Notice of Scheme Convening Hearing
VEON Holdings B.V.
Proposed Scheme of Arrangement of VEON
Notice of Scheme Convening Hearing
Amsterdam, Netherlands, 16 December 2022
13:30 CET: Further to the announcement issued by VEON Ltd.
(NASDAQ, Euronext Amsterdam: VEON) and its subsidiary, VEON
Holdings B.V. (the “Company”), on 24 November 2022 regarding
the launch of a scheme of arrangement by the Company in respect of
the 2023 Notes (the “Scheme”) via the issuance of a Practice
Statement Letter (the “Initial Practice Statement Letter”)
and the announcement on 9 December 2022 regarding the issuance of a
supplemental Practice Statement Letter, notice is hereby given that
the Scheme Convening Hearing is scheduled take place before Mr
Justice Zacaroli in The Rolls Building no earlier than 10:30 a.m.
(London time) on 20 December 2022 at the Royal Courts of Justice, 7
Rolls Building, Fetter Lane, London EC4A 1NL.
The exact time and location is to be confirmed
and published by the Court on 19 December 2022 on the Business and
Property Courts Rolls Building Cause List, which can be accessed
via the following link:
At the Scheme Convening Hearing, the Company
will seek an order granting it certain directions in relation to
the Scheme in respect of its 2023 Notes, including permission to
convene a meeting for the Scheme Creditors of the 2023 Notes issued
by the Company for the purpose of considering, and, if thought fit,
approving the Scheme.
Any Scheme Creditor is entitled to attend the
Scheme Convening Hearing to make representations to the Court, or
to instruct counsel to attend the Scheme Convening Hearing and to
make representations to the Court on their behalf.
Scheme Creditors may attend the Scheme Convening
Hearing remotely via webinar, but will only be able to make
representations if they attend in person at Court.
Scheme Creditors who wish to attend the Scheme
Convening Hearing and make representations, or who wish to instruct
counsel to attend the Scheme Convening Hearing and to make
representations to the Court on their behalf, should contact the
Court or Kroll Issuer Services Limited (as the Company’s
information agent) by email to firstname.lastname@example.org, in each case with
copy to Akin Gump LLP (as the Company's counsel on the Scheme) by
email to AkinProjectVerona@akingump.com, specifying their name and
email address and, if applicable, the name and email address of
their counsel. Those Scheme Creditors wishing to attend the Scheme
Convening Hearing remotely via webinar will need to email
AkinProjectVerona@akingump.com by no later than 12:00 p.m. (midday)
(London time) on 19 December 2022 with the email address that they
would like to use to dial into the Scheme Convening Hearing. The
relevant link will then be provided to the Scheme Creditor directly
by the Court.
Capitalised terms used but not defined in this
announcement have the meaning given to them in the Initial Practice
Statement Letter, which is available on the Scheme Website at
VEON is a global digital operator that currently
provides converged connectivity and online services to over 200
million customers in seven dynamic markets. We are transforming
people’s lives, empowering individuals, creating opportunities for
greater digital inclusion and driving economic growth across
countries that are home to more than 8% of the world’s population.
Headquartered in Amsterdam, VEON is listed on NASDAQ and
For more information visit: https://www.veon.com.
This release is for informational purposes only
and shall not constitute a prospectus or an offer to sell or the
solicitation of an offer to buy securities in the United States or
any other jurisdiction, nor shall there be any offer of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under applicable
This press release is not a prospectus for the
purposes of Regulation (EU) 2017/1129.
This communication or information contained
herein is not an offer, or an invitation to make offers, to sell,
exchange or otherwise transfer securities in the Russian Federation
to or for the benefit of any Russian person or entity and does not
constitute an advertisement or offering of securities in the
Russian Federation within the meaning of Russian securities
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 include statements
relating to, among other things, the anticipated date and time of
the Scheme Convening Hearing and VEON’s intent to seek an order
granting it certain directions in relation to the Scheme. Forward
looking statements are inherently subject to risks and
uncertainties, many of which VEON cannot predict with accuracy and
some of which VEON might not even anticipate. The forward-looking
statements contained in this release speak only as of the date of
this release. VEON disclaims any obligation to update them or to
announce publicly any revision to any of the forward-looking
statements contained in this release, or to make corrections to
reflect future events or developments.
Any steps taken in respect of the Scheme and in
connection with the Amendments must be in compliance with all
applicable sanctions laws and regulations, including the sanctions
laws and regulations administered by the European Union, the United
Kingdom and the United States, and including securing any necessary
licences and approvals from competent sanctions authorities.
VEONGroup Director Investor RelationsNik
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