VEON Files its 2023 Form 20-F
October 17 2024 - 2:45PM
Amsterdam, 17 October 2024, 20:45: VEON Ltd. (Nasdaq:
VEON, Euronext Amsterdam: VEON), a global digital operator (‘VEON’
or the ‘Company’), today announces that it has filed its Annual
Report on Form 20-F for the year ended December 31, 2023 (the "2023
Form 20-F") with the U.S. Securities and Exchange Commission at
www.sec.gov following the completion of the audit of its 2023
financial statements by its independent auditor UHY LLP according
to Public Company Accounting Oversight Board
(“PCAOB”) standards.
“The filing of our 2023 Form 20-F puts VEON back
on track with our listing compliance requirements. I would like to
thank our counterparts for their trust as we worked towards the
completion of the PCAOB Audit for our 2023 financials and the
filing of our Annual Report on Form 20-F.” said Kaan Terzioglu,
Group CEO of VEON.
The Company notes that, as of December 31, 2023,
it has also remediated the previously identified material weakness
in its internal controls over financial reporting relating to the
accounting treatment and financial statement presentation for
disposals of businesses. This follows from the identification of an
error with respect to the accounting treatment of a business
disposal which was promptly corrected in VEON’s Form 20-F for the
year ended December 31, 2022. During the second half of 2023, VEON
implemented significant improvements to the design and operation of
its control environment. Following the completion of the
documentation and testing of such remedial actions, VEON’s
management has concluded that the previously identified material
weakness has been fully remediated. The Company’s 2023 PCAOB audit
also confirmed the remediation as of December 31, 2023.
The 2023 Form 20-F is also available on the
Financial Results section of the company's website www.veon.com.
Shareholders may request a hard copy of the 2023 Form 20-F,
including VEON's audited financial statements for the year ended 31
December 2023, free of charge, by contacting VEON's Investor
Relations Department at ir@veon.com.
About VEON
VEON is a digital operator that provides
converged connectivity and digital services to nearly 160 million
customers. Operating across six countries that are home to
more than 7% 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 and Euronext. For
more information, visit: https://www.veon.com.
Disclaimer
This 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, our compliance with Nasdaq listing
rules. 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 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 dates or to
reflect the occurrence of unanticipated events. Furthermore,
elements of this release contain or may contain, “inside
information” as defined under the Market Abuse Regulation (EU) No.
596/2014.
Contact Information
Hande AsikGroup Director of
Communicationpr@veon.com
Faisal Ghori Group Director of Investor
Relationsir@veon.com
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