VEON Group CEO share award
23 September 2022 - 1:44PM
VEON Group CEO share award
VEON Group CEO share award
Increasing direct share ownership
Amsterdam, 23 September 2022 –
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global
digital operator that provides converged connectivity and online
services, today announces a share award to Group CEO Kaan
Terzioğlu.
The award of 5,231,771 shares will be issued
with a grant date of 1 October 2022. 1,569,531 shares will vest on
the grant date of 1 October 2022 and the balance of 3,662,240
shares will vest on 1 September 2023. The total number of
ADSs/common shares currently held by Kaan Terzioğlu is
1,674,900.
Gunnar Holt, Chairman of the VEON Board of
Directors, commented: “Kaan has shown extraordinary commitment,
professionalism and sound judgement to help navigate VEON Group
through the current challenging operating environment while
continuing to execute on our digital operator strategy. The Board
has granted this award under our deferred share plan, which
recognizes Kaan’s excellent work as CEO, while also further
aligning his long-term interests with those of VEON’s
shareholders.”
DisclaimerThis 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 global
digital operator that provides converged connectivity and online
services to over 200 million customers in seven high-growth
markets. We are transforming people’s lives, empowering
individuals, creating opportunities for greater digital inclusion
and driving economic growth across countries that are home to more
than 8% of the world’s population. Headquartered in Amsterdam, VEON
is listed on NASDAQ and Euronext.
For more information visit:
https://www.veon.com.
Contact InformationVEONInvestor
RelationsNik Kershawir@veon.com
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