Euronext Amsterdam

VEON’s Mobilink Bank Participates in COP28, Emphasizes the Role of Gender Inclusivity in Climate Finance

Retrieved on: 
Monday, December 11, 2023
Report, Climate change, Economic development, COP28, Emergency, Conference, Disaster, Woman, Agriculture, VEON, Farmer, Pacific Ocean, JazzCash, Ministry, Euronext Amsterdam, Renewable energy

Mobilink Bank’s Chief Operating Officer Haaris Mahmood Chaudhary spoke at a panel on gender equality and gender-responsive finance to combat climate change in Pakistan.

Key Points: 
  • Mobilink Bank’s Chief Operating Officer Haaris Mahmood Chaudhary spoke at a panel on gender equality and gender-responsive finance to combat climate change in Pakistan.
  • Mobilink Bank, Pakistan’s leading digital microfinance bank with over 45 million registered users, is among the first adopters of climate finance in Pakistan.
  • Mobilink Bank has invested over PKR1.6 billion ($5.6 million) in green financing, primarily focusing on loans for solar applications in agriculture to promote renewable energy.
  • “It is often the most disadvantaged parts of the society that bear the brunt of disasters, including climate change.

Vereniging Aegon to participate in current share buyback program

Retrieved on: 
Friday, December 8, 2023
EUR, Share repurchase, Euronext Amsterdam, Aegon, Life

The Hague, December 8, 2023 - Aegon has entered into an agreement with its largest shareholder, Vereniging Aegon , to partially participate in Aegon’s current EUR 1.5 billion share buyback program.

Key Points: 
  • The Hague, December 8, 2023 - Aegon has entered into an agreement with its largest shareholder, Vereniging Aegon , to partially participate in Aegon’s current EUR 1.5 billion share buyback program.
  • The repurchase of shares from Vereniging Aegon will commence as soon as Aegon has repurchased shares for an amount of EUR 750 million under the buyback program and is expected to run until the end of the share buyback program.
  • Vereniging Aegon will participate pro-rata in the share buyback program based on its combined common shares and common shares B voting rights currently exercisable of 18.6%, resulting in a buyback amount of EUR 139.5 million.
  • The number of shares that Aegon will repurchase from Vereniging Aegon will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.

VEON’s Kyivstar and Amazon Web Services Sign Memorandum of Cooperation to Support the Development of Ukrainian Businesses

Retrieved on: 
Monday, December 4, 2023
Cloud, Partnership, AWS, University, VEON, B2B, DMP, Memorandum, Organization, Data science, Euronext Amsterdam, Analytics, Amazon Web Services

These include

Key Points: 
  • These include
    Analytics in AWS Cloud: Kyivstar will offer AWS solutions for data processing and analysis, reporting, and modeling.
  • Infrastructure Cloud Migration: Kyivstar will assist customers in migrating their infrastructure to AWS, enabling them to achieve greater efficiency and scalability of their IT infrastructure.
  • “The cooperation with AWS confirms Kyivstar's long-standing position of a technology and innovation leader in the Ukrainian market.
  • Our partnership with Amazon Web Services is a significant step for the development of Ukrainian business and its integration into the international environment”, said Oleksandr Komarov, President of Kyivstar.

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

Retrieved on: 
Monday, November 27, 2023
Exhibit, VEON, Clawback, Recovery, Euronext Amsterdam, Policy

The Board of Directors of VEON (the “Company”) has introduced a robust Policy for the Recovery of Erroneously Awarded Compensation (the “Clawback Policy”) to align with Section 10D and Rule 10D-1of the Securities Exchange Act of 1934 and the listing standards adopted by NASDAQ.

Key Points: 
  • The Board of Directors of VEON (the “Company”) has introduced a robust Policy for the Recovery of Erroneously Awarded Compensation (the “Clawback Policy”) to align with Section 10D and Rule 10D-1of the Securities Exchange Act of 1934 and the listing standards adopted by NASDAQ.
  • Effective 2 October 2023, the Clawback Policy enables the Company to recover erroneously awarded incentive-based compensation from current and former Executive Officers (as defined in the Clawback Policy) in the event that it is required to prepare an accounting restatement.
  • This step is crucial in maintaining transparency and accountability, particularly in instances requiring accounting restatements.
  • In tandem with the adoption of the Clawback Policy, the Board of Directors has also revised existing incentive-based compensation plans to further align executive remuneration with shareholder interests and corporate objectives.

VEON Recognised for Crisis Response at World Communication Awards 2023

Retrieved on: 
Monday, November 27, 2023
Movement, VEON, Telecommunications, Flood, Kyivstar, Euronext Amsterdam, Mobile phone

Amsterdam, 27 November 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that it has been recognised with the Crisis Response Award for its group-wide emergency response initiatives in Ukraine, Pakistan, Bangladesh and beyond at the World Communication Awards 2023.

Key Points: 
  • Amsterdam, 27 November 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that it has been recognised with the Crisis Response Award for its group-wide emergency response initiatives in Ukraine, Pakistan, Bangladesh and beyond at the World Communication Awards 2023.
  • The World Communication Awards, presented in Amsterdam on 22 November 2023 and hosted after the conclusion of the Total Telecoms Congress, is adjudicated by over 90 independent industry experts, academics and chief technical officers, and is widely recognised as one of the most prestigious awards in the telecommunications industry.
  • This comprehensive approach and the success of VEON’s crisis response are the results of VEON teams’ determination to go above and beyond “business as usual” to serve their countries and communities in need.
  • "VEON’s emergency response initiatives have proved critical in safeguarding against national disasters and ensuring crucial communication lines remain open throughout geopolitical challenges,”  stated VEON Group CEO Kaan Terzioğlu.

VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed

Retrieved on: 
Monday, November 20, 2023
Sale, EBITDA, Euronext Amsterdam, Yoy, VEON, Multiplay, Bank statement, LTM, USD, B2C, Total, HQ, Education, Cryptocurrency

In 3Q23, total revenues reached USD 945 million, an increase of 6.1% YoY in reported currency, (+19.3% YoY in local currency).

Key Points: 
  • In 3Q23, total revenues reached USD 945 million, an increase of 6.1% YoY in reported currency, (+19.3% YoY in local currency).
  • Service revenues amounted to USD 913 million, an increase of 6.9% YoY in reported currency (+19.8% in local currency), while EBITDA of USD 444 million represented a 17.0% YoY increase in reported currency terms (+30.6% YoY in local currency).
  • Capex in 3Q23 was USD 131 million, a decline of 29.8% YoY, and reported capex intensity for the last twelve months was 17.8% (13.9% in the third quarter of 2023).
  • Total cash and cash equivalents as of 30 September 2023 amounted to USD 2.2 billion with USD 1.8 billion held at the headquarters (“HQ”) level at the end of the quarter.

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

Retrieved on: 
Wednesday, November 15, 2023
Sale, Euronext Amsterdam, VEON, Summit Communications Group, BDT, Telecommunications, Digital divide, Bangladesh Telecommunication Regulatory Commission, Partnership, Associate, Growth, Security, Education, Mobile phone, Cryptocurrency, Summit, Banglalink

The deal includes a long-term service partnership with Summit Towers.

Key Points: 
  • The deal includes a long-term service partnership with Summit Towers.
  • Upon closing of the deal, more than 2,000 towers – about one-third of Banglalink’s towers portfolio – will be transferred to Summit Towers, a company majority-owned by Summit Communications Group, a leading Bangladeshi infrastructure group.
  • “This strategic deal is a prelude to greater cooperation between Banglalink and Summit, the largest integrated telecommunications infrastructure company in Bangladesh.
  • We look forward to continuing to work together,” said Muhammad Farid Khan, Chairman of Summit Communications Limited and Summit Towers Limited.

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

Retrieved on: 
Tuesday, November 14, 2023
Sale, Euronext Amsterdam, VEON, United States service academies, Investment, State, House, Partner, USD, Health, Harvard Law School, Louisiana House of Representatives, Knowledge, Defence Intelligence Agency (India), Central Intelligence Agency, Education, Kyivstar

In addition, VEON Group CEO Kaan Terzioglu has been appointed as Chair of the Kyivstar Board of Directors.

Key Points: 
  • In addition, VEON Group CEO Kaan Terzioglu has been appointed as Chair of the Kyivstar Board of Directors.
  • These changes to Kyivstar’s Board of Directors reflect VEON’s commitment to Ukraine and to the recovery and reconstruction of the country.
  • “I am delighted to welcome Secretary Pompeo to the Board of this outstanding company, that he joins with strong support from our various US stakeholders.
  • Secretary Pompeo served as the 70th U.S. Secretary of State from 2018 to 2021 and the sixth Director of the Central Intelligence Agency from 2017 to 2018.

JBT Corporation Confirms Non-Binding Proposal to Acquire Marel

Retrieved on: 
Friday, November 24, 2023
Food, Beverage, Other Retail, Retail, Food Tech, Technology, LEX, Euronext Amsterdam, NYSE, Kirkland & Ellis, Icelandic, Nasdaq Iceland, JBT, JBT Corporation

JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today issued the following statement:

Key Points: 
  • JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today issued the following statement:
    “JBT today confirmed that it has submitted a non-binding initial proposal to the board of directors of Marel hf.
  • (“Marel”), whose shares are listed on Nasdaq Iceland and Euronext Amsterdam, in respect of a potential voluntary takeover offer for the entire share capital of Marel in accordance with Chapters X and XII of the Icelandic Takeovers Act no.
  • JBT has received an irrevocable undertaking and entered into exclusivity with respect to the shares owned by Eyrir Invest hf., which holds 24.7% of the shares in Marel.
  • This announcement follows Marel’s disclosure that it had received a potential offer to acquire all shares in the company.

Vivoryon Therapeutics N.V. to Present at Upcoming Investor Conference

Retrieved on: 
Tuesday, November 7, 2023
Euronext Amsterdam, Conference, Pharmaceutical industry

Halle (Saale) / Munich, Germany, November 7, 2023 – Vivoryon Therapeutics N.V. (Euronext Amsterdam: VVY; NL00150002Q7) (Vivoryon), a clinical stage company focused on the discovery and development of small molecule medicines to modulate the activity and stability of pathologically altered proteins, today announced that the Company’s management will present at the following conference:

Key Points: 
  • Halle (Saale) / Munich, Germany, November 7, 2023 – Vivoryon Therapeutics N.V. (Euronext Amsterdam: VVY; NL00150002Q7) (Vivoryon), a clinical stage company focused on the discovery and development of small molecule medicines to modulate the activity and stability of pathologically altered proteins, today announced that the Company’s management will present at the following conference:
    Jefferies London Healthcare Conference (November 14-16, 2023)
    A webcast of the presentation will be available via the " Presentations & Webcasts " page in the Investor Relations section on the Company's website at www.vivoryon.com and will be archived on the Company's website for 90 days following the conference.