Explanation

Promethean introduces new game-changing whiteboard app at FETC 2024

Retrieved on: 
Wednesday, January 24, 2024

SEATTLE, Jan. 24, 2024 /PRNewswire/ -- Promethean, a leading global education technology company, will showcase its new Explain Everything Whiteboard app at this year's Future of Education Technology Conference (FETC) in Orlando, Fla., January 23 – 26. The app will be included on all ActivPanel 9 and ActivPanel 9 Premium interactive displays, so both current and future customers will have free access to it.

Key Points: 
  • The app will be included on all ActivPanel 9 and ActivPanel 9 Premium interactive displays, so both current and future customers will have free access to it.
  • Because the Explain Everything Whiteboard is integrated with the ActivPanel 9 ecosystem, it can be used simultaneously with Promethean's popular Essential App Suite, which includes Spinner, Timer, Screen Recording, Screen Capture, and more.
  • "We're excited to demonstrate what the Explain Everything Whiteboard can do and see people's reaction to it at FETC.
  • For more information about this year's FETC, including a detailed agenda and list of speakers, visit: https://www.fetc.org .

EQS-News: Steinhoff International Holdings N.V. : PUBLICATION OF UPDATED WHOA RESTRUCTURING PLAN

Retrieved on: 
Wednesday, April 26, 2023

Further to its announcement of 25 April 2023, Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) announces the following update on its Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”).

Key Points: 
  • Further to its announcement of 25 April 2023, Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) announces the following update on its Dutch law restructuring plan (akkoord) (“WHOA Restructuring Plan”).
  • After the publication of the draft WHOA Restructuring Plan on 29 March 2023, a consultation period commenced during which affected stakeholders were able to submit their views on the draft WHOA Restructuring Plan to the Company.
  • As set out more extensively in the WHOA Restructuring Plan, the Company believes that the WHOA Restructuring Plan offers material compelling benefits, including:
    Stable Platform: The implementation of the WHOA Restructuring Plan will enable the Group to continue to operate under the new ownership structure without facing the imminent pressure of a default, bankruptcy or enforcement.
  • Confirmation Order – the date on which the Dutch Court confirms the WHOA Restructuring Plan and the WHOA Restructuring Plan becomes binding and effective.

VEON’s 2023 Notes are amended

Retrieved on: 
Tuesday, April 4, 2023

Amsterdam, Netherlands, 4 April 2023: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), are pleased to announce that, further to the announcement issued on 3 April 2023 regarding the satisfaction of the Amendment Conditions, each of the steps required to implement the Amendments have been completed and, therefore, the amendments to the terms of the 2023 Notes and the 2023 Notes Trust Deeds (as set out in the Scheme) have today become effective.

Key Points: 
  • Amsterdam, Netherlands, 4 April 2023: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), are pleased to announce that, further to the announcement issued on 3 April 2023 regarding the satisfaction of the Amendment Conditions, each of the steps required to implement the Amendments have been completed and, therefore, the amendments to the terms of the 2023 Notes and the 2023 Notes Trust Deeds (as set out in the Scheme) have today become effective.
  • Therefore, the Amendment Effective Time under the Scheme has occurred.
  • The table below sets out the anticipated key dates in respect of the exercise of the Put Right.
  • 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, and instructions on how to exercise, the Put Right in respect of the Amended 2023 Notes
    Capitalised terms used but not defined in this announcement have the meaning given to them in the Explanatory Statement issued by the Company on 21 December 2022, as amended on 11 January 2023, which is available on the Scheme Website at https://deals.is.kroll.com/veon .

VEON confirms that Scheme Amendment Conditions have been satisfied

Retrieved on: 
Monday, April 3, 2023

The Company is therefore proceeding with the steps required to implement the amendments to the 2023 Notes in accordance with the terms of the Scheme and anticipates that the amendments to the 2023 Notes will become effective tomorrow, 4 April.

