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[6-K] VEON Ltd. ADS Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

Schedule 13D/A Amendment No. 4 filed by OrbiMed-affiliated entities discloses a material change in their ownership of Ikena Oncology, Inc. (NASDAQ: IKNA) common stock.

On 14 June 2025 OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) and Worldwide Healthcare Trust PLC (WWH) notified the issuer that they were raising the beneficial-ownership cap on their Non-Voting Shares from 9.99 % to 19.99 %. Because of this action, 6,042,193 Non-Voting Shares will automatically convert into voting common shares 61 days after the notice date. The conversion lifts the total number of shares the “Reporting Persons” may be deemed to own by more than 1 %, triggering this amendment.

Post-conversion beneficial ownership (based on 47,931,718 total shares assumed outstanding):

  • OrbiMed Advisors LLC – 8,008,913 shares (16.71 % of class) with shared voting & dispositive power.
  • OrbiMed Capital GP VI LLC (general partner of OPI VI) – 7,768,790 shares (16.21 %).
  • OrbiMed Capital LLC (investment adviser to WWH) – 1,572,638 shares (3.28 %) held with sole voting & dispositive power.
  • OrbiMed Genesis GP LLC – 240,123 shares (0.50 %).

The filing reiterates historical agreements connected to OrbiMed’s 2023‐backed merger between IKNA and Pionyr Immunotherapeutics, including Investors’ Rights, Support and Contingent Value Rights (CVR) agreements that grant demand, piggy-back and Form S-3 registration rights, lock-up provisions, and a 50 % share in net proceeds from any sale of Pionyr’s legacy assets.

No immediate plans to alter IKNA’s strategy, board or capital structure are declared. OrbiMed states it may acquire or dispose of shares opportunistically, depending on market conditions.

L'emendamento n. 4 al Schedule 13D/A presentato da entità affiliate a OrbiMed rivela una modifica significativa nella loro partecipazione azionaria in Ikena Oncology, Inc. (NASDAQ: IKNA) azioni ordinarie.

Il 14 giugno 2025 OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) e Worldwide Healthcare Trust PLC (WWH) hanno notificato all'emittente l'aumento del limite di proprietà effettiva sulle loro Azioni senza diritto di voto dal 9,99% al 19,99%. A seguito di questa decisione, 6.042.193 Azioni senza diritto di voto si convertiranno automaticamente in azioni ordinarie con diritto di voto 61 giorni dopo la data della notifica. Questa conversione fa superare ai “Soggetti Segnalanti” la soglia dell'1% di possesso totale di azioni, attivando così questo emendamento.

Partecipazione azionaria post-conversione (basata su 47.931.718 azioni totali presumibilmente in circolazione):

  • OrbiMed Advisors LLC – 8.008.913 azioni (16,71% della categoria) con potere condiviso di voto e disposizione.
  • OrbiMed Capital GP VI LLC (socio accomandatario di OPI VI) – 7.768.790 azioni (16,21%).
  • OrbiMed Capital LLC (consulente d'investimento di WWH) – 1.572.638 azioni (3,28%) detenute con potere esclusivo di voto e disposizione.
  • OrbiMed Genesis GP LLC – 240.123 azioni (0,50%).

La comunicazione ribadisce gli accordi storici legati alla fusione supportata da OrbiMed nel 2023 tra IKNA e Pionyr Immunotherapeutics, inclusi gli accordi sui diritti degli investitori, di supporto e sui diritti di valore contingente (CVR) che prevedono diritti di richiesta, piggy-back e registrazione Form S-3, clausole di lock-up e una quota del 50% dei proventi netti da qualsiasi vendita degli asset legacy di Pionyr.

Non sono dichiarati piani immediati per modificare la strategia, il consiglio di amministrazione o la struttura del capitale di IKNA. OrbiMed dichiara che potrà acquisire o cedere azioni in modo opportunistico, in base alle condizioni di mercato.

La enmienda n.º 4 al Schedule 13D/A presentada por entidades afiliadas a OrbiMed revela un cambio material en su propiedad de acciones ordinarias de Ikena Oncology, Inc. (NASDAQ: IKNA).

