AMSTERDAM, March 30, 2017
/PRNewswire/ -- VEON announced it has secured shareholder
approval to change its name from VimpelCom Ltd. to VEON Ltd. and to
amend and restate the company's bye-laws, as a result of the
Special General Meeting of Shareholders, which was held in
Amsterdam today. From March 31, 2017, the company's American Depositary
Shares will trade on the NASDAQ Global Select Market under the
symbol "VEON."
The company's intention to change its name to VEON, subject to
shareholder approval, was announced at Mobile World Congress on
27 February 2017 as part of the
company's repositioning from a mobile telecom operator to a global
tech player. VEON intends to continue to build on its local brands'
strong awareness and focus on maintaining its strong market
positions. VEON is the new name of the company and a new personal
internet platform that integrates powerful data analytics and
artificial intelligence, with a fresh take on messaging
capabilities, enabling users and communities to connect by voice,
text, picture and video through a beautifully designed
interface.
In addition to effecting the renaming, the amendments to the
company's bye-laws will improve the efficiency of decision-making
at VEON, whilst continuing to ensure there is a proper level of
Supervisory Board oversight.
About VEON
VEON, a NASDAQ-listed global provider of communications
services, formerly known as VimpelCom, aspires to lead the personal
internet revolution for more than 235 million customers it serves
today, and many others in the years to come.
Follow us on Twitter @veondigital or visit our website
@http://www.veon.com.
Disclaimer
This press 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. These forward-looking statements may be
identified by words such as "aspire," "may," "might," "will,"
"could," "would," "should," "expect," "plan," "anticipate,"
"intend," "seek," "believe," "estimate," "predict," "potential,"
"continue," "contemplate," "possible" and other similar terms and
phrases, including references to assumptions and forecasts of
future results. Similarly, statements herein that describe the
Company's plans, intentions or goals also are forward-looking
statements. The forward-looking statements included in this press
release are based on management's best assessment of the Company's
reasonable assumptions of its business objectives, plans,
intentions or goals. New risk factors and uncertainties emerge from
time to time and it is not possible for our management to predict
all risk factors and uncertainties, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Under no circumstances should the inclusion of such forward-looking
statements in this press release be regarded as a representation or
warranty by us or any other person with respect to the achievement
of results set out in such statements or that the underlying
assumptions used will in fact be the case. Therefore, you are
cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements speak only as of the
date of this press release hereof. We cannot assure you that any
projected results or events will be achieved. Except to the extent
required by law, we disclaim any obligation to update or revise any
of these forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made, or to reflect the occurrence of
unanticipated events.
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SOURCE VimpelCom Ltd.