SCHEDULE: VEON Ltd. Major Shareholder Group Confirms 8.74% Stake
Beneficial Ownership Report
Giovanni Agnelli B.V. and its affiliates, including Exor N.V. and Lingotto Investment Management, reaffirmed their 8.74% beneficial ownership in VEON Ltd. through an updated Schedule 13G filing.
Summary
- Giovanni Agnelli B.V., through its controlled entities Exor N.V., Lingotto Investment Management (UK) Limited, and Lingotto Investment Management LLP, beneficially owns 151,102,350 common shares of VEON Ltd.
- This ownership represents 8.74% of VEON Ltd.'s class of American Depositary Shares (ADSs).
- The 151,102,350 common shares are equivalent to 6,044,094 American Depositary Shares, with each ADS representing twenty-five common shares.
- The percentage of class is based on 1,728,844,934 common shares outstanding as of September 30, 2025.
- This filing is Amendment No. 3 to the Schedule 13G, updating previous filings from March 14, 2022, February 14, 2023, and February 14, 2024.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake in VEON Ltd., a telecommunications company. It does not provide specific insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake in the company, confirming the continued interest of a major investor group.
Key Dates
| Date | Description |
|---|---|
| 2022-03-14 | Initial Schedule 13G filing by Exor N.V. |
| 2023-02-14 | Amendment to Schedule 13G filed. |
| 2024-02-14 | Amendment to Schedule 13G filed. |
| 2025-09-30 | Date of event requiring this filing, and common shares outstanding calculation date. |
| 2025-11-14 | Date of current Schedule 13G Amendment No. 3 filing. |
Keywords
VEON, Giovanni Agnelli B.V., Exor N.V., Lingotto Investment Management, Beneficial Ownership, Schedule 13G, ADSs, Telecommunications
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