VEON Commences USD 100 million Buyback Program
VEON (Nasdaq: VEON) has commenced a USD 100 million buyback program announced on November 10, 2025.
The Board authorized repurchases of ADSs and/or outstanding bonds up to USD 100 million, with the final split between equity and debt to be set by prevailing market conditions. The company cited current trading levels as materially undervaluing its fundamentals and said selective ADS repurchases and bond buybacks can be value-accretive and reduce future interest obligations.
Buybacks will be executed on the open market under a 10b5-1 plan with a registered broker-dealer and in compliance with Rule 10b-18.
VEON (Nasdaq: VEON) ha avviato un programma di riacquisto azionario da USD 100 milioni annunciato il 10 novembre 2025.
Il Consiglio ha autorizzato riacquisti di ADS e/o obbligazioni in circolazione fino a USD 100 milioni, con la ripartizione finale tra capitale proprio e debito da stabilire in base alle condizioni di mercato prevalenti. L'azienda ha indicato che i livelli di quotazione attuali svalutano in modo sostanziale i suoi fondamentali e ha affermato che i riacquisti mirati di ADS e il riacquisto di obbligazioni possono creare valore e ridurre gli oneri futuri di interessi.
I riacquisti verranno eseguiti sul mercato aperto nell'ambito di un piano 10b5-1 con un broker-dealer registrato e in conformità con la Regola 10b-18.
VEON (Nasdaq: VEON) ha puesto en marcha un programa de recompra por USD 100 millones anunciado el 10 de noviembre de 2025.
La Junta autorizó recompras de ADS y/o bonos en circulación por hasta USD 100 millones, con la división final entre acciones y deuda que será determinada por las condiciones de mercado prevalecientes. La empresa citó que los niveles de cotización actuales subvaloran significativamente sus fundamentos y dijo que las recompras selectivas de ADS y las recompra de bonos pueden aumentar el valor y reducir las obligaciones de intereses futuras.
Las recompras se ejecutarán en el mercado abierto bajo un plan 10b5-1 con un corredor-dealer registrado y en conformidad con la Regla 10b-18.
VEON (나스닥: VEON)은 2025년 11월 10일 발표된 1억 달러 규모의 자사주 매입 프로그램을 시작했습니다.
이사회는 ADS 및/또는 발행 채권의 매입을 최대 1억 달러까지 허용했으며, 지분과 부채 간 최종 구분은 시장 여건에 따라 결정됩니다. 회사는 현재의 거래 수준이 기초 가치에 비해 현저히 저평가되어 있다고 지적했고, 선택적 ADS 매입과 채권 매입이 가치 증가를 가져오고 향후 이자 부담을 줄일 수 있다고 말했습니다.
매입은 10b5-1 플랜에 따라 등록된 중개인-딜러와 함께 공개 시장에서 수행되며 규칙 10b-18을 준수합니다.
VEON (Nasdaq : VEON) a lancé un programme de rachat d'actions d'un montant de 100 millions de dollars américains annoncé le 10 novembre 2025.
Le conseil d'administration a autorisé des rachats de ADS et/ou d'obligations en circulation jusqu'à 100 millions USD, la répartition finale entre capitaux propres et dette devant être définie en fonction des conditions de marché prévalentes. L'entreprise a indiqué que les niveaux actuels de cotation sous-évaluent largement ses fondamentaux et a déclaré que des rachats sélectifs d'ADS et des rachats obligataires peuvent créer de la valeur et réduire les futures obligations d'intérêts.
Les rachats seront effectués sur le marché libre dans le cadre d'un plan 10b5-1 avec un courtier-négociant enregistré et conformément à la Règle 10b-18.
VEON (Nasdaq: VEON) hat ein am Markt durchzuführendes Rückkaufprogramm über USD 100 Millionen gestartet, das am 10. November 2025 angekündigt wurde.
