VEON (NASDAQ: VEON) waives ADS fees and targets $100M yearly buybacks
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
VEON Ltd. reports that, effective January 1, 2026, BNY Mellon will stop collecting depositary service fees from holders of VEON American Depositary Shares. This change lowers the cost of ownership by USD 0.05 per ADS per year for investors.
The company also highlights a capital allocation policy that targets returning at least USD 100 million annually through share buybacks. VEON describes itself as a digital operator serving over 150 million connectivity customers and more than 205 million digital users across five countries.
Positive
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Negative
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Key Figures
ADS fee reduction: USD 0.05 per ADS per year
Capital return target: at least USD 100 million annually
Connectivity customers: over 150 million
+3 more
6 metrics
ADS fee reduction
USD 0.05 per ADS per year
Suspension of depositary service fees on ADSs
Capital return target
at least USD 100 million annually
Capital allocation policy via share buybacks
Connectivity customers
over 150 million
Connectivity customer base described by VEON
Digital users
more than 205 million
Digital users served across VEON’s markets
Countries of operation
five countries
VEON’s operating footprint
Population coverage
more than 6% of world’s population
Share of global population in VEON’s markets
Key Terms
American Depositary Shares, depositary service fees, share buybacks, forward-looking statements, +1 more
5 terms
depositary service fees financial
"BNY Mellon will not collect depositary service fees (DSF) from investors that hold VEON’s American Depositary Shares"
Depositary service fees are charges levied by a bank or agent that holds and administers securities on behalf of investors, such as processing dividends, exchanging currency, keeping custody of shares and managing depositary receipts. These fees reduce an investor’s net return and can be thought of like a safekeeping and service charge from a bank: small regular costs that quietly lower the money you actually receive from owning a stock.
forward-looking statements regulatory
"This release contains “forward-looking statements”, within the meaning of the Section 27A of the U.S. Securities Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
digital operator technical
"VEON Ltd., a global digital operator (the “Company” or “VEON”)"
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 April 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 April 24, 2026 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 April 24, 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: April 27, 2026 | ||||||||
| By: | /s/ Sebastian Rice | |||||||
| Name: | Sebastian Rice | |||||||
| Title: | Group General Counsel | |||||||
VEON Boosts Accessibility for Investors by Waiving Depositary Service Fees on American Depositary Shares Dubai and New York, April 24, 2026 – VEON Ltd. (NASDAQ: VEON), a global digital operator (the “Company” or “VEON”), announces that, effective January 1, 2026, BNY Mellon will not collect depositary service fees (“DSF”) from investors that hold VEON’s American Depositary Shares (“ADSs”). The suspension of DSF charges for investors effectively reduces the cost of ownership by USD 0.05 per ADS per year and enhances accessibility for both existing and prospective investors. "VEON’s steps to reduce the cost of ownership of ADSs and introduce a capital allocation policy that targets to return at least USD 100 million annually through share buybacks are both responses to our ongoing dialogue with investors," said Kaan Terzioglu, Chief Executive Officer of VEON. "At the same time, we continue to execute on our strategy to transform VEON into a consumer and enterprise service company with a telco license across five dynamic markets, where we see significant growth opportunities." About VEON VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 205 million digital users. Operating across five countries that are home to 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 Disclaimer This release contains “forward-looking statements”, within the meaning of the 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 statements relating to VEON’s strategic ambitions and other actions related to its American Depositary Shares. 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 VEON’s strategic ambitions and other actions related to its American Depositary 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. 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 media inquiries
pr@veon.com
FAQ
What change did VEON (VEON) announce regarding ADS fees?
VEON announced that, effective January 1, 2026, BNY Mellon will no longer collect depositary service fees from holders of VEON American Depositary Shares. This suspension directly lowers ongoing holding costs for investors in the company’s ADSs.
How much will VEON ADS investors save from the DSF waiver?
The waiver of depositary service fees reduces the cost of ownership by USD 0.05 per ADS per year. This ongoing reduction applies to investors holding VEON’s American Depositary Shares after the effective date of January 1, 2026.
What capital allocation policy did VEON (VEON) reference?
VEON referenced a capital allocation policy targeting the return of at least USD 100 million annually through share buybacks. This indicates an intention to use repurchases as a regular way to return capital to shareholders, alongside lowering ADS holding costs.
When does VEON’s ADS depositary fee suspension take effect?
The suspension of depositary service fee collection on VEON’s American Depositary Shares takes effect on January 1, 2026. From that date, BNY Mellon will not charge DSF on VEON ADSs, lowering investors’ recurring annual costs per share.
How large is VEON’s customer base according to this report?
VEON states that it serves over 150 million connectivity customers and more than 205 million digital users. These customers are located across five countries that together represent more than 6% of the world’s population, underlining the company’s operational scale.
What forward-looking statements does VEON (VEON) highlight here?
VEON notes that statements about its strategic ambitions and actions related to its American Depositary Shares are forward-looking. It warns that various risks and uncertainties could cause actual results to differ, referring readers to risk factors in its 2025 Form 20-F.