VEON Announces 2024 AGM and Board Nominees
April 24 2024 - 1:33PM
VEON Announces 2024 AGM and Board Nominees
Amsterdam, 24 April 2024 – VEON Ltd.
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, (“VEON”
or the “Company”), has today announced that its Board of Directors
(“Board”) has set the date for the Company’s 2024 Annual General
Meeting of Shareholders (the “AGM”) for 31 May 2024. The record
date for the AGM has been set for 25 April 2024.
The Board and its Remuneration and Governance
Committee have recommended seven individuals for appointment to the
Board at the AGM, including four directors currently serving on the
Board as well as nominees by statutory requisition from
shareholders holding in excess of 5% of our issued share capital.
The recommended nominees are Augie Fabela, Andrei Gusev, Sir
Brandon Lewis, Duncan Perry, former U.S. Secretary of State Michael
R. Pompeo (who currently serves as a member of the Kyivstar
Supervisory Board), Michiel Soeting, and Kaan Terzioglu, the
Company’s current CEO.
Karen Linehan, Yaroslav Glazunov and the current
Chairman of the Board Morten Lundal chose not to stand for
re-election. The Board thanks them for their contributions and
services to the Company. The incoming Board will elect a new Chair
at the inaugural Board meeting following the upcoming AGM.
Commenting on the slate of director nominees,
the Chairman of the Remuneration and Governance Committee Augie
Fabela stated: "We are thrilled to recommend seven exceptional
individuals for appointment to the Board at the upcoming AGM,
representing a diverse range of expertise and perspectives. These
nominees, including both current Board members and those nominated
by minority shareholders, embody the commitment to excellence and
strategic vision that defines VEON. We extend our gratitude to
outgoing Chairman Morten Lundal, Karen Linehan, and Yaroslav
Glazunov for their invaluable contributions to the Company."
The Company will lay unaudited financial
statements of the Company for the financial year ended 31 December
2023 before shareholders at the AGM, but is not yet able to seek
shareholder approval for the appointment of an auditor for the
financial period ending 31 December 2024, due to the previously
disclosed difficulties that the Company has faced in identifying a
suitable auditor as a result of the material changes in the Group’s
portfolio of assets over the past 12 months. The Board intends to
convene a special general meeting for the laying of the audited
financials and appointment of an auditor in due course.
In addition to the election of Board members,
the AGM agenda includes the ratification of the appointment of
PricewaterhouseCoopers Accountants N.V. (“PwC”) for the audit of
the Company’s consolidated financial statements for the year ended
December 31, 2023 in accordance with International Standards on
Auditing (the “ISA Audit”), as well as proposals to amend certain
sections of the Company’s bye-laws approved by shareholders on 10
June 2021 (as amended by special resolutions passed on 29 June
2023) to correct a legacy formatting error and standardize the
wording enabling the Board to convene electronic meetings of
shareholders.
Further details on the agenda for the AGM and
the ratification of PwC for the ISA Audit, summary biographies on
the slate of nominees seeking election to the Board, the proposals
to amend the Company’s bye-laws and procedural matters related to
the Company’s AGM and voting thereat will be made available through
an official notice distributed by VEON to its registered
shareholders of record prior to the meeting.
About VEONVEON is a global digital
operator provides converged connectivity and digital services to
nearly 160 million customers. Operating across six countries that
are home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. Headquartered in Amsterdam,
VEON is listed on NASDAQ and Euronext. For more information visit:
https://www.veon.com.
DisclaimerThis 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 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 dates or to reflect the occurrence of
unanticipated events.
Contact information
VEON Investor RelationsFaisal
Ghoriir@veon.com
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