Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 361

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 361
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 not re -electedat an annual general meeting. Kyivstar Group Ltd.’s shareholders may remove a director by passing an ordinary resolution, provided the procedures outlines in the Kyivstar Group Ltd. bye -lawsare followed. A person shall cease to be a director in certain circumstances specified in the Kyivstar Group Ltd. bye -laws, such as death, bankruptcy and disqualification. Family Relationships There are no family relationships among any of Kyivstar Group Ltd.’s executive officers or directors. Foreign Private Issuer Exemption As a “foreign private issuer,” as defined by the SEC, Kyivstar Group Ltd. is permitted to follow home country corporate governance practices, instead of certain corporate governance practices required by Nasdaq for U.S. domestic issuers other than with respect to certain voting and committee requirements. The Sarbanes -OxleyAct of 2002, as well as related rules subsequently implemented by the SEC, requires foreign private issuers, including Kyivstar Group Ltd., to comply with various corporate governance practices. In addition, the Nasdaq rules provide that foreign private issuers may follow home country corporate governance standards, subject to certain exceptions and except to the extent that such exemptions would be contrary to U.S. federal securities laws. 195 As a foreign private issuer, Kyivstar Group Ltd. intends to follow home country practice in lieu of the following Nasdaq requirements: Kyivstar Group Ltd. intends to take all actions necessary for it to maintain compliance as a foreign private issuer under the applicable corporate governance requirements of the Sarbanes -OxleyAct of 2002, the rules adopted by the SEC and the Nasdaq corporate governance rules and listing standards. Because Kyivstar Group Ltd. is a foreign private issuer, its directors and senior management are not subject to short -swingprofit and insider trading reporting obligations under Section 16 of the Exchange Act. They will, however, be subject to the obligations to report changes in share ownership under Section 13 of the Exchange Act and related SEC rules. Controlled Company Status VEON is expected to beneficially own approximately 80% of the Kyivstar Group Ltd.’s outstanding Kyivstar Group Ltd. Shares immediately after the Closing. As a result of VEON’s ownership, after the Closing, Kyivstar Group Ltd. will be a “controlled company” within the meaning of the Nasdaq corporate governance rules. Under these rules, a listed company of which a majority of the voting power is held by an individual, group or another company