VEON Boosts Accessibility for Investors by Waiving Depositary Service Fees on American Depositary Shares
VEON announced that BNY Mellon will waive depositary service fees on its American Depositary Shares effective January 1, 2026, reducing the cost of ownership by $0.05 per ADS annually. This initiative accompanies a new capital allocation policy targeting the return of at least $100 million to shareholders annually through share buybacks.
Key figures
- Annual buyback target usd
- 100000000
- Annual fee reduction per ads usd
- 0.05
AI analysis
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