VEON (VEON) has released an update.
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VEON Ltd., a global digital operator, has announced plans to delist from Euronext Amsterdam and transition to a sole listing on Nasdaq, expecting to streamline its reporting process and better serve its investors. In conjunction with this change, the company is set to launch a share buyback program of up to USD 100 million for its American Depositary Shares to address the perceived undervaluation of its stock. The delisting is scheduled for the fourth quarter of 2024, aiming to benefit the company and its shareholders by focusing on a single, technology-oriented stock exchange.
For further insights into VEON stock, check out TipRanks’ Stock Analysis page.
