VEON’s Scheme approved by Court
Following this, the Scheme will become effective in accordance with its terms and will bind the Company and all Scheme Creditors.
- 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.