VEON Holdings B.V. announces plan to submit mandatory tender offer in relation to Global Telecom Holding S.A.E.
VEON Ltd. - American Depositary Shares (VEON)
US:NASDAQ Investor Relations:
veon.com/investor-relations
Company Research
Source: PR Newswire
AMSTERDAM, Feb. 5, 2019 /PRNewswire/ -- VEON Holdings B.V. (the "Offeror"), a wholly-owned subsidiary of VEON Ltd. (together with the Offeror, "VEON"), announces that the Offeror intends to deposit a public mandatory cash tender offer (the "MTO") with the Egyptian Financial Regulatory Authority (the "FRA") in accordance with the provisions of Chapter 12 of the Executive Regulations of the Capital Market Law No. 95 of 1992 for the purchase of up to 1,997,639,608 shares of Global Telecom Holding S.A.E ("GTH"), representing approximately 42.31% of GTH's issued shares, at a price of EGP 5.30 per share (the "Offer"). As previously announced, VEON intends to take GTH private following the MTO. Under the provisions of Chapter 12 of the Executive Regulations of the Capital Market Law No. 95 of 1992, the Offeror will deposit the MTO with the FRA within 60 calendar days of this announcement. As the Offeror has not yet submitted the MTO to the FRA, VEON is unable to comment further on this matt
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News
- VEON Ltd. (NASDAQ: VEON) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- VEON to release 1Q 2024 trading update on 16 May 2024GlobeNewswire
- Should You Be Impressed By VEON Ltd.'s (NASDAQ:VEON) ROE? [Yahoo! Finance]Yahoo! Finance
- VEON management increases share ownershipGlobeNewswire
- VEON Ltd. (NASDAQ: VEON) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
VEON
Sec Filings
- 4/12/24 - Form 6-K
- 3/28/24 - Form 6-K
- 3/21/24 - Form 6-K
- VEON's page on the SEC website