VEON (NASDAQ:VEON), a leading provider of converged connectivity and online services, today announced that Nasdaq has approved its plan to regain compliance following delays in its financial reporting.

The plan, submitted on May 29, 2024, addresses the delayed submission of the company’s 2023 annual report on Form 20-F for the year ended December 31, 2023.

VEON reported that the delay was due to extraordinary circumstances stemming from the war in Ukraine and the subsequent sale of its Russian operations.

These events hindered its ability to appoint a registered audit firm as required by the Public Company Accounting Oversight Board (PCAOB).

The company has since appointed UHY LLP as its PCAOB auditors to address these issues.

Meanwhile, Nasdaq has granted VEON an extension, allowing the company until November 11, 2024, to file its 2023 Form 20-F and maintain its listing status.