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VEON Shares Now Trade Exclusively on Nasdaq in New York
VEONVEON .(VEON) GlobeNewswire News Room·2024-11-25 15:00

Company Strategy - VEON consolidates its share trading on the Nasdaq Capital Market in New York, ceasing trading on Euronext Amsterdam to enhance liquidity and simplify reporting [1][2] - The move to Nasdaq is part of VEON's strategy to improve accessibility for current and potential investors, focusing on growth in dynamic frontier markets [3] - VEON plans to relocate its Group headquarters to Dubai, increasing visibility for Gulf investors and becoming the largest Nasdaq-listed company with a Dubai headquarters [4] Shareholder Information - VEON's common shares will continue to be traded on Nasdaq as American depositary shares (ADSs), with each ADS representing 25 common shares under the ticker symbol VEON [4] - Euronext Amsterdam shareholders can deposit their Common Shares with The Bank of New York Mellon in exchange for ADSs, with VEON covering ADS issuance fees until 6 December 2024 [5] Company Overview - VEON is a Nasdaq-listed digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [7] - The company focuses on technology-driven services that empower individuals and drive economic growth in its operating regions [7]