Authorised Conveyancing Practitioners Board

VEON Obtains OFAC License for Scheme Meeting

Retrieved on: 
Monday, December 26, 2022
Trustee, Telephone, Proxy, Intermediary, Explanation, Authorised Conveyancing Practitioners Board, VEON, OFAC, Court, Scheme, Information, Euronext Amsterdam, Documentation, Security (finance)

Amsterdam, Netherlands, 26 December 2022 19:30 CET: Following the announcement made on 21 December 2022 related to the Court order granting the Company permission to convene the Scheme Meeting, 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”) hereby give notice that the OFAC License referred to in the previous announcement has been granted, such that the Company is satisfied that it has obtained all necessary OFAC related Authorisations for the Scheme.

Key Points: 
  • Amsterdam, Netherlands, 26 December 2022 19:30 CET: Following the announcement made on 21 December 2022 related to the Court order granting the Company permission to convene the Scheme Meeting, 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”) hereby give notice that the OFAC License referred to in the previous announcement has been granted, such that the Company is satisfied that it has obtained all necessary OFAC related Authorisations for the Scheme.
  • With this OFAC License, the Company confirms it has obtained all Authorisations necessary for the Scheme Meeting to take place (as planned), via Zoom, on 24 January 2023 at 10:00 a.m. (London time) (or such later time or date as the Company may decide and notify to Scheme Creditors).
  • The Company continues to pursue any other Authorisations required to effect the Scheme, should the Scheme be approved at the Scheme Meeting and sanctioned by the Court at the Scheme Sanction Hearing.
  • Scheme Creditors that have questions in relation to the Explanatory Statement and accompanying documentation, the Voting and Proxy Form or the Scheme Meeting may contact Kroll Issuer Services Limited (as the Company’s information agent) by email to [email protected] or by telephone on + 44 20 7704 0880.

Invitation to Submit Voting and Proxy Forms and Notice of Scheme Meeting

Retrieved on: 
Wednesday, December 21, 2022
Proxy, Telephone, Note, Intermediary, Explanation, Authorised Conveyancing Practitioners Board, Annexation, VEON, Court, Scheme, Information, Euronext Amsterdam, Documentation, Creditor, Security (finance)

All Scheme Creditors are requested to attend the Scheme Meeting, via Zoom (either in person, by duly authorised representative if a corporation, or by proxy).

Key Points: 
  • All Scheme Creditors are requested to attend the Scheme Meeting, via Zoom (either in person, by duly authorised representative if a corporation, or by proxy).
  • The Notice of Scheme Meeting, which provides further information in relation to the Scheme Meeting, is appended hereto as Annexure 1.
  • Instructions for completing the Voting and Proxy Form are set out in the Voting and Proxy Form.
  • Scheme Creditors and/or Account Holders requiring any assistance in completing their Voting and Proxy Forms should contact the Information Agent by email to [email protected] or by telephone on + 44 20 7704 0880.

Results of Scheme Convening Hearing

Retrieved on: 
Wednesday, December 21, 2022
Practice, Proxy, Explanation, Authorised Conveyancing Practitioners Board, VEON, Court, Scheme, Euronext Amsterdam, Creditor, Security (finance), Note

Proposed Scheme of Arrangement of VEON Holdings B.V.

Key Points: 
  • Proposed Scheme of Arrangement of VEON Holdings B.V.
    Amsterdam, Netherlands, 21 December 2022 19:45 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”), inform that, further to the announcement issued on 16 December 2022 regarding the Scheme Convening Hearing on 20 December 2022, the Court has today made an order (the “Convening Order”) convening a single meeting of the Scheme Creditors of the 2023 Notes issued by the Company for the purpose of considering and, if thought fit, approving the Scheme in respect of the 2023 Notes (the “Scheme Meeting”).
  • The Company has also today made available the Explanatory Statement, issued in connection with the Scheme in respect of the 2023 Notes, the Voting and Proxy Form and the Notice of Scheme Meeting, through the Scheme Website at https://deals.is.kroll.com/veon.
  • The Scheme Meeting will allow the Scheme Creditors to vote on the Scheme proposed by the Company in respect of its 2023 Notes, provided they are not precluded from doing so by law or regulation.
  • Further information regarding the Scheme Meeting and submission of Voting and Proxy Forms will be provided by the Notice of Scheme Meeting and the Voting and Proxy Forms.