VEON Initiates a Bold $100 Million Buyback Plan
A Strategic Move to Boost Shareholder Value
VEON Ltd., a global digital operator, has embarked on a significant buyback program, allocating a substantial $100 million for the repurchase of its own securities. This move, announced on November 17, 2025, is a powerful statement of the company's confidence in its future prospects and its commitment to enhancing shareholder value.
Undervalued Potential: A Golden Opportunity
The company believes its current market valuation significantly undervalues its robust fundamentals, cash-generating capabilities, and promising digital operator trajectory. By selectively buying back its American Depositary Shares (ADSs) and outstanding bonds, VEON aims to capitalize on this undervaluation, creating value for shareholders. But here's where it gets intriguing: VEON also plans to take advantage of discounts in the debt markets, reducing future interest obligations and strategically managing upcoming bond maturities.
Kaan Terzioglu, CEO of VEON Group, emphasized, "Our buyback program is a testament to our strong financial and operational performance and our optimism for the future. The ability to repurchase both equity and debt allows us to optimize our capital structure, ensuring a balanced approach to value creation."
A Balanced Approach to Capital Allocation
VEON's buyback strategy is carefully designed to maintain a healthy capital structure. The company will conduct these transactions on the open market, adhering to a 10b5-1 plan with a registered broker-dealer, ensuring compliance with Rule 10b-18. This approach demonstrates VEON's commitment to transparency and regulatory adherence.
About VEON: A Digital Pioneer
VEON is a leading digital operator, serving nearly 150 million connectivity and 120 million digital users across five countries, impacting over 6% of the global population. Through innovative, technology-driven services, VEON empowers individuals and fuels economic growth. The company is listed on NASDAQ, and more information can be found at https://www.veon.com.
Looking Ahead: Navigating Uncertainties
This release includes forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, regarding the execution and impact of VEON's buyback program. However, it's important to note that these statements are subject to various risks and uncertainties, including those related to the buyback's execution and its effect on the company's financial position. For a comprehensive understanding of these risks, refer to the 'Risk Factors' section in VEON's 2024 Form 20-F filed with the SEC on April 25, 2025, and other public filings.
Engage and Discuss
As VEON embarks on this ambitious buyback program, it invites shareholders and investors to share their thoughts. Is this a strategic masterstroke or a risky maneuver? How might this move impact VEON's long-term growth trajectory? Share your insights and engage in the conversation!
