Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 367

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 367
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 including guidelines and policies to govern the process by which risk assessment and management is undertaken. The audit committee will also monitor compliance with legal and regulatory requirements. Kyivstar Group Ltd.’s compensation committee will also assess and monitor whether Kyivstar Group Ltd.’s compensation plans, policies and programs comply with applicable legal and regulatory requirements. Post-Combination Kyivstar Group Ltd. Director and Executive Compensation Determinations with respect to director and executive compensation after the Closing have not yet been made. Details will be provided in a subsequent amendment to this proxy statement/prospectus. Equity Incentive Plan In connection with the consummation of Business Combination, the Kyivstar Group Ltd. Board intends to adopt, and expects the shareholder of Kyivstar Group Ltd. to approve, an equity incentive plan in which eligible participants may include members of Kyivstar Group Ltd. management, Kyivstar Group Ltd. employees, certain members of the Kyivstar Group Ltd. Board and consultants of Kyivstar Group Ltd. and its subsidiaries. Beneficiaries under the equity incentive plan will be granted equity awards pursuant to the terms and conditions of the equity incentive plan and any applicable award agreement. The final eligibility of any beneficiary to participate in, and the terms and conditions of, the applicable equity awards will be determined by the Kyivstar Group Ltd. Board. Pursuant to the Business Combination Agreement, the equity incentive plan shall initially reserve a number of Kyivstar Group Ltd. Shares not exceeding three percent (3%) of the total number of Kyivstar Group Ltd. Shares that are outstanding (on a fully diluted basis), as of prior to the Closing. Details will be provided and the form Equity Incentive Plan will be filed in a subsequent amendment to this proxy statement/prospectus. To the extent that any existing VEON Holdings equity incentive plan entitles the management of Kyivstar Group Ltd. to receive awards, the existing equity incentive plan will remain valid. 199 Kyivstar Executive Compensation For the purposes of this subsection, “Kyivstar” refers to the businesses of VEON Holdings and its subsidiaries prior to the Business Combination. This section should be read in conjunction with VEON Holdings’ financial statements and related notes appearing elsewhere in this proxy statement/prospectus, along with the section entitled “Certain Relationships and Related Party Transactions.” Compensation information included in the following section is presented in U.S. dollars. Under Bermuda law, Kyivstar is not required to disclose compensation paid to our senior management on an individual basis and Kyiv