VEON Management ownership increases
18 Juli 2022 - 07:00AM
VEON Management ownership increases
VEON
Management
ownership increases
Amsterdam,
18
July 2022 – VEON
Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital
operator that provides converged connectivity and services,
announces the completion of further management share transfers as
part of the Group’s incentive program announced in February
2022.
Further to our press release on 28 February
2022, today we can confirm the completion of share transfers to
three additional Group Executive Committee (“GEC”) members. The
shares were awarded as part of VEON’s Deferred Share Plan. This
award follows the completion of share transfers to the Group CEO
and Group CFO announced on 11 July 2022.
DEFERRED SHARE PLAN |
|
Shares |
Michael Schulz |
145,715 |
Joop Brakenhoff |
92,572 |
Alex Bolis |
64,286 |
As previously communicated, GEC members will
over time accrue and then maintain a minimum level of VEON shares.
This will be equivalent to 6.0x the annual base salary for the
Group CEO and 2.0x annual base salary for other GEC members.
Following this transaction, the total number of ADR/ORDs held by
Michael Schulz is 145,715, by Joop Brakenhoff is 92,572 and by Alex
Bolis is 64,286.
Disclaimer
This press 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 include statements
relating to, among other things, expectations regarding management
plans and the ability to successfully execute operating model,
governance, strategic and development plans. Forward-looking
statements 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 date or to reflect the
occurrence of unanticipated events.
About VEONVEON is a NASDAQ and Euronext
Amsterdam-listed global provider of connectivity and internet
services. For more information visit: www.veon.com
Contact InformationVEONInvestor RelationsNik
Kershawir@veon.com
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