VEON announces postponement to effectiveness of ratio change under its American Depositary Receipt (“ADR”) program
06 March 2023 - 5:00PM
VEON announces postponement to effectiveness of ratio change under
its American Depositary Receipt (“ADR”) program
Amsterdam, Netherlands, 6 March 2023
07:00 CET: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON)
(“VEON” or the “Company”), a global digital operator that provides
converged connectivity and online services, today provides an
update on the timing of the ratio change under the Company’s ADR
program, previously announced on 6 February 2023 and originally
planned to become effective on 6 March 2023. The Company was
informed late afternoon on Friday 3 March 2023 by BNY Mellon that
the ratio change effectiveness has been postponed as The Depository
Trust & Clearing Corporation (“DTCC”) was not
prepared to make the new CUSIP with new ratio available on Monday,
6 March 2023 as scheduled. The Company awaits further confirmation
from DTCC as to when it will be prepared to make the new CUSIP with
new ratio available and will announce the new timing for
effectiveness as soon as this is confirmed.
The Company’s original announcement with respect
to the ratio change can be found on the Company’s website at this
address:https://www.veon.com/media/media-releases/2023/veon-announces-ratio-change-under-its-american-depositary-receipt-adr-program/
About VEONVEON is a global
digital operator that currently provides converged connectivity and
online services to over 200 million customers in seven dynamic
markets. We are transforming people’s lives, empowering
individuals, creating opportunities for greater digital inclusion
and driving economic growth across countries that are home to more
than 8% of the world’s population. Headquartered in Amsterdam, VEON
is listed on NASDAQ and Euronext.
For more information visit:
https://www.veon.com.
Important NoticeThis release 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 press release is not a prospectus for the
purposes of Regulation (EU) 2017/1129.
This communication 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
to or for the benefit of any Russian person or entity and does not
constitute an advertisement or offering of securities in the
Russian Federation within the meaning of Russian securities
laws.
Elements of this press release contain or may
contain “inside information” as defined under the Market Abuse
Regulation (EU) No. 596/2014.
DisclaimerThis 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, expectations regarding
the ADR ratio change. 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 and except as set forth above, any forward-looking
statement to reflect events or circumstances after such date or to
reflect the occurrence of unanticipated events.
Contact InformationVEONGroup
Director Investor RelationsNik Kershawir@veon.com
VEON (EU:VEON)
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