Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 410

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 410
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 to redeem certain public Cohen Circle Class A Ordinary Shares, US$ 0.0001par value per share of Cohen Circle sold in its initial public offering (the “Non -RedeemedShares”) at the Cohen Circle Extraordinary General Meeting. In exchange for the foregoing commitments not to redeem such Non -RedeemedShares, Kyivstar Group Ltd. issued 757,745Kyivstar Group Ltd. Common Shares at Closing. F-141 Kyivstar Group Ltd. Notes to the interim condensed consolidated financial statements (in millions of U.S. dollars unless otherwise stated) 4SIGNIFICANT TRANSACTIONS (cont.) The issuance of Kyivstar Group Ltd. shares to Cohen Circle shareholders as consideration for non -redemptionand voting support has been classified as a share -basedpayment transaction under IFRS 2 as Kyivstar Group Ltd. issued shares as consideration for the non -redemptionand voting agreements. The shares issued by Kyivstar Group Ltd. were recognized as an equity transaction, with the initial measurement at fair value. The fair value of the issued shares should be determined based on the market price and is included in the listing expense in the interim condensed consolidated income statement. SPAC Public Shares On August 12, 2025, the shareholders of CC voted to approve and adopt the Business Combination Agreement and to approve and authorize CC to merge with Varna Merger Sub. In connection with the vote to approve the Business Combination Agreement and the SPAC Merger, holders of 5,847,015shares of CC Class A Ordinary Shares exercised their right to redeem their shares for cash at a redemption price of approximately US$ 10.40per share, for a total aggregate redemption amount of US$ 61resulting in a total of 17,152,985Cohen Circle public ordinary shares remaining issued and outstanding as of the Closing Date. At the Closing, each share of CC Class A Ordinary Shares issued and outstanding immediately prior to the Closing was automatically surrendered and exchanged for 17,152,985newly issued Kyivstar Group Ltd. Common Shares. SPAC Sponsor Shares, including Sponsor Vesting Shares Cohen Circle Sponsor I, LLC and Cohen Circle Advisors I, LLC (collectively the “Sponsor”) and Cantor Fitzgerald & Co. (“Cantor”) held 8,350,000and 270,000founder shares, respectively. The Sponsor forfeited 2,609,647founder shares in connection with the SPAC Merger immediately prior to the effective