: Trusted Tech, At Auction-Only Prices Brie Clayton July 4, 2025 0 Comments A New Destination for Film and Broadcast Gear at U...

04/07/2025

Unveiling China's Ecological Wonders with URSA Mini Pro 12K

Unveiling China's Ecological Wonders with URSA Mini Pro 12K Brie Clayton July 4, 2025 0 Comments Nature Documentaries Freeze Epic Momentsin Extrem...

04/07/2025

Create Any Planet in After Effects

Create Any Planet in After Effects Graham Quince July 4, 2025 0 Comments The Advanced 3D renderer in After Effects makes it really easy to import 3D o...

04/07/2025

Custom Gradient Colorize for Resolve Fusion

Custom Gradient Colorize for Resolve Fusion Simon Ubsdell July 4, 2025 0 Comments Digging into the theory of the gradient colorize process to build ou...

04/07/2025

NESN Gives Red Sox-Reds Matchup a Retro Makeover

Watching live sports on TV these days is a delicate balance for broadcasters how much information is too much?...

04/07/2025

FCC Announces Tentative Agenda for July Open Meeting

WASHINGTON As Federal Communications Commission Chair Brendan Carr works to achieve his goal of a very busy, productive summer at the FCC, the agency has rele...

04/07/2025

Other World Computing Launches OWC Guardian USB-C Hardware-Encrypted Portable SSD

Other World Computing Launches OWC Guardian USB-C Hardware-Encrypted Portable SS...

04/07/2025

CANAL+ Brings MotoGP to Vision Pro with Blackmagic URSA Cine Immersive

CANAL Brings MotoGP to Vision Pro with Blackmagic URSA Cine Immersive Brie Clayton July 3, 2025 0 Comments Experience MotoGP like never before as CA...

04/07/2025

Official trailer revealed for new season of BAFTA-winning Sky Original comedy Mr Bigstuff, coming 24 July

Friday 4 July 2025 Watch the trailer here https://youtu.be/Od5WpvWmDr8 Further...

04/07/2025

Join RT Radio 1 for The Pitch, a new series exploring the heart of Ireland's GAA Clubs

The Pitch comes to RT Radio 1 airwaves this Sunday at 7pm. The Pitch is a brand...

03/07/2025

Introducing: New Carts

For our Vario-Jib, as well as for a repertoire of weights, we now have carts that make transport easier...

03/07/2025

Introducing: Slider Drive Unit

One of our latest innovations: Slider Drive Unit! Our Vario Slider not only comes with improvements and new features, but also with its own drive unit! Our i...

03/07/2025

Introducing: ARRI EVO 360

The 360 EVO lives up to its name: 360-degree rotation not only on the pan axis, but also on the roll axis, enables filmmakers to take their creative visions eve...

03/07/2025

Panther at BSC EXPO 2025

What a buzzing few days at BSCExpo in London! We were thrilled to connect with so many talented professionals from the world of cinematography. A huge thank ...

03/07/2025

"The whole rig had to be detachable mid-episode

ADOLESCENCE - Shot with Panther Tower"The whole rig had to be detachable mid-episode Netflix limited drama series Adolescence has been gaining attentio...

03/07/2025

Advanced Communication Systems Unleash a Tactical Advantage in Modern Combat Operations

To achieve a true level of decisive overmatch, communication systems must be as ...

03/07/2025

Paramount's Ray Hopkins Joins Broadcasters Foundation Board

The Broadcasters Foundation of America has named Ray Hopkins, president of U.S. distribution at Paramount Global, to its board of directors....

03/07/2025

FCC Chair Carr Lays Out Infrastructure Policy Agenda

SIOUX FALLS, S.D. In his first major policy speech, Federal Communications Commission chair Brendan Carr outlined his Build America Agenda for the agency'...

03/07/2025

TV Tech's Top NextGen TV Stories of 2025

As the industry is making a major push to transition to NextGen TV and develop new businesses that will fund the next generation of broadcasting, TV Tech's ...

03/07/2025

Netflix Rolls Out AV1 Film Grain Synthesis Streams for Film Content

Despite enabling its subscribers to watch films and TV shows in the highest possible resolution, Netflix has revealed it is taking things old school with the in...

03/07/2025

FCC's Gomez, Sen. Markey, Critics Blast Paramount-Trump Settlement

WASHINGTON In response to news that Paramount Global has agreed to pay $16 million to settle a lawsuit by President Donald Trump, Democrats and other administra...

03/07/2025

Riedel Communications Unveils RefSuite Sports Ecosystem

WUPPERTAL, Germany Riedel Communications today launched RefSuite for professional sports workflows....

03/07/2025

LYNX Technik Appoints New Executive Leadership Team

WEITERSTADT, Germany LYNX Technik, a provider of modular signal processing solutions, has announced that founder and longtime CEO Winfried Deckelmann is steppin...

03/07/2025

CTA, NCTA, LPTVBA Meet With FCC to Oppose NAB's ATSC 3.0 Petition

WASHINGTON Representatives from six trade groups representing tech, pay TV, broadband, LPTV and other sectors recently met with Federal Communications Commissio...

03/07/2025

Dan Whealy Acquires Heartland Video Systems

PLYMOUTH, Wis. Dan Whealy has acquired Heartland Video Systems and will be its new owner and president, the systems integrator said....

03/07/2025

Filmmaker Jay Holben Releases The Directors Guide to Ever...

Acclaimed filmmaker, educator, and industry veteran Jay Holben has released his most ambitious work to date: The Director's Guide to Everything a sweeping...