VEON Plans To Delist From Euronext Amsterdam And Launch $100M Share Buyback
Portfolio Pulse from Benzinga Newsdesk
VEON plans to delist from Euronext Amsterdam and focus solely on its Nasdaq listing. The company will also launch a $100M share buyback. The delisting is expected to occur in Q4 2024, following the filing of its annual report on Form 20-F.
August 01, 2024 | 6:47 am
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VEON plans to delist from Euronext Amsterdam and focus solely on its Nasdaq listing. The company will also launch a $100M share buyback. The delisting is expected to occur in Q4 2024, following the filing of its annual report on Form 20-F.
The delisting from Euronext Amsterdam and the focus on Nasdaq will streamline VEON's reporting requirements, potentially making the company more efficient. The $100M share buyback is likely to be viewed positively by investors, as it indicates confidence in the company's future and can support the stock price.
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