---
title: "VEON Cancels 1.5% of Share Capital as Part of Ongoing Buyback Programme"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302424051.md"
description: "VEON announced the cancellation of 26,951,230 common shares (approx. 1.5% of capital) on October 20, 2026, as part of a buyback program targeting up to 3.9% of outstanding shares. This move aims to optimize capital structure and enhance shareholder value. The company operates as a global digital provider with over 150 million connectivity users."
datetime: "2026-10-20T12:39:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302424051.md)
  - [en](https://longbridge.com/en/news/302424051.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302424051.md)
generator: "portal-rs"
---

# VEON Cancels 1.5% of Share Capital as Part of Ongoing Buyback Programme

VEON ( (VEON) ) has issued an announcement.

On October 20, 2026, VEON cancelled 26,951,230 common shares, equivalent to about 1.5% of its total issued share capital and 1,078,049 American Depositary Shares. The move forms part of a share buyback programme launched on September 23, 2026, under which the company plans to repurchase and cancel up to 3.9% of its outstanding shares, signalling an effort to optimise its capital structure and potentially enhance shareholder value.

The cancellation reduces VEON’s share count, which can improve per-share metrics and underscores management’s confidence in the business amid its ongoing strategic repositioning as a digital operator. The action also tightens the company’s free float, a development closely watched by investors in emerging market telecom and digital service providers as they assess liquidity, valuation and capital allocation discipline.

The most recent analyst rating on (VEON) stock is a Buy  
 with a $112.00 price target.  
 To see the full list of analyst forecasts on VEON stock,  
 see the VEON Stock Forecast page. 

**Spark’s Take on VEON Stock**

According to Spark, TipRanks’ AI Analyst, VEON is a Neutral.

The score is driven primarily by a strong, upbeat earnings update (raised guidance, rapid digital growth, improved cash generation) and bullish price trend versus key moving averages. These positives are tempered by balance-sheet leverage risk and a very expensive valuation (high P/E and no dividend support), with technical indicators also showing near-term overbought conditions.

To see Spark’s full report on VEON stock,  
 click here. 

**More about VEON**

VEON Ltd. is a global digital operator providing mobile connectivity and digital services to more than 150 million connectivity users and over 228 million digital customers. Operating in five countries that together account for about 550 million consumers, the Nasdaq-listed group focuses on technology-driven offerings aimed at empowering individuals and supporting economic growth in emerging markets.

**Average Trading Volume:** 141,823

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $5.24B

Find detailed analytics on VEON stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**