VEON approves $30 million share buyback program, part of larger $100 million plan

From GlobeNewswire: 2024-12-09 11:00:00

VEON Ltd. has approved a share buyback program starting with a $30 million phase for its American Depositary Shares (ADS). The larger plan aims to reach $100 million in buybacks, conducted on the open market under a 10b5-1 plan. The decision reflects VEON’s confidence in its growth and shareholder value. CEO Kaan Terzioglu emphasized the commitment to long-term value while maintaining financial discipline. The specifics of subsequent phases will depend on liquidity, market conditions, legal requirements, and other factors. VEON, a digital operator, operates across six countries and serves nearly 160 million customers.



Read more at GlobeNewswire: VEON Approves Launch of the Initial USD 30 Million Phase of