Amsterdam, 9 July 2024’ - VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a globally renowned digital operator specializing in converged connectivity and online services, has been granted an extension by Nasdaq to file its Annual Report on Form 20-F for the fiscal year ending December 31, 2023. The company had initially delayed the filing, citing various internal and external challenges.
VEON confirmed that Nasdaq accepted the company’s plan submitted on May 29, 2024, which outlined steps to regain compliance with Nasdaq’s listing rules. The plan submission was necessitated by the company’s delayed filing of its 2023 20-F. According to Nasdaq rules, listed companies are required to adhere to specific timelines for filing annual reports to ensure transparency and maintain investor confidence.
In a statement, VEON acknowledged the importance of filing within the revised timeline and committed to meeting the new deadline. The extension allows the company until November 11, 2024, to submit its 2023 20-F, thereby avoiding potential delisting from the Nasdaq Global Select Market.
This extension provides VEON with crucial time to address any pending issues that may have caused the delay. The company’s ability to secure the extension reflects Nasdaq’s confidence in VEON’s plan and its overall business viability. The successful filing of the 2023 20-F by the revised deadline is anticipated to stabilize VEON’s position within the stock market and ensure continued compliance with regulatory standards.
VEON’s operations span numerous countries, offering digital communications and financial services to millions of customers. The company has faced various operational and geopolitical challenges in recent years, necessitating nimble adaptability and robust compliance mechanisms.
Moving forward, investors and stakeholders will closely monitor VEON’s effort to meet the November deadline, a pivotal factor for maintaining its standing on Nasdaq. The timely and successful filing of its 2023 20-F will be instrumental in reaffirming the company’s commitment to transparency and regulatory adherence.
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