El 14 de junio de 2025, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) y Worldwide Healthcare Trust PLC (WWH) notificaron al emisor que elevaron el límite de propiedad beneficiaria sobre sus Acciones sin derecho a voto del 9,99 % al 19,99 %. Como resultado, 6.042.193 Acciones sin derecho a voto se convertirán automáticamente en acciones ordinarias con derecho a voto 61 días después de la fecha de notificación. Esta conversión hace que el número total de acciones que las “Personas Informantes” pueden considerarse propietarias aumente en más del 1 %, lo que activa esta enmienda.

Propiedad beneficiaria después de la conversión (basado en 47.931.718 acciones totales supuestas en circulación):

  • OrbiMed Advisors LLC – 8.008.913 acciones (16,71 % de la clase) con poder compartido de voto y disposición.
  • OrbiMed Capital GP VI LLC (socio general de OPI VI) – 7.768.790 acciones (16,21 %).
  • OrbiMed Capital LLC (asesor de inversiones de WWH) – 1.572.638 acciones (3,28 %) con poder exclusivo de voto y disposición.
  • OrbiMed Genesis GP LLC – 240.123 acciones (0,50 %).

La presentación reitera acuerdos históricos vinculados a la fusión respaldada por OrbiMed en 2023 entre IKNA y Pionyr Immunotherapeutics, incluyendo acuerdos de derechos de inversores, apoyo y derechos contingentes de valor (CVR) que otorgan derechos de demanda, piggy-back y registro en Formulario S-3, disposiciones de bloqueo y una participación del 50 % en los ingresos netos de cualquier venta de los activos heredados de Pionyr.

No se declaran planes inmediatos para alterar la estrategia, el consejo o la estructura de capital de IKNA. OrbiMed indica que puede adquirir o disponer acciones oportunistamente, dependiendo de las condiciones del mercado.

OrbiMed 계열사가 제출한 Schedule 13D/A 수정안 4호는 Ikena Oncology, Inc. (NASDAQ: IKNA)의 보통주 소유권에 중대한 변동이 있음을 공개합니다.

2025년 6월 14일, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis), Worldwide Healthcare Trust PLC (WWH)는 발행사에 자신들의 무의결권 주식에 대한 실질 소유 한도를 9.99%에서 19.99%로 상향 조정했다고 통지했습니다. 이 조치로 인해 6,042,193주의 무의결권 주식이 통지일로부터 61일 후 자동으로 의결권 있는 보통주로 전환됩니다. 이 전환으로 “보고자”들이 보유한 주식 총수가 1% 이상 증가하여 본 수정안 제출이 촉발되었습니다.

전환 후 실질 소유권 (총 47,931,718주를 발행주식으로 가정):

  • OrbiMed Advisors LLC – 8,008,913주 (16.71% 해당 클래스) 공동 의결권 및 처분권 보유.
  • OrbiMed Capital GP VI LLC (OPI VI의 일반 파트너) – 7,768,790주 (16.21%).
  • OrbiMed Capital LLC (WWH의 투자 자문사) – 1,572,638주 (3.28%) 단독 의결권 및 처분권 보유.
  • OrbiMed Genesis GP LLC – 240,123주 (0.50%).

본 제출서는 OrbiMed가 2023년에 지원한 IKNA와 Pionyr Immunotherapeutics 간 합병과 관련된 과거 계약들을 재확인하며, 투자자 권리, 지원 및 조건부 가치 권리(CVR) 계약을 포함합니다. 이 계약들은 요구권, 피기백 권리, Form S-3 등록 권리, 락업 조항, 그리고 Pionyr의 기존 자산 매각에서 발생하는 순수익의 50% 지분을 부여합니다.

IKNA의 전략, 이사회 또는 자본 구조를 즉시 변경할 계획은 없으며, OrbiMed는 시장 상황에 따라 기회가 있을 때 주식을 매수하거나 처분할 수 있다고 명시했습니다.

L'amendement n° 4 au Schedule 13D/A déposé par des entités affiliées à OrbiMed révèle un changement important dans leur détention d'actions ordinaires d'Ikena Oncology, Inc. (NASDAQ : IKNA).

Le 14 juin 2025, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) et Worldwide Healthcare Trust PLC (WWH) ont informé l'émetteur qu'ils augmentaient le plafond de propriété bénéficiaire sur leurs actions sans droit de vote de 9,99 % à 19,99 %. En conséquence, 6 042 193 actions sans droit de vote seront automatiquement converties en actions ordinaires avec droit de vote 61 jours après la date de notification. Cette conversion fait dépasser aux « personnes déclarantes » le seuil de détention totale d'actions de plus de 1 %, déclenchant ainsi cet amendement.

