Amsterdam, 12 April 2024 – VEON Ltd. (NASDAQ:VEON, Euronext Amsterdam: VEON)), a global digital operator that provides converged connectivity and online services, today announces an increase in management's ownership of VEON shares through awards under its existing equity incentive-based compensation plans. VEON is utilising certain of the 92,459,532 common shares issued to VEON Holdings BV, announced on 1 March 2024, to satisfy the awards made.
Augie Fabela, Chair of the Remuneration and Governance Committee, commented on the awards set out in the table below, saying, "The equity awards are a testament to our belief in aligning management's incentives with value creation and shareholder returns. These awards recognize the contributions and key roles of our top three executives in successfully driving future success for the VEON Group."
Figures represent the ADS equivalents of VEON common shares awarded | Short-Term Incentive 20231 | Project Award2 | Special Award3 | Long-Term Incentive 2024 Award4 |
Kaan Terzioglu | 57,248 | 240,169 | ||