Key Points: 
  • The Company is therefore proceeding with the steps required to implement the amendments to the 2023 Notes in accordance with the terms of the Scheme and anticipates that the amendments to the 2023 Notes will become effective tomorrow, 4 April.
  • The Company will provide a further announcement once the Amendment Effective Time has occurred.
  • The table below sets out the anticipated key dates in respect of the implementation of the amendments to the 2023 Notes (as set out in the Scheme) and the Put Right in respect of the Amended 2023 Notes.
  • Amendments to the 2023 Notes (as set out in the Scheme) are implemented and become effective.

VEON obtains remaining licences required to amend its 2023 Notes and extend their maturities

Retrieved on: 
Monday, April 3, 2023

Amsterdam, Netherlands, 3 April 2023 07:00 CEST: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), are pleased to announce that they have now received the remaining licences and regulatory confirmations required to implement the amendments to its 2023 Notes from UK, Dutch and Bermuda authorities.

Key Points: 
  • Amsterdam, Netherlands, 3 April 2023 07:00 CEST: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), are pleased to announce that they have now received the remaining licences and regulatory confirmations required to implement the amendments to its 2023 Notes from UK, Dutch and Bermuda authorities.
  • In addition to the OFAC Licence received on 23 December 2022, the OFSI Licence was received on 23 February 2023, a confirmation was received on 9 March 2023 from the Netherlands Ministry of Finance that a licence or authorisation is not required in connection with implementation of the amendments to the 2023 Notes, and a licence was received from the Bermudan Sanctions Authority on 31 March 2023.
  • The Company is satisfied that it has now received all authorisations and/or licences necessary to implement the amendments to the 2023 Notes as set out in the Scheme.
  • VEON Group CEO Kaan Terzioglu commented: “We welcome the receipt of these licences for implementation of the amendments under the Scheme, which allow for the extension of the maturities of our 2023 notes, among other measures.

VEON’s Scheme becomes effective

Retrieved on: 
Tuesday, January 31, 2023

Amsterdam, Netherlands, 31 January 2023 12:30 CET: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), confirm that, further to the announcement issued on 30 January 2023 regarding the Scheme Sanction Hearing, at which the Court made an order sanctioning the Scheme (the “Order”), the Order has been delivered to the Registrar of Companies.

Key Points: 
  • Amsterdam, Netherlands, 31 January 2023 12:30 CET: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”), confirm that, further to the announcement issued on 30 January 2023 regarding the Scheme Sanction Hearing, at which the Court made an order sanctioning the Scheme (the “Order”), the Order has been delivered to the Registrar of Companies.
  • VEON and the Company are therefore pleased to announce that each of the conditions to the Scheme has been fulfilled in accordance with the terms of the Scheme and therefore the Scheme has become effective and binds the Company and all Scheme Creditors, including, among other things, the imposition of the Scheme Standstill, which will restrict 2023 Noteholders from taking Enforcement Action (and other related actions) in accordance with the terms described in the Scheme, as summarised in the Explanatory Statement issued by the Company on 21 December 2022, as amended on 11 January 2023.
  • The Amendments will only become effective if and when each of the Amendment Conditions has been satisfied or waived (in accordance with the Scheme).
  • Capitalised terms used but not defined in this announcement have the meaning given to them in the Explanatory Statement, which is available on the Scheme Website at https://deals.is.kroll.com/veon.

VEON’s Scheme approved by Court

Retrieved on: 
Monday, January 30, 2023

Following this, the Scheme will become effective in accordance with its terms and will bind the Company and all Scheme Creditors.

Key Points: 
  • Following this, the Scheme will become effective in accordance with its terms and will bind the Company and all Scheme Creditors.
  • Notwithstanding the sanctioning of the Scheme by the Court, the Amendments will only become effective if and when each of the Amendment Conditions has been satisfied or waived (in accordance with the Scheme).
  • Capitalised terms used but not defined in this announcement have the meaning given to them in the Explanatory Statement, which is available to the Scheme Creditors on the Scheme Website at https://deals.is.kroll.com/veon .
  • VEON Group CEO Kaan Terzioglu commented: “We welcome the approval of the scheme by Court which we believe is in the best interest of all stakeholders.

