{"id":791758,"date":"2024-12-03T04:03:05","date_gmt":"2024-12-03T09:03:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/"},"modified":"2024-12-03T04:03:05","modified_gmt":"2024-12-03T09:03:05","slug":"in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/","title":{"rendered":"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>Amsterdam, Dubai and Kyiv, December 3, 2024<\/strong> \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEON&#8217;s corporate rights on Kyivstar and VEON&#8217;s other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi).<\/p>\n<p>Dear Valued VEON Investor,<\/p>\n<p align=\"justify\">On Friday, we reached another milestone in VEON\u2019s growth journey as the Shevchenkivskyi District Court of Kyiv lifted the freezing of VEON\u2019s corporate rights in Kyivstar and our other Ukrainian subsidiaries.\u00a0 This decision is the result of our steadfast commitment to connecting and rebuilding Ukraine every day, and of our relentless efforts since the freezing in October 2023, making the case that VEON and Kyivstar are pillars of Ukraine\u2019s resilience and reconstruction, with no benefits flowing to any sanctioned persons. It demonstrates Ukraine\u2019s commitment to the rule of law and to protecting the rights of international investors.<\/p>\n<p align=\"justify\">I would like to thank you for your confidence in VEON throughout this period. You have not only continued to believe in VEON\u2019s growth story, but also supported us in our commitments to continue investing in Ukraine. <\/p>\n<p align=\"justify\">This positive decision encourages us further, and we do believe that Friday\u2019s ruling is indeed a win-win for all. It is a win for VEON\u2019s investors, as the court\u2019s decision removes a source of concern that impacted how the markets assessed our potential for growth in one of our key countries of operation. It is a win for Kyivstar and for the people of Ukraine that we proudly serve, as it enables us to accelerate certain business partnerships. Most importantly, it is a win for Ukraine as it sends a positive message to the global investment community with regards to Ukraine\u2019s business climate and commitment to the rule of law, increasing the country\u2019s appeal as an investment destination. <\/p>\n<p align=\"justify\">With the unfreezing of our corporate rights, we now look forward to further value creation in Kyivstar, including exploring the ways in which VEON can play a greater role in bringing international and local investors into this significant asset in our portfolio, in line with VEON\u2019s previously disclosed strategic direction. As one of our shareholders has aptly put it, Kyivstar, through VEON\u2019s Nasdaq listing, is \u201cthe sole Ukrainian investment theme on the U.S. [listed] equity market,\u201d and we very much see this as a significant opportunity that benefits all stakeholders. <\/p>\n<p align=\"justify\">Our press release on the court ruling is available on VEON\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yuMojg_2cn0VglVz8zDM4yVesce8Wmfh6h7RY_AMzFwhZ0tZufXVzomv-qQG-Mty__aDuSg_EiMKyKRboaGHJLknUln82AJ_9bro7sDAxwfC3TwvYO_MZZ7g-lYfh1LzhT7o3bmtAAAYoMKmziTVGi20OhpH-83oPoQUebC7MJP4HeLq48T6tsjOHSxYz87pFbE8l0A6vWn28KSsqz71-WdkLxtw7Hcs7z5PLvBLkTWq9teUQJKqtq3vhzGNjPyh3U-Trgvk69KVdG6FoMurYTmWOcoJSSytSU7GKm2c9HzunQetu_KRR9wjfbksGudZDeofAL-yuSHIsTbTl4MPpK7QyXpzglP7orr9HiTffS_VLCxyVkBBwV7Il0RYDEz_p3gDQYnZ2qGxK-lqQ9RG9k8jRPWpGh_ChcCKGWK7DkDD5QgOj8yV1V3KU8OgARyT-aTNXYvwvujPLHOMK3s3uPIFr9LSn2wDI8RpVWYR8ySl_DItKZj8dl37mEAyFN0h12XcIhBkbfVe-vXPVEf65Bp7BaW_9evD1QYv4WL6RrJzEqbjmMYux4JpGjI4AxavByQaEECiGPPXLXXI--d6KiCHk0GpDF0w07YN2ERfhh2WY5BO7n_zi1eskeUlGrlqo35iVl9wMaEsGOfQX3J13nyFXdPBn7UpqWiyC3sEDG7sfNFLvMUA5iGbWxB2lRHAeuJ8RjsvspMq93SkGMIytiMNxf1PXCKd1v1jdenBlKE=\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.veon.com\/newsroom\/press-releases\/veon-welcomes-unfreezing-of-its-corporate-rights-in-kyivstar-supporting-ukraines-recovery-and-resilience<\/a><u>. <\/u>\u00a0<\/p>\n<p align=\"justify\">On behalf of VEON, thank you for your support and confidence, and we look forward to sharing further updates as they develop. <\/p>\n<p>Best Regards,<\/p>\n<p>Kaan Terzioglu<br \/>VEON Group CEO<\/p>\n<p align=\"justify\">\n        <strong>About VEON<\/strong>\n      <\/p>\n<p align=\"justify\">VEON is a NASDAQ-listed digital operator that provides connectivity and digital services to nearly 160 million customers. \u00a0Operating across six countries that are home to more than 7% of the world\u2019s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: www.veon.com. <\/p>\n<p align=\"justify\">\n        <strong>Disclaimer<\/strong>\n      <\/p>\n<p align=\"justify\">This letter contains \u201cforward-looking statements,\u201d 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\u2019s commercial and investment plans and investment opportunities in Ukraine. 