Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  VEON Ltd.    VEON

VEON LTD.

(VEON)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

VEON : 2016 Deferred Prosecution Agreement concludes as monitor certifies VEON's compliance programme

share with twitter share with LinkedIn share with facebook
10/31/2019 | 05:17pm EDT

Milestone marks the end of VEON's three year compliance monitorship

Amsterdam, 31 October 2019 - VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON) today announces that the Deferred Prosecution Agreement ('DPA') entered into on 18 February 2016 with the US Department of Justice has concluded. This marks the end of VEON's compliance monitorship, conducted in connection with the DPA and the company's settlement with the US Securities & Exchange Commission.

VEON is pleased that its commitment to ethics, compliance and internal controls, along with the improvements it has made over the past three years, have enabled it to successfully complete the DPA and monitorship in a timely manner. VEON will continue to ensure that its robust anti-corruption programme is effective and sustainable over the long-term.

With the conclusion of the DPA, the US Department of Justice has filed a motion with the US District Court for the Southern District of New York to dismiss the charges deferred by the DPA.

Ursula Burns, VEON's Chairman and CEO, said: 'This is a significant milestone for our company which demonstrates the strong progress we have made in building a robust and sustainable compliance programme across our business. A culture of ethics and compliance is now reflected in our structures, procedures and daily ways of working.

Key to strengthening our internal controls and compliance culture was the appointment of our Group General Counsel Scott Dresser in 2014 and our Group Chief Compliance Officer Josh Drew in 2017. Their leadership and the diligence of their teams have been essential in leading the company successfully through the entire process and monitorship. We remain committed to ensuring ethics and compliance underscores everything we do, and I am proud of the hard work by our employees to ensure we, as a Group, are working at the highest standards.'

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, headquartered in Amsterdam. Our vision is to empower customers ambitions through technology, acting as a digital concierge to guide their choices and connect them with resources that match their needs. For more information visit: http://www.veon.com.

Disclaimer

This release contains 'forward-looking statements', as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. 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 VEON might not even anticipate, including the expected dismissal of the charges deferred by the DPA. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Disclaimer

VEON Ltd. published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 22:16:03 UTC

share with twitter share with LinkedIn share with facebook
Latest news on VEON LTD.
06/11VEON : announces the pricing of its RUB 20 billion 6.30 % notes issued under its..
PU
06/11VEON : Notice of the 2020 Annual General meeting of shareholders of VEON Ltd.
PU
06/11PJSC VIMPELCOM : Interim condensed consolidated financial statements as of 31 Ma..
PU
06/11VEON : announces launch of a drawdown under GMTN programme and publishes a base ..
PU
06/04VEON : Announces a New RUB 100 Billion Term Loan Agreement With Sberbank
PR
05/07VEON : Reports Balanced 1Q20 Results And Provides Operational Update For COVID-1..
PR
05/05VEON : JazzCash Strengthens Pakistan's Payments Ecosystem With Mastercard Partne..
PR
05/01VEON : Announces Annual General Meeting; Ursula Burns to Step Down as Chairman
PR
04/16VEON : establishes a US$6.5 billion global MTN programme and publishes a base of..
PU
04/03VEON : Appoints Alexander Torbakhov as Beeline Russia CEO
PR
More news
Financials (USD)
Sales 2020 8 116 M - -
Net income 2020 447 M - -
Net Debt 2020 8 492 M - -
P/E ratio 2020 7,07x
Yield 2020 8,82%
Capitalization 3 131 M 3 131 M -
EV / Sales 2019
EV / Sales 2020 1,43x
Nbr of Employees 46 492
Free-Float 99,6%
Chart VEON LTD.
Duration : Period :
VEON Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VEON LTD.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 2,63 $
Last Close Price 1,79 $
Spread / Highest target 196%
Spread / Average Target 47,0%
Spread / Lowest Target 0,56%
EPS Revisions
Managers
NameTitle
Muhterem Kaan Terzioglu Co-Chief Executive Officer
Sergi Herrero Co-Chief Executive Officer
Gennady G. Gazin Chairman
Serkan Sabri Okandan Group Chief Financial Officer
Yogesh Sanjeev Malik Group Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
VEON LTD.-29.25%3 131
SOFTBANK CORP.-6.27%60 302
BHARTI AIRTEL LIMITED22.53%40 722
CELLNEX TELECOM44.49%24 004
SAFARICOM PLC-7.94%10 884
TELE2 AB (PUBL)-5.34%9 515