finance
VEON Announces Waiver of Depositary Service Fees on American Depositary Shares Effective January 2026
VEON Ltd. stated that BNY Mellon will suspend collection of depositary service fees for holders of its American Depositary Shares starting January 1, 2026. The move reduces annual ownership costs by $0.05 per share and aims to improve investor accessibility.
Apr 24, 2:47 AM·1m read1 source
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VEON Ltd. announced on April 24, 2026, that BNY Mellon will not collect depositary service fees from investors holding the company's American Depositary Shares, effective January 1, 2026. 05 per American Depositary Share per year.
Benzinga reported the announcement, which originated from Dubai and New York. The waiver enhances accessibility for existing and prospective investors in VEON's American Depositary Shares. VEON, a global digital operator listed on NASDAQ under the ticker VEON, described the step as part of broader efforts to lower investor costs.
BNY Mellon will suspend the depositary service fees for these holders. ' The capital allocation policy targets at least $100 million annually through share buybacks. Terzioglu noted that both the fee suspension and the policy stem from ongoing investor discussions.
VEON introduced the capital allocation policy as a response to investor dialogue. The steps to reduce the cost of ownership of American Depositary Shares also arise from these conversations. The announcement aligns with VEON's efforts to make its shares more attractive to investors.