Détention bénéficiaire post-conversion (sur la base de 47 931 718 actions totales supposées en circulation) :

  • OrbiMed Advisors LLC – 8 008 913 actions (16,71 % de la catégorie) avec pouvoir partagé de vote et de disposition.
  • OrbiMed Capital GP VI LLC (associé commandité d'OPI VI) – 7 768 790 actions (16,21 %).
  • OrbiMed Capital LLC (conseiller en investissement de WWH) – 1 572 638 actions (3,28 %) détenues avec pouvoir exclusif de vote et de disposition.
  • OrbiMed Genesis GP LLC – 240 123 actions (0,50 %).

Le dépôt réitère les accords historiques liés à la fusion soutenue par OrbiMed en 2023 entre IKNA et Pionyr Immunotherapeutics, incluant les accords relatifs aux droits des investisseurs, au soutien et aux droits de valeur contingente (CVR) qui accordent des droits de demande, piggy-back et d'enregistrement au formulaire S-3, des clauses de lock-up, ainsi qu'une part de 50 % des produits nets issus de toute vente des actifs historiques de Pionyr.

Aucun plan immédiat de modification de la stratégie, du conseil d'administration ou de la structure du capital d'IKNA n'est déclaré. OrbiMed indique qu'il pourrait acquérir ou céder des actions de manière opportuniste, en fonction des conditions du marché.

Die von OrbiMed-affiliierten Einheiten eingereichte Änderung Nr. 4 zum Schedule 13D/A offenbart eine wesentliche Änderung ihres Anteils an den Stammaktien der Ikena Oncology, Inc. (NASDAQ: IKNA).

Am 14. Juni 2025 haben OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) und Worldwide Healthcare Trust PLC (WWH) den Emittenten darüber informiert, dass sie die Obergrenze ihres wirtschaftlichen Eigentums an ihren stimmrechtslosen Aktien von 9,99 % auf 19,99 % erhöht haben. Infolge dieser Maßnahme werden 6.042.193 stimmrechtslose Aktien automatisch 61 Tage nach dem Benachrichtigungsdatum in stimmberechtigte Stammaktien umgewandelt. Durch diese Umwandlung erhöht sich die Gesamtzahl der Aktien, die die „meldenden Personen“ als Eigentum gelten können, um mehr als 1 %, was diese Änderung auslöst.

Wirtschaftliches Eigentum nach der Umwandlung (basierend auf 47.931.718 angenommenen ausstehenden Aktien):

  • OrbiMed Advisors LLC – 8.008.913 Aktien (16,71 % der Klasse) mit gemeinsamem Stimm- und Verfügungsrecht.
  • OrbiMed Capital GP VI LLC (Komplementär von OPI VI) – 7.768.790 Aktien (16,21 %).
  • OrbiMed Capital LLC (Investmentberater von WWH) – 1.572.638 Aktien (3,28 %) mit alleinigem Stimm- und Verfügungsrecht.
  • OrbiMed Genesis GP LLC – 240.123 Aktien (0,50 %).

Die Einreichung bekräftigt historische Vereinbarungen im Zusammenhang mit der von OrbiMed im Jahr 2023 unterstützten Fusion zwischen IKNA und Pionyr Immunotherapeutics, einschließlich Investorenrechte-, Unterstützungs- und bedingter Wertrechte (CVR)-Vereinbarungen, die Nachforderungs-, Piggy-Back- und Form-S-3-Registrierungsrechte, Sperrfristen und einen 50 % Anteil an den Nettoerlösen aus dem Verkauf von Pionyrs Altvermögen gewähren.

Es werden keine unmittelbaren Pläne zur Änderung der Strategie, des Vorstands oder der Kapitalstruktur von IKNA erklärt. OrbiMed gibt an, je nach Marktbedingungen opportunistisch Aktien erwerben oder veräußern zu können.

Positive
  • OrbiMed increases its economic and voting stake to 16.71 %, signalling confidence from a well-regarded biotech investor.
  • 6,042,193 Non-Voting Shares convert to common stock, improving share liquidity and potentially broadening institutional ownership.
Negative
  • Conversion adds more than 6 million new voting shares, diluting existing holders’ percentage ownership.
  • Greater ownership concentration (single holder near 20 % limit) may influence governance outcomes and reduce minority influence.

