Equity Investors
VEON Ltd. Ownership Structure, as of 31 October 2023
Shareholder
Effective Common Shares, total
% of Common and Voting Shares
Total shares in issue (1)
1,756,731,135
100.0%
Letterone Investment Holdings S.A.
840,625,000
47.9%
The Stichting (2)
145,947,550
8.3%
Lingotto Investment Management LLP
132,644,350
7.6%
Shah Capital Management Inc. (3)
116,994,300
6.7%
Source: public US SEC filings
Certain figures and percentages that appear in this table have been subject to rounding adjustments. As a result, certain numerical figures shown as totals may not be exact arithmetic aggregations of the figures that precede or follow them.
(1) For more information please refer to VEON Form 20-F
(2) The Stichting Administratiekantoor Mobile Telecommunications Investor
(3) Includes 0.06% interest held by Himanshu Shah
23 May 2023
Notice of the 2023 Annual General meeting of shareholders of VEON Ltd.
25 May 2022
Notice of the 2022 Annual General meeting of shareholders of VEON Ltd.
24 May 2021
Notice of the 2021 Annual General meeting of shareholders of VEON Ltd.
28 May 2020
Notice of the 2020 Annual General meeting of shareholders of VEON Ltd.
14 Jun 2018
Notice of the 2018 Annual General meeting of shareholders of VEON Ltd.
12 Jun 2017
Notice of the 2017 Annual General meeting of shareholders of VEON Ltd.
27 Feb 2017
Notice of the 2017 Annual General meeting of shareholders of VimpelCom Ltd.
01 Jul 2016
Notice of the 2016 Annual General meeting of shareholders of VimpelCom Ltd.
VEON’s dividend policy, targets paying at least 50% of prior year Equity Free Cash Flow after licenses.
Dividend payments remain subject to a review by VEON's Board of Directors of medium-term investment opportunities and the Group's capital structure. The Group’s internal target is to keep Net Debt/EBITDA at around 2.0x (2.4x post IFRS 16).
Dividend history
No dividends paid for
2020
$489.8 mln paid in dividends for
2019
$487 mln paid in dividends for
2018
$472 mln paid in dividends for
2017
$404 mln paid in dividends for
2016
$60.5 mln paid in dividends in
2015
$60.5 mln paid in dividends in
2014
$1.4 bln paid in extraordinary dividends in
2013
$1.3 bln paid in dividends for
2012
$1.3 bln paid in dividends for
2011
$1.1 bln paid in dividends for
2010
$323 mln paid in dividends for
2009
$588 mln paid in dividends for
2007
$332 mln paid in dividends for
2006