Veon launches initial $30M phase of share buyback program

VEON’s (VEON) Board of Directors has approved the commencement of the first phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares. This first phase of the buyback will be in the amount of up to $30M. This $30M first phase is part of VEON’s larger plan to execute a share buyback program of up to $100M. The buybacks will be conducted on the open market pursuant to a 10b5-1 plan signed with a registered broker-dealer, and in compliance with Rule 10b-18.