New Street Research - VEON Ltd. Sponsored ADR (VEON) VEON (Buy, TP: $40, +52%) US$100m share buyback announced; delisting from Euronext Amsterdam

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New Street Research

Chris Hoare

EUR 9599.00 For Business Accounts Only

VEON (Buy, TP: $40, +52%) US$100m share buyback announced; delisting from Euronext Amsterdam

VEON announced plans to delist from Euronext Amsterdam in 4Q24. It will remain listed on the NASDAQ via ADRs and has announced a share buyback of up to US$ 100m subsequent to the de-listing.

01/08/2024 1 EN

Underlying

VEON Ltd. Sponsored ADR

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US91822M1062 NASDAQ Stock Market United States

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New Street Research

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Analysts

Chris Hoare

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VEON (Buy, TP: $40, +52%) US$100m share buyback announced; delisting from Euronext Amsterdam

VEON (Buy, TP: $65, +93%) Q3 24 Quick Take: Revenue in-line but EBITDA softer; Guidance cut

VEON (Buy, TP: $65 from $40, +117%) Focus on Digital, Buy, PT to US$65/ADR

EMEA & African Telcos & Towers - High Yield Review – Initiate Coverage on Axian Telecom and Liquid Intelligent Technologies, plus VEON, IHS Towers & Helios

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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