VEON launches a $100 million buyback program for ADSs and bonds to enhance capital structure and long-term growth.
Quiver AI Summary
VEON Ltd. has initiated a buyback program, authorized for up to $100 million, which will involve repurchasing American Depositary Shares (ADSs) and/or outstanding bonds. The decision is based on the company's belief that its current share price does not reflect its strong fundamentals and growth prospects. CEO Kaan Terzioglu emphasized the program’s role in enhancing the company's capital structure and reinforcing long-term value creation. The repurchases will be conducted in the open market under a structured plan, and the allocation between equity and debt securities will depend on market conditions. VEON, a digital operator serving nearly 150 million connectivity and 120 million digital users across five countries, aims to leverage this buyback to fulfill its commitment to sustainable growth and disciplined capital allocation.
Potential Positives
- VEON has initiated a buyback program worth up to $100 million, reflecting confidence in the company's valuation and financial performance.
- The program allows for the strategic repurchase of equity and debt securities, potentially enhancing the capital structure and lowering future interest obligations.
- This initiative aligns with VEON's goal of sustainable growth and disciplined capital allocation, reinforcing long-term value creation for shareholders.
- The buyback reflects the company's belief that its current market valuation does not accurately represent its strong fundamentals and cash-generating capabilities.
Potential Negatives
- The announcement of the buyback program may indicate that the company's stock is currently undervalued, which could reflect poorly on investor confidence in the company's market position.
- The reliance on a buyback program as a means to boost shareholder value may raise concerns about the company's long-term growth strategies and potential over-reliance on financial engineering to enhance stock performance.
- Risks and uncertainties associated with the buyback execution and its impact were highlighted in the press release, which could lead to skepticism among investors regarding the effectiveness of the program.
FAQ
What is VEON's buyback program?
VEON's buyback program allows the Company to repurchase ADSs and/or outstanding bonds up to USD 100 million.
Why is VEON conducting a buyback?
VEON believes its current equity trading levels are undervalued, making selective repurchases a value-accretive use of capital.
Who authorized the buyback program?
The buyback program was authorized by VEON's Board of Directors.
How will the buybacks be executed?
Buybacks will be conducted on the open market under a 10b5-1 plan, complying with SEC Rule 10b-18.
What is VEON's market focus?
VEON provides digital services and connectivity to nearly 150 million users across five countries.
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 Hedge Fund Activity
We have seen 52 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:
- HELIKON INVESTMENTS LTD removed 949,357 shares (-64.9%) from their portfolio in Q3 2025, for an estimated $51,673,501
- PANVIEW CAPITAL LTD added 413,021 shares (+inf%) to their portfolio in Q3 2025, for an estimated $22,480,733
- MACKENZIE FINANCIAL CORP added 275,677 shares (+inf%) to their portfolio in Q3 2025, for an estimated $15,005,099
- DIAMETER CAPITAL PARTNERS LP removed 164,186 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $7,564,049
- CIBC WORLD MARKET INC. removed 120,270 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,540,838
- MILLENNIUM MANAGEMENT LLC added 97,913 shares (+275.3%) to their portfolio in Q3 2025, for an estimated $5,329,404
- SHAH CAPITAL MANAGEMENT removed 94,336 shares (-1.9%) from their portfolio in Q3 2025, for an estimated $5,134,708
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VEON Analyst Ratings
Wall Street analysts have issued reports on $VEON in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 06/16/2025
To track analyst ratings and price targets for $VEON, check out Quiver Quantitative's $VEON forecast page.
Full Release
Dubai, November 17, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that it has commenced the buyback program (the “Program”) announced on November 10, 2025. The Program authorized by VEON’s Board enables the Company to buy back ADSs and/or outstanding bonds in an amount up to USD 100 million. The final allocation between equity and debt securities will be determined by prevailing market conditions.
VEON views the current trading levels of its equity as materially undervaluing the Company’s strong fundamentals, cash-generation profile, and digital-operator trajectory; selective ADS repurchases therefore represent an attractive, value-accretive use of capital. At the same time, repurchase of bonds would allow VEON to capture discounts in the debt markets, lower future interest obligations, and proactively manage upcoming maturities.
Kaan Terzioglu, CEO of VEON Group, commented: “Our decision to commence a new buyback program reflects continued growth in the Group’s financial and operating performance, as well as our confidence in the future. The flexibility to buy both equity and debt securities enables us to take a balanced approach that will strengthen VEON’s capital structure while reinforcing confidence in long-term value creation. We remain committed to delivering sustainable growth while maintaining a disciplined approach to capital allocation.”
The buybacks will be conducted on the open market pursuant to a 10b5-1 plan signed with a registered broker-dealer, and in compliance with Rule 10b-18.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 150 million connectivity and 120 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
This release contains “forward-looking statements”, within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements relating to the execution and/or impact of the buyback of VEON Group’s ADSs and/or outstanding bonds. 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 uncertainty over the execution and/or impact of the buyback of VEON Group’s ADSs and/or outstanding bonds, among others discussed in the section entitled “Risk Factors” in VEON’s 2024 Form 20-F filed with the SEC on April 25, 2025 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
Hande Asik
Group Director of Communications
[email protected]
