XML 69 R42.htm IDEA: XBRL DOCUMENT
v3.25.1

SHARE-BASED PAYMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-based payments [Abstract] |
Schedule of share-based payment expense | The following table sets forth the total share-based payment expense for the year-ended December 31, 2024 in relation to all directors and employees of the Company. Refer to Note 23 for specific disclosures on key management personnel remuneration:
| 2024 | 2023 | 2022
Equity-settled share-based payment expense | 18 |  | 18 |  | 8 |
Liability-settled share-based payment expense | 18 |  | 3 |  | — |
Total share-based compensation expense | 36 |  | 21 |  | 8 |
Schedule of share-based payment liability |
| 2024 | 2023
Current liability | 6 |  | — |
Non-current liability | 9 |  | 3 |
Total liability for share based payments | 15 |  | 3 |
Roll-forward of shared-based payments | The following awards were granted during the years ended December 31, 2024 and 2023.
| 2024 | 2023
Market performance conditions | Awards* | Weighted Average Fair Value at grant date | Awards* | Weighted Average Fair Value at grant date
As of January 1, | 28,967,451 | $ | 0.65 |  | 15,485,461 | $ | 0.55 |
Granted | 18,485,474 | 0.80 |  | 22,375,325 | 0.59 |
Forfeited** | (15,296,646) | 0.51 |  | (8,893,335) | 0.64 |
Vested and settled *** | — |  | — |  | — |  | — |
As of December 31, | 32,156,279 | $ | 0.80 |  | 28,967,451 | $ | 0.65 |
| 2024 | 2023
Non-market performance conditions | Awards* | Weighted Average Fair Value at grant date | Awards* | Weighted Average Fair Value at grant date
As of January 1, | 13,940,700 | $ | 0.65 |  | 7,967,650 | $ | 0.44 |
Granted | 14,089,211 | 0.80 |  | 5,973,050 | 0.71 |
Forfeited | (1,964,551) | 0.61 |  | — | — |
Vested and settled *** | (9,209,121) | 0.66 |  | — | — |
As of December 31, | 16,856,239 | $ | 0.77 |  | 13,940,700 | $ | 0.65 |
* To ensure data consistency, all awards were converted to VEON common share price equivalents. **Forfeited awards include awards for which it was determined that the market performance vesting conditions were deemed not met as of the vesting date. ***Vested and settled include all awards settled/transferred to the award holders in gross in the current year, whether granted and vested in current or previous periods The cash bonuses and shared-based compensation expenses are disclosed in Note 23 for the GEC, while further information for the share-based portion of STI compensation expense is disclosed below.
| 2024 | 2023
| Awards* | Weighted Average Fair Value at grant date | Awards* | Weighted Average Fair Value at grant date
As of January 1, | 5,486,625 | $ | 0.72 |  | — | $ | — |
Granted | 5,465,163 | 0.94 |  | 5,486,625 | 0.72 |
Forfeited | — | — |  | — | — |
Vested and settled ** | (5,180,592) | 0.84 |  | — | — |
As of December 31, | 5,771,196 | $ | 0.82 |  | 5,486,625 | $ | 0.72 |
* To ensure data consistency, all awards were converted to VEON common share price equivalents. **Vested and settled include all awards settled/transferred to the award holders in gross in the current year, whether granted and vested in current or previous periods
| 2024 | 2023
| Awards* | Weighted Average Fair Value | Awards* | Weighted Average Fair Value
As of January 1, | 8,649,036 | $ | 0.78 |  | 7,835,235 | $ | 0.52 |
Granted | 21,921,969 | 1.00 |  | 3,421,919 | 0.78 |
Forfeited | — | — |  | — | — |
Vested and settled ** | (10,706,364) | 0.79 |  | (2,608,118) | 1.46 |
As of December 31, | 19,864,641 | $ | 1.02 |  | 8,649,036 | $ | 0.78 |
* To ensure data consistency, all awards were converted to VEON common share price equivalents. **Vested and settled include all awards settled/transferred to the award holders in gross in the current year, whether granted and vested in current or previous periods
Fair value assumptions share-based payments | The following table sets forth the range of principal assumptions applied by VEON in determining the fair value of equity settled s hare-based payment instruments with market performance conditions and for liability-settled awards with market performance conditions remeasured during the year-ended December 31, 2024 and 2023:
Assumptions affecting inputs to fair value models for equity-settled awards granted in 2024 and for liability-settled awards for remeasurement as of December 31, 2024 of market condition awards | 2024 Range | 2023 Range
Annual risk-free rates of return and discount rates (%) | 2.42% - 4.33% | 2.15% - 2.42%
Long-term dividend yield (%) | —% | —%
Volatility of share price (%) | 31.35% - 82.75% | 43.68% - 93.92%
Share price (p)* | $0.93 - $1.60 | $0.71 - 0.79
* To ensure data consistency, all awards were converted to VEON common share price equivalents.

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 45 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45_b&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Payment Expense + References No definition available. + Details
Name: | vip_ScheduleOfShareBasedPaymentExpenseTableTextBlock
Namespace Prefix: | vip_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Payment Liability + References No definition available. + Details
Name: | vip_ScheduleOfShareBasedPaymentLiabilityTableTextBlock
Namespace Prefix: | vip_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share-based payments [Abstract] + References No definition available. + Details
Name: | vip_ShareBasedPaymentsAbstract
Namespace Prefix: | vip_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration