VEON Waives $0.05 ADS Fee, Targets $100M Yearly Share Buybacks
VEON will suspend depositary service fees on its American Depositary Shares from January 1, saving investors USD 0.05 per ADS annually. The company also commits to return at least USD 100 million each year through share buybacks while pursuing a transformation into consumer and enterprise services across five licensed markets.
1. Fee Suspension Details
VEON announced that, effective January 1, 2026, BNY Mellon will no longer collect depositary service fees on VEON’s American Depositary Shares, reducing ownership costs by USD 0.05 per ADS per year to improve accessibility for current and potential investors.
2. Capital Allocation Strategy
The company has introduced a capital allocation policy to return at least USD 100 million annually through share buybacks, reflecting management’s response to investor dialogue and a commitment to enhance shareholder value.
3. Transformation and Growth Focus
VEON is executing a strategy to evolve into a consumer and enterprise digital services provider with telecom licenses across five high-growth markets, leveraging its network to serve over 150 million connectivity customers and more than 205 million digital users.