VEON appoints PricewaterhouseCoopers as the Dutch statutory financial statement auditors
VEON Ltd. has appointed PricewaterhouseCoopers Accountants N.V. as its statutory financial statement auditors for 2022.
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Rhea-AI Summary
VEON Ltd. has appointed PricewaterhouseCoopers Accountants N.V. as its statutory financial statement auditors for 2022. Due to the ongoing military conflict in Ukraine, the completion of the audit may miss the statutory deadline of April 30, 2023. Michiel Soeting, Chairman of the Group Audit and Risk Committee, expressed optimism about collaborating with PWC in concluding this crucial process. VEON, a global digital operator serving over 200 million customers, focuses on enhancing digital connectivity and economic growth.
Positive
- Appointment of PWC as auditors may bring enhanced credibility to VEON's financial processes.
Negative
- Potential delay in completing the 2022 audit due to the military conflict in Ukraine could raise concerns among investors.
Details
News Market Reaction – VEON
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Amsterdam, 11 January 2023 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON) (“VEON” or, together with its subsidiaries, the “Group”), a global digital operator that provides converged connectivity and online services, announces the appointment of PricewaterhouseCoopers Accountants N.V. as the Dutch statutory financial statement auditors for the year ended December 31, 2022.
The Company notes that due to the military conflict in Ukraine and its consequences, it is unlikely that the audit of the 2022 Dutch financial statements can be completed within the statutory deadline of 30 April 2023.
Chairman of the Group Audit and Risk Committee Michiel Soeting commented: “We welcome the appointment of PWC as our auditors for the year ended December 31, 2022 and look forward to working together over the coming months to conclude this important process.”
Disclaimer
This press 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 management plans and the ability to successfully execute operating model, governance, strategic and development 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 date or to reflect the occurrence of unanticipated events.
About VEON
VEON is a global digital operator that currently provides converged connectivity and online services to over 200 million customers in seven high-growth 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
For more information visit: https://www.veon.com.
Contact Information
VEON
Investor Relations
Nik Kershaw
ir@veon.com
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