VEON Eliminates ADS Depositary Fees, Targets $100M Annual Buybacks

VEON announced that BNY Mellon will suspend depositary service fees (DSF) for its American Depositary Shares (ADSs) starting January 1, 2026. This action effectively reduces the cost of ownership for investors by USD 0.05 per ADS annually, aiming to enhance accessibility. CEO Kaan Terzioglu also highlighted a new capital allocation policy targeting at least USD 100 million annually through share buybacks, responding to ongoing dialogue with investors.