VEON Announces 2023 AGM and Board Nominees
May 22 2023 - 1:35PM
VEON
Announces 2023
AGM and Board
Nominees
Amsterdam, 22
May 2023 –
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global
digital operator that provides converged connectivity and online
services, (“VEON” or the “Company”), has today announced that its
Board of Directors has set the date for the Company’s Annual
General Meeting of Shareholders (the “AGM”) for 29 June 2023. The
record date for the 2023 AGM has been set for 25 May 2023.
The Board of Directors (the “Board”) and its
Nominating and Corporate Governance Committee (the “Committee”)
have recommended 7 individuals for appointment to the Board at the
AGM, including 6 directors currently serving on the Board: Augie
Fabela, Yaroslav Glazunov, Andrei Gusev, Karen Linehan, Morten
Lundal and Michiel Soeting. Kaan Terzioğlu, the current Group CEO,
has also been included in the recommended slate. In addition, Augie
Fabela was nominated by statutory requisitions in accordance with
Bermuda law. The Board would like to thank Gunnar Holt, Hans-Holger
Albrecht, Stan Miller, Vasily Sidorov and Irene Shvakman for their
contribution and service to the Company.
After being on the VEON board as a director
since 2015, Gunnar Holt was appointed as Chairman of VEON on 4
July 2022. He has successfully chaired the board over the past
year. The Board will elect a new Chair following the upcoming
AGM.
Commenting on the slate of director nominees,
the Chairman of the Board Gunnar Holt stated: “We are pleased to
announce our recommended Board nominees for election to the
2023/2024 VEON Board. As we reposition VEON, I believe a smaller
board will be best suited for the new VEON post the sale of our
Russian business. I am confident these candidates are well placed
to develop and execute the VEON strategy over the coming years.
Notwithstanding the smaller size, the Board will continue to have a
diverse range of operational, financial and governance experience
crucial to drive long-term value creation for the shareholders and
maintaining the highest standards of corporate governance. On a
personal note, after eight years I will be stepping down from the
Board and wish all my Board colleagues the best, in confidence of
an exciting future for VEON.”
At this time, client acceptance procedures at
candidate external audit firms are ongoing regarding the audit of
the 2023 financial statements of the Company. Hence, the Board is
not able to put a resolution to shareholders to appoint such
auditor at the 29 June 2023 AGM. Such a resolution will be proposed
at a subsequent general meeting or otherwise in accordance with the
Company’s Bye-laws.
In addition to the election of Board members,
the AGM agenda includes the laying of the Company’s financial
statements for the period ending 31 December 2022 before
shareholders in accordance with Bermuda law, proposals to set the
Board size at 7 directors and amendments to two sections of the
Company’s Bye-Laws approved by shareholders on 10 June 2021.
Further details on the agenda for the 2023 AGM,
the slate of nominees seeking election to the Board, the Board size
proposal, the two Bye-Law amendment proposals and procedural
matters related to the Company’s 2023 AGM and voting thereat will
be made available through an official notice distributed by VEON to
its registered shareholders of record prior to the meeting.
About VEONVEON is a global
digital operator that currently provides converged connectivity and
online services to nearly 160 million customers in six dynamic
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.
DisclaimerThis 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 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 dates or to reflect the occurrence of
unanticipated events.
Contact information
VEON Investor RelationsNik
Kershawir@veon.com
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