VEON Obtains OFAC License for Scheme Meeting
December 26 2022 - 2:31PM
Amsterdam, Netherlands, 26 December 2022 19:30 CET: Following
the announcement made on 21 December 2022 related to the Court
order granting the Company permission to convene the Scheme
Meeting, VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global
digital operator that provides converged connectivity and online
services, and its subsidiary, VEON Holdings B.V. (the
“Company”) hereby give notice that the OFAC
License referred to in the previous announcement has been granted,
such that the Company is satisfied that it has obtained all
necessary OFAC related Authorisations for the Scheme.
The OFAC License authorises all noteholders (and their funds,
fund managers, investment advisors or subadvisors), financial
institutions, clearing and trading systems, trustees, paying and
security agents, registrars, and other service providers,
intermediaries, and third parties, to participate in (including,
but not limited to, voting on) the Scheme, provided they are not
precluded from doing so by law or regulation. With this OFAC
License, the Company confirms it has obtained all Authorisations
necessary for the Scheme Meeting to take place (as planned), via
Zoom, on 24 January 2023 at 10:00 a.m. (London time) (or such later
time or date as the Company may decide and notify to Scheme
Creditors). The Company continues to pursue any other
Authorisations required to effect the Scheme, should the Scheme be
approved at the Scheme Meeting and sanctioned by the Court at the
Scheme Sanction Hearing.
To participate and vote at the Scheme Meeting,
provided they are not precluded from doing so by law or regulation,
Scheme Creditors (or their DTC Participant on their behalf, as
applicable) must have submitted validly completed Voting and Proxy
Forms to Kroll Issuer Services Limited (as the Company’s
information agent) by the Voting Instruction Deadline (currently
anticipated to be 5:00 p.m. (London time) on 19 January 2023).
Further information is available to Scheme
Creditors (via the Scheme Website
at https://deals.is.kroll.com/veon).
Scheme Creditors should be aware that Clearing
Systems, DTC Participants, other Account Holders and/or
Intermediaries may have earlier deadlines that they (and their
Account Holders) may be required to comply with.
Scheme Creditors that have questions in relation
to the Explanatory Statement and accompanying documentation, the
Voting and Proxy Form or the Scheme Meeting may contact Kroll
Issuer Services Limited (as the Company’s information agent) by
email to veon@is.kroll.com or by telephone on + 44 20
7704 0880.
Scheme Creditors and/or Account Holders
requiring any assistance in completing their Voting and Proxy Forms
should contact the Information Agent by email
to veon@is.kroll.com or by telephone on + 44 20 7704
0880.
Capitalised terms used but not defined in this
announcement have the meaning given to them in the Explanatory
Statement.
About VEON VEON is a
global digital operator that currently provides converged
connectivity and online services to over 200 million customers in
seven 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.
Important NoticeThis 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 offer of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under applicable securities laws.
This press release is not a prospectus for the
purposes of Regulation (EU) 2017/1129.
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.
Elements of this press release contain or may
contain “inside information” as defined under the Market Abuse
Regulation (EU) No. 596/2014.
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 include
statements relating to, among other things, VEON’s intent to hold
the Scheme Meeting. 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 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.
Any steps taken in respect of the Scheme and in
connection with the Amendments must be in compliance with all
applicable sanctions laws and regulations, including the sanctions
laws and regulations administered by the European Union, the United
Kingdom and the United States, and including securing any necessary
licences and approvals from competent sanctions authorities.
Contact InformationVEONGroup
Director Investor RelationsNik Kershawbonds@veon.com
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