Der Vorstand hat Rückkäufe von ADS und/oder ausstehenden Anleihen in Höhe von bis zu USD 100 Millionen genehmigt, wobei die endgültige Aufteilung zwischen Eigenkapital und Fremdkapital durch die vorherrschenden Marktbedingungen festgelegt wird. Das Unternehmen merkte an, dass die aktuellen Kursniveaus seine Fundamentaldaten erheblich unterbewerten und sagte, dass selektive ADS-Rückkäufe und Anleihe-Rückkäufe wertsteigernd sein und zukünftige Zinsverpflichtungen reduzieren können.
Die Rückkäufe werden am offenen Markt im Rahmen eines 10b5-1-Plans mit einem registrierten Börsenmakler durchgeführt und unter Einhaltung der Rule 10b-18.
VEON (بورصة ناسداك: VEON) قد أعلنت عن بدء برنامج إعادة شراء بقيمة مئة مليون دولار أمريكي كما أعلن في 10 نوفمبر 2025.
وافق المجلس على إعادة شراء ADS و/أو السندات القائمة حتى 100 مليون دولار، مع تحديد التقسيم النهائي بين الأسهم والديون وفقاً لظروف السوق السائدة. أشارت الشركة إلى أن مستويات التداول الحالية تعطي قيمة منخفضة بشكل كبير لأساساتها وقالت إن إعادة شراء ADS المختارة وإعادة شراء السندات يمكن أن تضيف قيمة وتقلل من الالتزامات الفوائد المستقبلية.
سيتم تنفيذ عمليات الشراء في السوق المفتوح وفقاً لـ خطة 10b5-1 مع وسيط/سمسار مسجل ووفقاً لـ القاعدة 10b-18.
- USD 100 million buyback program authorized
- Flexibility to repurchase ADSs and bonds
- Buybacks executed under a 10b5-1 plan and Rule 10b-18
- Bond repurchases may lower future interest obligations
- Final equity-versus-debt allocation remains undetermined
- No specific timeline or tranche sizes disclosed
Dubai, November 17, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it has commenced the buyback program (the “Program”) announced on November 10, 2025. The Program authorized by VEON’s Board enables the Company to buy back ADSs and/or outstanding bonds in an amount up to USD 100 million. The final allocation between equity and debt securities will be determined by prevailing market conditions.
VEON views the current trading levels of its equity as materially undervaluing the Company’s strong fundamentals, cash-generation profile, and digital-operator trajectory; selective ADS repurchases therefore represent an attractive, value-accretive use of capital. At the same time, repurchase of bonds would allow VEON to capture discounts in the debt markets, lower future interest obligations, and proactively manage upcoming maturities.
Kaan Terzioglu, CEO of VEON Group, commented: “Our decision to commence a new buyback program reflects continued growth in the Group’s financial and operating performance, as well as our confidence in the future. The flexibility to buy both equity and debt securities enables us to take a balanced approach that will strengthen VEON’s capital structure while reinforcing confidence in long-term value creation. We remain committed to delivering sustainable growth while maintaining a disciplined approach to capital allocation.”
The buybacks will be conducted on the open market pursuant to a 10b5-1 plan signed with a registered broker-dealer, and in compliance with Rule 10b-18.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 150 million connectivity and 120 million digital users. Operating across five countries that are home to more than
Forward-Looking Statements
This release contains “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements relating to the execution and/or impact of the buyback of VEON Group’s ADSs and/or outstanding bonds. There are numerous risks, uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to uncertainty over the execution and/or impact of the buyback of VEON Group’s ADSs and/or outstanding bonds, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 and other public filings made by VEON with the SEC. The forward-looking statements contained herein speak only as of the date of this release and VEON disclaims any obligation to update them, except as required by law
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
FAQ
What did VEON announce on November 17, 2025 regarding buybacks (VEON)?
Will VEON buy equity or bonds under the USD 100 million program?
How will VEON execute the buybacks for VEON shares and bonds?
What is VEON's stated rationale for the November 2025 buyback (VEON)?
Could VEON's bond repurchases affect its interest costs?
Does the VEON announcement specify buyback timing or tranche amounts?
