VEON Ltd. (VEON) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: March 16, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 5.26% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

1.8B

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

VEON currently has 1.85B outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 5.26% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Mar 16, 2026	20-F filing \| 1849.2M shares outstanding	1.8B
Apr 25, 2025	20-F filing \| 1849.2M shares outstanding	1.8B
Oct 17, 2024	20-F filing \| 1756.7M shares outstanding	1.8B
Jul 24, 2023	20-F filing \| 1756.7M shares outstanding	1.8B
Apr 29, 2022	20-F filing \| 1756.7M shares outstanding	1.8B
Mar 15, 2021	20-F filing \| 1756.7M shares outstanding	1.8B
May 13, 2020	POS AM filing: This Post-Effective Amendment No. 1 relates to the Registration Statement on Form F-3 registering up to 306,122,450 American Depositary Shares each representing one common share of VEON Ltd. The Registrant is deregistering the Exchanged ADSs because its obligation to maintain the effectiveness of the Registration Statement has expired.	1.8B
Mar 13, 2020	20-F filing \| 1756.7M shares outstanding	1.8B

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