Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 249

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 249
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 on the first date that the Securities Price meets or exceeds $15.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the second anniversary of the Closing Date; and (ii) the Second Vesting Tranche Securities (as defined in the Sponsor Agreement) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $20.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the fifth anniversary of the Closing Date. If the First Vesting Tranche Securities and/or the Second Vesting Tranche Securities become subject to forfeiture, such securities shall be surrendered with no consideration. Seller Lock-up Agreement Concurrently with the execution of the Business Combination Agreement, Kyivstar Group Ltd., the Sponsors and the Seller entered into the Seller Lock -upAgreement, a copy of which is attached to this proxy statement/prospectus as Annex D. Pursuant to the terms of the Seller Lock -upAgreement, the Seller will be contractually restricted from selling or transferring the Lock -UpSecurities (as defined in the Seller Lock -UpAgreement) issued to such Persons. Such restrictions begin on the Closing Date and end on the earlier of: (i) the date that is 180 days following the Closing Date; (ii) the first date on which the Securities Price (as defined in the Seller Lock -upAgreement) meets or exceeds $13.50 for 20 Trading Days (as defined in the Seller Lock -upAgreement) out of any consecutive 30 Trading Days (but no earlier than the date that is 90 days after the Closing Date); and (iii) immediately prior to (but conditioned upon) the occurrence of a Liquidation Event (as defined in the Seller Lock -upAgreement), in each case except to a Permitted Transferee (as defined in the Seller Lock -upAgreement) as expressly permitted by the Seller Lock -upAgreement. 112 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction The unaudited pro forma condensed combined financial information of Kyivstar Group Ltd. has been prepared in accordance with Article 11 of Regulation S -Xas amended by the final rule, Release 33 -10786“Amendments to Financial Disclosures about Acquired and Disposed Businesses” and presents the combination of the historical financial information of VEON Holdings and Cohen Circle adjusted to give