VEON cancels 27M common shares under buyback program
The cancellation represented approximately 1.5% of VEON’s total issued shares; the ongoing program targets 3.9% of outstanding shares.
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Form Type
6-K
Rhea-AI Filing Summary
VEON Ltd. canceled 26,951,230 common shares, equivalent to 1,078,049 ADSs, representing approximately 1.5% of its total issued shares. The cancellation was pursuant to an ongoing share buyback program announced September 23, 2026, to buy back and cancel 3.9% of VEON’s outstanding shares.
Insights
Analyzing...
Key Figures
Common shares canceled: 26,951,230 shares
ADSs equivalent: 1,078,049 ADSs
Share of total issued shares canceled: Approximately 1.5%
+1 more
4 metrics
Common shares canceled
26,951,230 shares
Cancellation under the ongoing share buyback program
ADSs equivalent
1,078,049 ADSs
Equivalent to the common shares canceled
Share of total issued shares canceled
Approximately 1.5%
Share cancellation
Buyback program target
3.9% of outstanding shares
Program announced September 23, 2026
Key Terms
ADSs, total issued shares, outstanding shares
3 terms
ADSs financial
"equivalent to 1,078,049 ADSs"
FAQ
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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 October 2026
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 October 20, 2026, the Registrant issued a press release, a copy of which is furnished hereto as Exhibit 99.1.
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit | ||||
99.1 | Press Release, dated October 20, 2026 | ||||
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: October 20, 2026 | ||||||||
| By: | /s/ Sebastian Rice | |||||||
| Name: | Sebastian Rice | |||||||
| Title: | Group General Counsel | |||||||
VEON Advances Buyback Program, Cancels Shares New York and Dubai, October 20, 2026. VEON Ltd. (Nasdaq: VEON), a global digital operator, today confirmed the cancellation of approximately 1.5% of its total issued shares. Today’s cancellation of 26,951,230 common shares (equivalent to 1,078,049 ADSs) is pursuant to VEON’s ongoing share buyback program announced on September 23, 2026 to buy back and cancel 3.9% of VEON’s outstanding shares. About VEON VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity and more than 228 million digital customers. Operating across five countries that are home to 550 million consumers, more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information, visit: https://www.veon.com. Forward-Looking Statements This release contains “forward-looking statements”, within the meaning of 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. Such forward-looking statements include, but are not limited to, statements relating to the execution and/or impact of the buyback of the VEON Group’s ADSs and shares and the cancellation of such shares. There are numerous risks and 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 the VEON Group’s ADSs and shares, among others discussed in the section entitled “Risk Factors” in VEON’s 2025 Form 20-F filed with the SEC on March 16, 2026 and other public filings made by VEON with the SEC. There is no assurance that the buyback of VEON ADSs and shares and the cancellation of such shares will be completed or that other events described in any forward-looking statement will materialize. 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.