VEON Ltd. cancels 1.5% of issued shares as part of its ongoing buyback program announced in September 2026.
Quiver AI Summary
VEON Ltd. announced the cancellation of approximately 1.5% of its total issued shares, totaling 26,951,230 common shares as part of its ongoing share buyback program, which aims to repurchase and cancel 3.9% of its outstanding shares. This decision is in line with VEON's commitment to enhancing shareholder value. The company operates as a global digital operator, serving over 150 million customers in connectivity and more than 228 million in digital services across five countries, impacting a consumer base of 550 million. VEON is listed on NASDAQ and emphasizes its role in transforming lives through technology-driven services. The release also notes that it contains forward-looking statements regarding the buyback program, acknowledging uncertainties that may affect the anticipated outcomes.
Potential Positives
- Confirmation of the cancellation of approximately 1.5% of total issued shares supports shareholder value enhancement through the ongoing share buyback program.
- The buyback program, aimed at reducing outstanding shares by 3.9%, demonstrates the company's commitment to returning capital to shareholders.
- VEON's operations across five countries reach over 150 million connectivity customers and more than 228 million digital customers, highlighting its expansive footprint and market presence.
- Listing on NASDAQ provides visibility and attracts investment, confirming VEON's status as a publicly traded global digital operator.
Potential Negatives
- The announcement of the share buyback program and subsequent cancellation may raise concerns among investors regarding the company's cash flow management and the rationale behind returning capital to shareholders instead of investing in growth opportunities.
- The inclusion of significant forward-looking statements highlights uncertainties and risks associated with the share buyback process, indicating potential volatility and investor apprehension about the company's future performance.
FAQ
What recent share cancellation did VEON announce?
VEON announced the cancellation of approximately 1.5% of its total issued shares, equating to 26,951,230 common shares.
What is the purpose of VEON's share buyback program?
The buyback program aims to cancel 3.9% of VEON’s outstanding shares to enhance shareholder value.
How many customers does VEON serve globally?
VEON provides connectivity and digital services to over 150 million connectivity and more than 228 million digital customers worldwide.
Where is VEON listed on the stock market?
VEON is listed on NASDAQ under the ticker symbol VEON.
What risks are associated with VEON's forward-looking statements?
Forward-looking statements involve risks and uncertainties that may result in actual outcomes differing from expectations, as outlined in VEON's SEC filings.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Insider Trading Activity
$VEON insiders have traded $VEON stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $VEON stock by insiders over the last 6 months:
- AUGIE K II FABELA has made 3 purchases buying 20,000 shares for an estimated $1,120,053 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$VEON Hedge Fund Activity
We have seen 59 institutional investors add shares of $VEON stock to their portfolio, and 35 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LINGOTTO INVESTMENT MANAGEMENT LLP removed 776,938 shares (-12.9%) from their portfolio in Q2 2026, for an estimated $40,563,932
- BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. removed 471,261 shares (-94.0%) from their portfolio in Q2 2026, for an estimated $24,604,536
- HELIKON INVESTMENTS LTD removed 344,522 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $17,987,493
- VR ADVISORY SERVICES LTD added 207,558 shares (+52.7%) to their portfolio in Q2 2026, for an estimated $10,836,603
- WELLINGTON MANAGEMENT GROUP LLP removed 175,449 shares (-18.4%) from their portfolio in Q2 2026, for an estimated $9,160,192
- MACKENZIE FINANCIAL CORP added 123,177 shares (+81.9%) to their portfolio in Q2 2026, for an estimated $6,431,071
- PICTET ASSET MANAGEMENT HOLDING SA added 122,458 shares (+75.7%) to their portfolio in Q2 2026, for an estimated $6,393,532
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
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.
