bullish
VEON (VEON US): Launches Third Phase of Share Buyback Program After Share Pullback
SUMMARY
- VEON on June 16th announced a new USD 35 million buyback, marking the third and final phase of its USD 100 million repurchase program first unveiled in August 2024.
- This follows the successful completion of earlier phases, which cumulatively saw 1.43 million ADSs repurchased at an average price of USD 45.59.
- The latest announcement comes after a recent VEON share price decline which appears to have been caused by market concerns regarding the Israel-Iran conflict.
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