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VEON Announces 2024 AGM and Board Nominees
Amsterdam, 24 April 2024 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, (“VEON” or the “Company”), has today announced that its Board of Directors (“Board”) has set the date for the Company’s 2024 Annual General Meeting of Shareholders (the “AGM”) for 31 May 2024. The record date for the AGM has been set for 25 April 2024. The Board and its Remuneration and Governance Committee have recommended seven individuals for appointment to the Board at the AGM, including four directors currently serving on the Board as well as nominees by statutory requisition from shareholders holding in excess of 5% of our issued share capital. The recommended nominees are Augie Fabela, Andrei Gusev, Sir Brandon Lewis, Duncan Perry, former U.S. Secretary of State Michael R. Pompeo (who currently serves as a member of the Kyivstar Supervisory Board), Michiel Soeting, and Kaan Terzioglu, the Company’s current CEO. Karen Linehan, Yaroslav Glazunov and the current Chairman of the Board Morten Lundal chose not to stand for re-election. The Board thanks them for their contributions and services to the Company. The incoming Board will elect a new Chair at the inaugural Board meeting following the upcoming AGM. Commenting on the slate of director nominees, the Chairman of the Remuneration and Governance Committee Augie Fabela stated: "We are thrilled to recommend seven exceptional individuals for appointment to the Board at the upcoming AGM, representing a diverse range of expertise and perspectives. These nominees, including both current Board members and those nominated by minority shareholders, embody the commitment to excellence and strategic vision that defines VEON. We extend our gratitude to outgoing Chairman Morten Lundal, Kaen Linehan, and Yaroslav Glazunov for their invaluable contributions to the Company." The Company will lay unaudited financial statements of the Company for the financial year ended 31 December 2023 before shareholders at the AGM, but is not yet able to seek shareholder approval for the appointment of an auditor for the financial period ending 31 December 2024, due to the previously disclosed difficulties that the Company has faced in identifying a suitable auditor as a result of the material changes in the Group’s portfolio of assets over the past 12 months. The Board intends to convene a special general meeting for the laying of the audited financials and appointment of an auditor in due course. In addition to the election of Board members, the AGM agenda includes the ratification of the appointment of PricewaterhouseCoopers Accountants N.V. (“PwC”) for the audit of the Company’s consolidated financial statements for the year ended December 31, 2023 in accordance with International Standards on Auditing (the “ISA Audit”), as well as proposals to amend certain sections of the Company’s bye-laws approved by shareholders on 10 June 2021 (as amended by special resolutions passed on 29 June 2023) to correct a legacy formatting error and standardize the wording enabling the Board to convene electronic meetings of shareholders. Further details on the agenda for the AGM and the ratification of PwC for the ISA Audit, summary biographies on the slate of nominees seeking election to the Board, the proposals to amend the Company’s bye-laws and procedural matters related to the Company’s AGM and voting thereat will be made available through an official notice distributed by VEON to its registered shareholders of record prior to the meeting. About VEON Disclaimer Contact information VEON |