VEON Granted Extension by Nasdaq for 20-F Filing
July 09 2024 - 10:30AM
Amsterdam, 9 July 2024 – VEON Ltd.
(NASDAQ, Euronext Amsterdam: VEON), a global digital operator that
provides converged connectivity and online services, (“VEON” or the
“Company”), confirms that Nasdaq has accepted the Company’s plan
submitted May 29, 2024 to regain compliance in connection with the
delayed filing of its Annual Report on Form 20-F for the year ended
December 31, 2023 (“2023 20-F”). Nasdaq has granted the Company an
exception, enabling it to regain compliance with the listing rules
by filing its 2023 20-F on or before November 11, 2024.
VEON had previously reported that it would be delayed in its
filing of its 2023 20-F due to extraordinary circumstances related
to the war in Ukraine and the sale of its Russian operations which
impacted its ability to appoint an independent Public Company
Accounting Oversight Board (“PCAOB”) registered audit firm; and
announced that it had received notice from Nasdaq that it was not
in compliance with the timely filing requirements for continued
listing under Nasdaq Listing Rule 5250(c)(1). Since that time, the
Company has also announced it has appointed UHY LLP (“UHY”) as its
PCAOB auditors for the 2023 20-F. The Company’s plan to regain
compliance has now been accepted by the Listing Qualifications
Department of The Nasdaq Stock Market, which granted the Company an
exception for its delayed 2023 20-F filing.
The Company confirms that, as previously announced, it continues
to work diligently together with UHY in order to complete and file
its 2023 20-F in the fourth quarter of 2024.
About VEONVEON 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.
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, VEON’s timeline for
publication of its annual report and compliance with Nasdaq listing
requirements. 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.
There can be no assurance that the initiatives referred to above
will be successful.
Contact information
Hande Asik Group Director of Communication pr@veon.com
Faisal Ghori Group Director of Investor Relationsir@veon.com
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