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VEON - VEON's ADSs ratio change effectiveness postponed
VEON Ltd.
2023-03-06 04:55:46 ET
VEON ( NASDAQ: VEON ) announced that the The Depository Trust & Clearing (DTCC) was not prepared to make the new CUSIP with new ratio available on Mar.6, 2023 as scheduled.
The company now further awaits confirmation from DTCC as to when it will be prepared to make the new CUSIP with new ratio available.
Last month, the company had approved a ratio change from one ADS representing one share, to one ADS representing 25 shares.