VEON confirms date of Scheme Hearing is 30 January 2023

Retrieved on: 
Thursday, January 26, 2023

Amsterdam, Netherlands, 26 January 2023: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”) confirm that, further to the announcement issued on 24 January 2023 regarding the results of the Scheme Meeting, the Scheme Sanction Hearing is scheduled to take place before Mr. Justice Roth via webinar  at 10.30 a.m. (London time) on 30 January 2023.

Key Points: 
  • Amsterdam, Netherlands, 26 January 2023: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, and its subsidiary, VEON Holdings B.V. (the “Company”) confirm that, further to the announcement issued on 24 January 2023 regarding the results of the Scheme Meeting, the Scheme Sanction Hearing is scheduled to take place before Mr. Justice Roth via webinar  at 10.30 a.m. (London time) on 30 January 2023.
  • At the hearing, the Company will seek an order requesting the Court sanction the Scheme.
  • If the Scheme is sanctioned by the Court at the Scheme Sanction Hearing, and the other specified conditions to the Scheme are satisfied, the Scheme will then become effective.
  • Scheme Creditors who wish to attend the Scheme Sanction Hearing will need to email [email protected] by no later than 12:00 p.m. (midday) (London time) on 27 January 2023, providing their email address.

VEON’s proposed Scheme approved by 97.59% of Scheme Creditors present and voting at Scheme Meeting

Retrieved on: 
Tuesday, January 24, 2023

The Scheme Sanction Hearing is anticipated to take place in London on 30 January 2023. Further details, including the precise time and location of the Scheme Sanction Hearing, are expected to be provided on the Business and Property Courts Rolls Building Cause List (which can be accessed via the following link: https://www.gov.uk/government/publications/business-and-property-courts-...) on the day before the Scheme Sanction Hearing. If the Scheme is sanctioned by the Court at the Scheme Sanction Hearing, and the other specified conditions to the Scheme are satisfied, the Scheme will then become effective. The Company will issue an announcement providing further information regarding the time and location of the Scheme Sanction Hearing in due course.

Key Points: 
  • Of the Scheme Creditors present and voting at the meeting, 97.59 per cent.
  • The Scheme Sanction Hearing is anticipated to take place in London on 30 January 2023.
  • If the Scheme is sanctioned by the Court at the Scheme Sanction Hearing, and the other specified conditions to the Scheme are satisfied, the Scheme will then become effective.
  • The Company will issue an announcement providing further information regarding the time and location of the Scheme Sanction Hearing in due course.

VEON provides update on voting on Scheme

Retrieved on: 
Tuesday, January 17, 2023

Amsterdam, Netherlands, 17 January 2023: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON) (“VEON” or, together with its subsidiaries, the “Group”), a global digital operator that provides converged connectivity and online services, and its subsidiary VEON Holdings B.V. (the “Company”) refers to its prior announcements in relating to the Company’s proposed scheme of arrangement (the “Scheme”) in respect of the 5.95% notes due February 2023 and 7.25% notes due April 2023 issued by the Company (together, the “2023 Notes”).

Key Points: 
  • Amsterdam, Netherlands, 17 January 2023: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON) (“VEON” or, together with its subsidiaries, the “Group”), a global digital operator that provides converged connectivity and online services, and its subsidiary VEON Holdings B.V. (the “Company”) refers to its prior announcements in relating to the Company’s proposed scheme of arrangement (the “Scheme”) in respect of the 5.95% notes due February 2023 and 7.25% notes due April 2023 issued by the Company (together, the “2023 Notes”).
  • The Company has today provided an update on voting on the Scheme.
  • The Voting and Proxy Form is available on the Scheme Website and may be submitted by completing the electronic form on the Scheme Website or by submitting a pdf of the completed Voting and Proxy Form to the Information Agent at [email protected].
  • For the avoidance of doubt, a Scheme Creditor shall not be a Sanctions Disqualified Person solely because it holds its 2023 Notes through the NSD.