VEON, Euronext Amsterdam:VEON)  spotted trading -15.10% off 52-week high price. On the other end, the stock has been noted 28.99% away from the low price over the last 52-weeks. The stock changed 3.89% to recent value of $2.67. The stock transacted 8936230 shares during most recent day however it has an average volume of 7190.45K shares. The company has 1739.02M of outstanding shares and 228.88M shares were floated in the market.  

On June 18, 2019,  VEON, Euronext Amsterdam:VEON) a leading global provider of connectivity and internet services, announced the results of the elections conducted at its Annual General Meeting of Shareholders held earlier.

Shareholders elected one new member of the Company’s Board of Directors, Muhterem Kaan Terzioğlu, as well as eleven previously serving directors, Ursula Burns, Guillaume Bacuvier, Osama Bedier, Mikhail Fridman, Gennady Gazin, Andrei Gusev, Gunnar Holt, Sir Julian Horn-Smith, Robert Jan van de Kraats, Guy Laurence and Alexander Pertsovsky. With the election of Mr. Terzioğlu, the Board will increase from eleven to twelve members, including the reelected eleven previously serving directors.

Mr. Terzioğlu brings to the Board considerable experience in mobile telecommunications and the Eurasian market. He served as Turkcell’s Chief Executive Officer from April 2015 until March 2019, and currently serves as a board member of several international institutions and organizations. Previously he served on the GMSA board, the leading international mobile communication organization, for three consecutive terms, and on the advisory board of the World Economic Forum Center for Fourth Industrial Revolution. He received the 2019 Outstanding Contribution Award to Mobile Industry in Turkey.

Shareholders also approved the reappointment of PricewaterhouseCoopers Accountants NV as the Company’s independent auditor.

Holders of approximately 99.47% of the Company’s shares were represented at the Annual General Meeting. Its earnings per share (EPS) expected to touch remained -245.20% for this year VEON has a gross margin of 76.80% .

 According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.26% from the mean of 20 days, 13.93% from mean of 50 days SMA and performed 4.47% from mean of 200 days price. Company’s performance for the week was 12.66%, 6.37% for month and YTD performance remained 14.10%.

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