Insights

TL;DR – OrbiMed lifts blocker, converting 6 M non-votes and taking a 16.7 % stake; ownership change but no operational moves disclosed.

The amendment is impactful because the conversion adds 6,042,193 voting shares, raising OrbiMed’s aggregate holding to roughly one-sixth of IKNA’s equity. While the absolute percentage is not control-level, OrbiMed’s deep biotech focus and board representation (David Bonita) give it meaningful influence. The disclosure contains no new capital commitments or strategic directives, limiting immediate financial impact. However, increased float and a more concentrated shareholder base can affect trading dynamics, governance votes and potential future capital raises. Investors should watch for subsequent Form 4 filings and any board or strategic initiatives led by OrbiMed.

TL;DR – Larger voting block enhances OrbiMed’s influence; governance risk and alignment considerations rise.

By raising the beneficial-ownership cap to 19.99 % and converting non-voting stock, OrbiMed materially increases its voting power. The firm already has a director seat and extensive registration rights, so its ability to shape future financings or strategic transactions strengthens. From a governance standpoint, minority investors face higher concentration risk, but OrbiMed’s track record as a sector specialist can also align interests toward value creation. The amendment itself introduces no hostile or change-of-control actions, keeping overall tone neutral.

L'emendamento n. 4 al Schedule 13D/A presentato da entità affiliate a OrbiMed rivela una modifica significativa nella loro partecipazione azionaria in Ikena Oncology, Inc. (NASDAQ: IKNA) azioni ordinarie.

Il 14 giugno 2025 OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) e Worldwide Healthcare Trust PLC (WWH) hanno notificato all'emittente l'aumento del limite di proprietà effettiva sulle loro Azioni senza diritto di voto dal 9,99% al 19,99%. A seguito di questa decisione, 6.042.193 Azioni senza diritto di voto si convertiranno automaticamente in azioni ordinarie con diritto di voto 61 giorni dopo la data della notifica. Questa conversione fa superare ai “Soggetti Segnalanti” la soglia dell'1% di possesso totale di azioni, attivando così questo emendamento.

Partecipazione azionaria post-conversione (basata su 47.931.718 azioni totali presumibilmente in circolazione):

  • OrbiMed Advisors LLC – 8.008.913 azioni (16,71% della categoria) con potere condiviso di voto e disposizione.
  • OrbiMed Capital GP VI LLC (socio accomandatario di OPI VI) – 7.768.790 azioni (16,21%).
  • OrbiMed Capital LLC (consulente d'investimento di WWH) – 1.572.638 azioni (3,28%) detenute con potere esclusivo di voto e disposizione.
  • OrbiMed Genesis GP LLC – 240.123 azioni (0,50%).

La comunicazione ribadisce gli accordi storici legati alla fusione supportata da OrbiMed nel 2023 tra IKNA e Pionyr Immunotherapeutics, inclusi gli accordi sui diritti degli investitori, di supporto e sui diritti di valore contingente (CVR) che prevedono diritti di richiesta, piggy-back e registrazione Form S-3, clausole di lock-up e una quota del 50% dei proventi netti da qualsiasi vendita degli asset legacy di Pionyr.

Non sono dichiarati piani immediati per modificare la strategia, il consiglio di amministrazione o la struttura del capitale di IKNA. OrbiMed dichiara che potrà acquisire o cedere azioni in modo opportunistico, in base alle condizioni di mercato.

La enmienda n.º 4 al Schedule 13D/A presentada por entidades afiliadas a OrbiMed revela un cambio material en su propiedad de acciones ordinarias de Ikena Oncology, Inc. (NASDAQ: IKNA).

El 14 de junio de 2025, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) y Worldwide Healthcare Trust PLC (WWH) notificaron al emisor que elevaron el límite de propiedad beneficiaria sobre sus Acciones sin derecho a voto del 9,99 % al 19,99 %. Como resultado, 6.042.193 Acciones sin derecho a voto se convertirán automáticamente en acciones ordinarias con derecho a voto 61 días después de la fecha de notificación. Esta conversión hace que el número total de acciones que las “Personas Informantes” pueden considerarse propietarias aumente en más del 1 %, lo que activa esta enmienda.

