VON Limited and VON Holdings BV
VEON confirms plan modification conditions have been met
Amsterdam, Netherlands, 3rd Apr 2023 07:05 CEST: VEON Ltd. (NASDAQ, Euronext Amsterdam: von), a global digital operator providing convergent connectivity and online services, and its subsidiary VEON Holdings BV (“company“), is pleased to announce that subsequent to the announcement issued on January 31, 2023 in connection with the Scheme coming into force, each of the amendment conditions has been satisfied in accordance with the terms of the Scheme, including the approval by the Company of all authorizations includes the receipt and/or the licenses required to implement the amendments in the 2023 Notes (as set forth in the Plan).
The Company is therefore taking the necessary steps to implement the amendments to the 2023 Note in accordance with the terms of the plan and expects the amendments to the 2023 Note to become effective tomorrow, April 4th. The company will provide a further announcement after the revision becomes effective.
Expected Process and Timeline
The table below sets forth the anticipated key dates with respect to the implementation of the amendments to the 2023 Notes (as set forth in the Plan) and the put rights with respect to the Amended 2023 Notes.
| key date | step |
| 4 April 2023 | The amendments to the 2023 Note (as set out in the Scheme) have been implemented and become effective. Occurrence of Amendment Effective Time and Amendment Effective Date |
| 5 April 2023 | Issuance of the 2023 Put Option Event Notice (as defined in the Amended 2023 Notes Trust Deeds), which will, among other things, provide further details on how to exercise the put rights with respect to the Amended 2023 Notes. |
| 5 April 2023 | Commencement of the 2023 Put Option Period (as defined in the Amended 2023 Notes Trust Deeds) |
| 19 April 2023 at 5:00 PM (New York time). | Expiration of the 2023 Put Option Period (as defined in the Amended 2023 Notes Trust Deeds) |
| 26 April 2023 | 2023 Put Option Settlement Date (as defined in the Amended 2023 Note Trust Deed) |
Capitalized terms used in this Announcement but not defined shall have the meaning set forth in the Explanatory Statement issued by the Company on December 21, 2022, as amended on January 11, 2023, which is available on the website of the Scheme. https://deals.is.kroll.com/veon,
about von
VEON is a global digital operator currently providing connected connectivity and online services to over 200 million customers in seven dynamic markets. We are transforming lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth in 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 information
This release is for informational purposes only and shall not constitute a prospectus or a solicitation of an offer to sell or an offer to buy securities in the United States or any other jurisdiction, nor any offering of securities in any jurisdiction in which such applicable securities law is applicable. The offer, solicitation or sale prior to registration or qualification under the laws shall be unlawful.
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 an offer, to sell, exchange or otherwise transfer securities in the Russian Federation for or for the benefit of any Russian person or entity and does not constitute an advertisement or offer does not constitute securities in the Russian Federation within the meaning of Russian securities laws.
Elements of this press release may contain or contain “inside information” as defined under Market Abuse Regulation (EU) No. 596/2014 with respect to VON Holdings BV.
disclaimer
This release contains “forward-looking statements”, as defined in section 27A of the US Securities Act of 1933, as amended, and section 21E of the US Securities Exchange Act of 1934, as amended. Is. Forward-looking statements are not historical facts, and are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which cannot even anticipate. Forward-looking statements included in this release speak only as of the date of this release. VEON disclaims any obligation to update or publicly announce any revisions to any forward-looking statements contained in this release, or to make corrections to reflect future events or developments, other than those set forth above. or other than as required by US securities regulations.
Any steps taken and amended in connection with the Plan must be in compliance with all applicable sanctions laws and regulations, including sanctions laws and regulations administered by the European Union, the United Kingdom and the United States of America with respect to the Put Right. and obtaining all necessary licenses and approvals from the competent regulatory authorities.
contact information
von
Group Director Investor Relations
nick kershaw
bond@veon.com