VEON confirms date of Scheme Hearing is 30 January 2023
January 26 2023 - 11:15AM
VEON Ltd. and VEON Holdings B.V.
VEON confirms date of Scheme Hearing is 30
January 2023
Amsterdam, Netherlands, 26 January
2023: 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”) confirm that, further to the announcement issued on 24
January 2023 regarding the results of the Scheme Meeting, the
Scheme Sanction Hearing is scheduled to take place before Mr.
Justice Roth via webinar at 10.30 a.m. (London time) on 30
January 2023.
At the hearing, the Company will seek an order
requesting the Court sanction the Scheme. If the Scheme is
sanctioned by the Court at the Scheme Sanction Hearing, and the
other specified conditions to the Scheme are satisfied, the Scheme
will then become effective.
Any Scheme Creditor is entitled to attend the
hearing to make representations to the Court, or to instruct
counsel to attend and to make representations to the Court on their
behalf.
Scheme Creditors who wish to attend the Scheme
Sanction Hearing will need to email AkinProjectVerona@akingump.com
by no later than 12:00 p.m. (midday) (London time) on 27 January
2023, providing their email address. The relevant link will then be
provided to the Scheme Creditor directly by the Court. If
Scheme Creditors wish to make representations at the Scheme
Sanction Hearing, or who wish to instruct counsel to attend and to
make representations to the Court on their behalf, they should
contact the Court or Kroll Issuer Services Limited (as the
Company’s information agent) by email to veon@is.kroll.com, in each
case with copy to Akin Gump LLP (as the Company's counsel on the
Scheme) by email to AkinProjectVerona@akingump.com, specifying
their name and email address, and if applicable, the name and email
address of their counsel.
Capitalised terms used but not defined in this
announcement have the meaning given to them in the Explanatory
Statement issued by the Company on 21 December 2022, as amended on
11 January 2023, which is available on the Scheme Website at
https://deals.is.kroll.com/veon.
About VEONVEON 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.
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, the anticipated date
for the Scheme Sanction Hearing. 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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