VEON Ltd (VEON) stock remained bullish in the recent trading session by gaining 16.71%. VEON stock was trading at $0.5322 before the closing of the regular trading session. During the last check, the stock of VEON remained bullish in the after-hours and gained 8.04% to $0.575. The stock price kept moving between $0.44 and $0.57. The company provided the details on ruble-denominated notes. VEON also reported the appointment of a non-executive leadership and chairperson of the Audit and Risk Committee.
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VEON Ltd is a holding organization that takes part in the arrangement of network and internet providers. The firm offers portable and fixed-line broadcast communications administrations through a scope of customary and broadband versatile and fixed-line innovations. The company has a market cap of $930.89 million. VEON headquarters are in Amsterdam, Noord-Holland.
On 18 March 2022, VEON provided an update regarding the ruble-denominated notes of the company. The company announced that they have no extra obligation maturities at the HQ level during 2022. VEON emphasized the currency political race terms for the investors. Because of this currency trade being pertinent, holders of the Notes might be given an unalterable notification of political race to Citibank, N.A., London Branch as a chief paying agent to get installments of premium, in U.S. dollars.
Moreover, VEON also declared the appointment of Michiel Soeting as the non-executive head and chairperson of the Audit and Risk Committee. Mr. Soeting started working for the organization on 16 March 2022. Michiel spent over 30 years at KPMG in various jobs across EMEA, APAC, and the Americas, where he turned into an accomplice in 1998. He has broad financial skills, as well as a solid administration, risk management, and administrative compliance foundation. The chairperson of VEON, Gennady Gazin commented that they greet Michiel as an independent chief to the Board, and they anticipate working with him.
Also, on 14 March 2022, VEON reported the appointment of Atyab Tahir as the CEO of JazzCash. JazzCash is a financial administration provider based in Pakistan. Atyab is the Country Manager of MasterCard Pakistan and Afghanistan and has twenty years of worldwide involvement with banking and counseling. The CEO of VEON stated that they are exceptionally satisfied that Atyab will lead JazzCash, which is a vital driver of advanced administrations development in Pakistan.