$VEON Ltd (VEON.US)$ “VEON shares continue to trade on Nasda...

“VEON shares continue to trade on Nasdaq and on Euronext. Their market turnover in March was equal to more than two times our free float. Understandably, the price of VEON’s shares has been impacted significantly by the deterioration in the geopolitical environment. While the price of our ADRs has recovered from the closing price low of US$0.26/share, it remains below the US$1/share minimum required by Nasdaq. As a result, VEON was notified on April 7, 2022 that the Company no longer meets the exchange’s Listing Rules, based on the closing bid price for the last 30 consecutive business days. These rules do provide for the resolution of the matter, should the closing bid price of the Company’s security be at least US$1 for a minimum of ten consecutive business days at any time during the 180-day period following the notification. Further extensions and other options will be available. As and when the current geopolitical volatility subsides, I am confident that VEON’s share price will better reflect fair value.”