SCHEDULE: Helikon Investments and Federico Riggio Report 3.96% Stake in VEON Ltd.

Helikon Investments Limited and Federico Riggio jointly report beneficial ownership of 73,177,600 common shares of VEON Ltd., representing a 3.96% stake.

Summary

• Helikon Investments Limited and Federico Riggio have filed a Schedule 13G, reporting their beneficial ownership of VEON Ltd. common shares.
• They jointly own 73,177,600 common shares, which represents 3.96% of the total outstanding shares.
• The shares are held by the Helikon Long Short Equity Fund Master ICAV, managed by Helikon Investments Limited.
• The filing indicates that both Helikon Investments and Federico Riggio have shared voting and dispositive power over these shares.
• The total number of outstanding common shares of VEON Ltd. is 1,849,190,667 as of September 30, 2024.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing indicating a significant investment, which is generally positive. There are no negative implications or risks explicitly mentioned, leading to a moderately positive sentiment.

Positives

• The filing indicates a significant investment by Helikon Investments and Federico Riggio in VEON Ltd.

Risks

• The document does not explicitly mention any risks, but the concentration of ownership could potentially influence the company's direction.

Industry Context

This filing is a standard disclosure for investors who acquire a significant stake in a publicly traded company. It indicates a notable level of interest in VEON Ltd. by Helikon Investments and Federico Riggio.

Comparison to Industry Standards

• Schedule 13G filings are a common practice for investors who acquire more than 5% of a company's shares, or in this case, less than 5% but still a significant holding.
• The 3.96% stake is a notable position, but not a controlling one, and is similar to other institutional investors' holdings in comparable companies.
• Other investment firms such as BlackRock, Vanguard, and State Street often file similar reports when their holdings reach certain thresholds in publicly traded companies.

Stakeholder Impact

• The filing may positively impact shareholders by indicating institutional interest in the company.
• The investment could potentially lead to increased stability and confidence in the company's future.

Key Dates

Keywords

VEON Ltd, Helikon Investments, Federico Riggio, Schedule 13G, beneficial ownership, common shares, investment, stake, voting power, dispositive power