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 anticipate, including the important factors discussed under the caption Risk Factors in VEON\u2019s annual report on Form 20-F for the year ended 31 December 2023, which is on file with the U.S. Securities and Exchange Commission (SEC) and is available on the SEC website at www.sec.gov. The forward-looking statements contained in this letter speak only as of the date of this letter. 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. There can be no assurance that the initiatives referred to above will be successful.<\/p>\n<p>\n        <br \/>\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTAyNjQ0MyM0MDIwMTYxNTIjMjAwMzU0OA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/NGFmNzEzNTYtZDc0OC00ZDVlLTllMTctNGUzZjBhNGE1Yjk0LTEwMTUxMjE=\/tiny\/VEON-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amsterdam, Dubai and Kyiv, December 3, 2024 \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEON&#8217;s corporate rights on Kyivstar and VEON&#8217;s other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi). Dear Valued VEON Investor, On Friday, we reached another milestone in VEON\u2019s growth journey as the Shevchenkivskyi District Court of Kyiv lifted the freezing of VEON\u2019s corporate rights in Kyivstar and our other Ukrainian subsidiaries.\u00a0 This decision is the result of our steadfast commitment to connecting and rebuilding Ukraine every day, and of our relentless efforts since the freezing in October &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-791758","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Amsterdam, Dubai and Kyiv, December 3, 2024 \u2013 VEON Ltd. (Nasdaq: VEON), a global digital operator (\u201cVEON\u201d), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEON&#8217;s corporate rights on Kyivstar and VEON&#8217;s other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi). Dear Valued VEON Investor, On Friday, we reached another milestone in VEON\u2019s growth journey as the Shevchenkivskyi District Court of Kyiv lifted the freezing of VEON\u2019s corporate rights in Kyivstar and our other Ukrainian subsidiaries.\u00a0 This decision is the result of our steadfast commitment to connecting and rebuilding Ukraine every day, and of our relentless efforts since the freezing in October &hellip; Continue reading &quot;In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T09:03:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTAyNjQ0MyM0MDIwMTYxNTIjMjAwMzU0OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar\",\"datePublished\":\"2024-12-03T09:03:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/\"},\"wordCount\":734,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMTAyNjQ0MyM0MDIwMTYxNTIjMjAwMzU0OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\\\/\",\"name\":\"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar - 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(Nasdaq: VEON), a global digital operator (\u201cVEON\u201d), shares the following open letter by its Group CEO Kaan Terzioglu to VEON investors on the recent decision by the Shevchenkivskyi District Court of Kyiv, unfreezing VEON&#8217;s corporate rights on Kyivstar and VEON&#8217;s other Ukrainian subsidiaries (Ukraine Tower Company, KyivstarTech and Helsi). Dear Valued VEON Investor, On Friday, we reached another milestone in VEON\u2019s growth journey as the Shevchenkivskyi District Court of Kyiv lifted the freezing of VEON\u2019s corporate rights in Kyivstar and our other Ukrainian subsidiaries.\u00a0 This decision is the result of our steadfast commitment to connecting and rebuilding Ukraine every day, and of our relentless efforts since the freezing in October &hellip; Continue reading \"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-03T09:03:05+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTAyNjQ0MyM0MDIwMTYxNTIjMjAwMzU0OA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar","datePublished":"2024-12-03T09:03:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/"},"wordCount":734,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMTAyNjQ0MyM0MDIwMTYxNTIjMjAwMzU0OA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/in-an-open-letter-to-veon-investors-veon-group-ceo-welcomes-the-unfreezing-of-veons-corporate-rights-on-kyivstar\/","name":"In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON\u2019s Corporate Rights on Kyivstar - 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