VEON Ltd. (VEON) Form 6-K — Sep 23, 2026
VEON announced on September 23, 2026 a new share buyback program to repurchase 3.9% of outstanding shares — 72.5 million shares or 2.9 million ADSs — worth approximately USD 200 million at the September 22 ADS price of USD 69.37. All repurchased shares will be cancelled. The program upgrades the minimum USD 100 million annual buyback target set in May 2025 and follows a completed USD 100 million program from November 2025, representing 27.5% of trailing-twelve-month equity free cash flow and a 5.5% implied yield. Since August 2024, VEON has bought back 4.46 million ADSs (6.0% of ADSs outstanding) for USD 227.6 million.
Key figures
- Gross Proceeds
- 0
- Buyback size usd
- approximately USD 200 million
- Implied yield ttm
- 5.5%
- Reference ads price
- USD 69.37 (as of Sept 22, 2026)
- Shares to repurchase
- 72.5 million shares (2.9 million ADSs)
- Letterone shares to sell
- 32957830
- Buyback percent of shares
- 3.9%
- Percent of ttm equity fcf
- 27.5%
- Completed nov 2025 program
- USD 100 million
- Prior annual minimum target
- USD 100 million (announced May 2025)
- Veon treasury holdings percent
- approximately 7.9% of total outstanding shares
- Cumulative repurchases since aug 2024
- 4.46 million ADSs for USD 227.6 million (6.0% of ADSs outstanding)
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