AMSTERDAM, Sept. 1, 2020 /PRNewswire/ -- VEON Holdings B.V.
(the "Issuer"), a subsidiary of VEON Ltd. (NASDAQ: VEON)
(Euronext Amsterdam: VEON), announces a drawdown of 5-year senior unsecured notes
denominated in Russian Roubles (the "Notes"),
subject to market and other customary conditions (the
"Drawdown"), under its Global Medium Term Note Programme
established in April 2020 (the
"GMTN Programme"). The Drawdown is the second drawdown under
the Issuer's GMTN Programme. The Issuer intends to use the net
proceeds of the Drawdown for general corporate purposes.
In connection with the Drawdown, VEON has also prepared a second
base offering memorandum supplement dated 1
September 2020 (the "Supplement") to the base offering
memorandum prepared in connection with the GMTN
Programme dated 16 April 2020, as previously
supplemented by a first base offering memorandum supplement dated 8
June
2020 (the "Base Offering Memorandum"), which today has been approved
by the Luxembourg Stock Exchange, in order to enable the Notes to
be admitted to listing on the Official List of the Luxembourg Stock
Exchange and to trading on the Euro MTF market of the Luxembourg
Stock Exchange.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information
visit: www.veon.com.
Important Notice
This release is for informational purposes only and shall not
constitute a prospectus or an offer to sell or the solicitation of
an offer to buy securities in the United
States or any other jurisdiction, nor shall there be any
sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under applicable securities laws. The Drawdown is
being made on the basis of the Base Offering Memorandum as amended
and/or supplemented by, and to be read in conjunction with, the
Supplement.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act"). The Notes may not be offered or sold
in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities
Act and applicable state securities laws. There will be no
public offer of the Notes in the United States
(for these purposes, "United
States" means the United States of
America, its territories and possessions, any
State of the United States, and the
District of Columbia). The Notes are being offered
and sold in the United States
only to qualified
institutional buyers in accordance with Rule 144A under
the Securities Act and to non-U.S. persons outside the United States in accordance with
Regulation S under the Securities Act.
In member states of the European Economic Area and in the
United Kingdom (each, a
"Relevant
State"), this release is for distribution only to and directed only at persons who are "qualified investors"
within the meaning of Regulation (EU) 2017/1129 (as amended, the
"Prospectus Regulation"). In relation to each Relevant
State, the investment contemplated by this release does not
constitute and
shall not, in any circumstances, constitute a public offering nor an invitation
to the public in connection
with any offer within the meaning of the Prospectus
Regulation. Each potential investor located within
a Relevant State will be deemed to have represented, acknowledged
and agreed that it is a "qualified investor" within the meaning of
the Prospectus Regulation.
Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs key information document (KID)
has been prepared as not available to retail investors in EEA or
UK.
This release is for distribution only to and directed only at
persons who (a) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended,
the "Financial Promotion Order"),(b) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations, etc") of the Financial Promotion Order, (c) are
outside the United Kingdom, or (d) are
persons to whom an invitation or inducement to engage
in investment activity (within the meaning of
section 21 of the Financial Services and Markets Act 2000) in
connection with the investment or investment activity to which this
release relates may otherwise lawfully be communicated or caused to
be communicated (all such persons together being referred to as
"relevant persons"). The Notes are not being offered to the public
in the United Kingdom. This release is directed only at relevant
persons and must not be acted on or relied on by persons who are
not relevant persons. The investment or investment activity to
which this release relates is only available to, and will only be
engaged in with, relevant persons and any person who receives this
release who is not a relevant person should not rely or act
upon it.
This communication or information contained herein is not an offer, or an invitation to make offers, to
sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of
any Russian person or entity and does not constitute an
advertisement or offering of securities in the Russian Federation within the meaning of
Russian securities laws. Information contained in the communication
is not intended for any persons in the Russian Federation who are not "qualified
investors" within the meaning of Article 51.2 of the Federal Law
no. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian
QIs") and must not be distributed or circulated into
Russia or made available in
Russia to any persons who are not
Russian QIs, unless and to the extent they are otherwise permitted
to access such information under Russian law. The securities have
not been and will not be registered in Russia and are not intended for "placement" or
"circulation" in
Russia (each as defined in Russian securities laws) unless
and to the extent otherwise permitted under
Russian law.
Forward-Looking Statements
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. The words "expect," "will," and similar words are intended
to identify estimates and forward-looking statements.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, the completion of the
transaction described above. The forward-looking statements
included in this release are based on management's best assessment
of VEON's strategic and financial position and of future market
conditions, trends and other potential developments.
Forward-looking statements involve risks and uncertainties,
including, without limitation, the risk that the transaction
described above will not be completed. If such risks or
uncertainties materialize or such assumptions prove incorrect,
actual results could differ materially from those expressed or
implied by such forward-looking statements or assumptions. Certain
other
factors that could cause actual results to differ materially from
those discussed in any forward-looking
statements include the risk factors described in VEON's
Annual Report on Form 20-F for the year ended
31 December 2019 and other public
filings made by VEON with the SEC. The forward-looking statements
included in this release are made only as of the date hereof, and
VEON disclaims any obligation to update them or to announce
publicly any revision to any of the forward-looking
statements contained in this release, or to make
corrections to reflect future events or developments.
Contact information
INVESTOR RELATIONS
Nik Kershaw ir@veon.com
Tel: +31-20-79-77-200|
CORPORATE COMMUNICATIONS
Kieran Toohey
pr@veon.com
Tel: +31-20-79-77-200
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SOURCE VEON Ltd