Propiedad beneficiaria después de la conversión (basado en 47.931.718 acciones totales supuestas en circulación):

  • OrbiMed Advisors LLC – 8.008.913 acciones (16,71 % de la clase) con poder compartido de voto y disposición.
  • OrbiMed Capital GP VI LLC (socio general de OPI VI) – 7.768.790 acciones (16,21 %).
  • OrbiMed Capital LLC (asesor de inversiones de WWH) – 1.572.638 acciones (3,28 %) con poder exclusivo de voto y disposición.
  • OrbiMed Genesis GP LLC – 240.123 acciones (0,50 %).

La presentación reitera acuerdos históricos vinculados a la fusión respaldada por OrbiMed en 2023 entre IKNA y Pionyr Immunotherapeutics, incluyendo acuerdos de derechos de inversores, apoyo y derechos contingentes de valor (CVR) que otorgan derechos de demanda, piggy-back y registro en Formulario S-3, disposiciones de bloqueo y una participación del 50 % en los ingresos netos de cualquier venta de los activos heredados de Pionyr.

No se declaran planes inmediatos para alterar la estrategia, el consejo o la estructura de capital de IKNA. OrbiMed indica que puede adquirir o disponer acciones oportunistamente, dependiendo de las condiciones del mercado.

OrbiMed 계열사가 제출한 Schedule 13D/A 수정안 4호는 Ikena Oncology, Inc. (NASDAQ: IKNA)의 보통주 소유권에 중대한 변동이 있음을 공개합니다.

2025년 6월 14일, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis), Worldwide Healthcare Trust PLC (WWH)는 발행사에 자신들의 무의결권 주식에 대한 실질 소유 한도를 9.99%에서 19.99%로 상향 조정했다고 통지했습니다. 이 조치로 인해 6,042,193주의 무의결권 주식이 통지일로부터 61일 후 자동으로 의결권 있는 보통주로 전환됩니다. 이 전환으로 “보고자”들이 보유한 주식 총수가 1% 이상 증가하여 본 수정안 제출이 촉발되었습니다.

전환 후 실질 소유권 (총 47,931,718주를 발행주식으로 가정):

  • OrbiMed Advisors LLC – 8,008,913주 (16.71% 해당 클래스) 공동 의결권 및 처분권 보유.
  • OrbiMed Capital GP VI LLC (OPI VI의 일반 파트너) – 7,768,790주 (16.21%).
  • OrbiMed Capital LLC (WWH의 투자 자문사) – 1,572,638주 (3.28%) 단독 의결권 및 처분권 보유.
  • OrbiMed Genesis GP LLC – 240,123주 (0.50%).

본 제출서는 OrbiMed가 2023년에 지원한 IKNA와 Pionyr Immunotherapeutics 간 합병과 관련된 과거 계약들을 재확인하며, 투자자 권리, 지원 및 조건부 가치 권리(CVR) 계약을 포함합니다. 이 계약들은 요구권, 피기백 권리, Form S-3 등록 권리, 락업 조항, 그리고 Pionyr의 기존 자산 매각에서 발생하는 순수익의 50% 지분을 부여합니다.

IKNA의 전략, 이사회 또는 자본 구조를 즉시 변경할 계획은 없으며, OrbiMed는 시장 상황에 따라 기회가 있을 때 주식을 매수하거나 처분할 수 있다고 명시했습니다.

L'amendement n° 4 au Schedule 13D/A déposé par des entités affiliées à OrbiMed révèle un changement important dans leur détention d'actions ordinaires d'Ikena Oncology, Inc. (NASDAQ : IKNA).

Le 14 juin 2025, OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) et Worldwide Healthcare Trust PLC (WWH) ont informé l'émetteur qu'ils augmentaient le plafond de propriété bénéficiaire sur leurs actions sans droit de vote de 9,99 % à 19,99 %. En conséquence, 6 042 193 actions sans droit de vote seront automatiquement converties en actions ordinaires avec droit de vote 61 jours après la date de notification. Cette conversion fait dépasser aux « personnes déclarantes » le seuil de détention totale d'actions de plus de 1 %, déclenchant ainsi cet amendement.

