VEON Files Its 2023 Annual Report on Form 20-F
VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON) has officially completed its 2023 Annual Report on Form 20-F. This follows a thorough audit of its financial statements by the independent auditing firm UHY LLP, conducted according to PCAOB standards. The filing represents an important step in maintaining their compliance with listing requirements.
Statement from Group CEO
In a recent statement, Kaan Terzioglu, the Group CEO of VEON, expressed gratitude for the support during the thorough audit process, stating, “The filing of our 2023 Form 20-F puts VEON back on track with our listing compliance requirements. I would like to thank our counterparts for their trust.” His remarks highlight the company's commitment to transparency and regulatory compliance.
Enhancements in Internal Controls
As of December 31, 2023, VEON has also successfully addressed a previously identified material weakness concerning its internal controls over financial reporting. This issue was linked to the accounting treatment of business disposals. Following the identification and correction of an error during the last fiscal year, VEON undertook significant measures to enhance its internal control systems and reporting practices. The conclusion that this material weakness has been fully remediated was confirmed in the latest PCAOB audit.
Accessing the 2023 Form 20-F
Shareholders and interested parties can access the 2023 Form 20-F as well as VEON's financial results on the company’s official website. For those preferring a physical copy of the report, the Investor Relations Department is available to fulfill such requests at no charge. This reflects VEON's commitment to keeping stakeholders informed about its financial standing and business operations.
About VEON
VEON is a prominent digital operator that delivers integrative connectivity and digital solutions to nearly 160 million customers across six countries. Serving over 7% of the global population, VEON strives to enhance everyday lives through innovative, technology-driven services that foster individual empowerment and promote economic growth.
Contact Information
For inquiries, stakeholders can reach out to:
Hande Asik
Group Director of Communication
pr@veon.com
Faisal Ghori
Group Director of Investor Relations
ir@veon.com
Frequently Asked Questions
What does VEON's 2023 Form 20-F report cover?
The report provides a comprehensive overview of VEON's financial performance, regulatory compliance, and improvements in internal controls.
How can shareholders access the 2023 Form 20-F?
The form is available on VEON's official website, and shareholders can also request a hard copy through the Investor Relations Department.
Who conducted the audit for VEON's financial statements?
The audit was performed by UHY LLP, following PCAOB standards.
What steps did VEON take to enhance its internal controls?
VEON implemented significant improvements in its internal control environment to address previous weaknesses, ensuring robust financial reporting moving forward.
What is VEON's commitment to stakeholders?
VEON is dedicated to maintaining transparency and keeping stakeholders informed through regular updates and access to financial reports.