Détention bénéficiaire post-conversion (sur la base de 47 931 718 actions totales supposées en circulation) :

  • OrbiMed Advisors LLC – 8 008 913 actions (16,71 % de la catégorie) avec pouvoir partagé de vote et de disposition.
  • OrbiMed Capital GP VI LLC (associé commandité d'OPI VI) – 7 768 790 actions (16,21 %).
  • OrbiMed Capital LLC (conseiller en investissement de WWH) – 1 572 638 actions (3,28 %) détenues avec pouvoir exclusif de vote et de disposition.
  • OrbiMed Genesis GP LLC – 240 123 actions (0,50 %).

Le dépôt réitère les accords historiques liés à la fusion soutenue par OrbiMed en 2023 entre IKNA et Pionyr Immunotherapeutics, incluant les accords relatifs aux droits des investisseurs, au soutien et aux droits de valeur contingente (CVR) qui accordent des droits de demande, piggy-back et d'enregistrement au formulaire S-3, des clauses de lock-up, ainsi qu'une part de 50 % des produits nets issus de toute vente des actifs historiques de Pionyr.

Aucun plan immédiat de modification de la stratégie, du conseil d'administration ou de la structure du capital d'IKNA n'est déclaré. OrbiMed indique qu'il pourrait acquérir ou céder des actions de manière opportuniste, en fonction des conditions du marché.

Die von OrbiMed-affiliierten Einheiten eingereichte Änderung Nr. 4 zum Schedule 13D/A offenbart eine wesentliche Änderung ihres Anteils an den Stammaktien der Ikena Oncology, Inc. (NASDAQ: IKNA).

Am 14. Juni 2025 haben OrbiMed Private Investments VI, LP (OPI VI), OrbiMed Genesis Master Fund, L.P. (Genesis) und Worldwide Healthcare Trust PLC (WWH) den Emittenten darüber informiert, dass sie die Obergrenze ihres wirtschaftlichen Eigentums an ihren stimmrechtslosen Aktien von 9,99 % auf 19,99 % erhöht haben. Infolge dieser Maßnahme werden 6.042.193 stimmrechtslose Aktien automatisch 61 Tage nach dem Benachrichtigungsdatum in stimmberechtigte Stammaktien umgewandelt. Durch diese Umwandlung erhöht sich die Gesamtzahl der Aktien, die die „meldenden Personen“ als Eigentum gelten können, um mehr als 1 %, was diese Änderung auslöst.

Wirtschaftliches Eigentum nach der Umwandlung (basierend auf 47.931.718 angenommenen ausstehenden Aktien):

  • OrbiMed Advisors LLC – 8.008.913 Aktien (16,71 % der Klasse) mit gemeinsamem Stimm- und Verfügungsrecht.
  • OrbiMed Capital GP VI LLC (Komplementär von OPI VI) – 7.768.790 Aktien (16,21 %).
  • OrbiMed Capital LLC (Investmentberater von WWH) – 1.572.638 Aktien (3,28 %) mit alleinigem Stimm- und Verfügungsrecht.
  • OrbiMed Genesis GP LLC – 240.123 Aktien (0,50 %).

Die Einreichung bekräftigt historische Vereinbarungen im Zusammenhang mit der von OrbiMed im Jahr 2023 unterstützten Fusion zwischen IKNA und Pionyr Immunotherapeutics, einschließlich Investorenrechte-, Unterstützungs- und bedingter Wertrechte (CVR)-Vereinbarungen, die Nachforderungs-, Piggy-Back- und Form-S-3-Registrierungsrechte, Sperrfristen und einen 50 % Anteil an den Nettoerlösen aus dem Verkauf von Pionyrs Altvermögen gewähren.

Es werden keine unmittelbaren Pläne zur Änderung der Strategie, des Vorstands oder der Kapitalstruktur von IKNA erklärt. OrbiMed gibt an, je nach Marktbedingungen opportunistisch Aktien erwerben oder veräußern zu können.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934

For the month of July 2025

Commission File Number 1-34694

VEON Ltd.
(Translation of registrant’s name into English)

Index Tower (East Tower), Unit 1703, Dubai (DIFC), United Arab Emirates
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): o.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7): o.







Information contained in this report

On July 2, 2025, the Registrant issued a press release, a copy of which is furnished hereto as Exhibits 99.1.






EXHIBIT INDEX


Exhibit No. Description of Exhibit
99.1
Press Release, dated July 2, 2025








SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

VEON LTD.
(Registrant)
Date: July 3, 2025
By:/s/ Vitaly Shmakov
Name:Vitaly Shmakov
Title:Acting Group General Counsel

Veon Ltd

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