Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 270

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 270
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 derivatives based on a per share redemption price of $10.35 per share. This reflects an income of $2 million and an increase in cash from marketable securities held in the Trust Account of $2 million, as well as an increase in debts and derivatives by $2 million and a charge in accumulated deficit by $2 million. The difference between the redemption liability and the Cohen Circle Class A Ordinary Share value in the statement of financial position is due to the difference between total interests accrued on the Trust Account as of March 31, 2025 and expected total interests to be accrued up to the Closing Date. A2.To reflect the release of $238million cash from marketable securities held in the Trust Account to cash and cash equivalents that becomes available at Closing of the Business Combination. The reclassification comes after the increase of additional income of $2million from the Trust Account investments from March 31, 2025 up to the Closing Date. 125 B.To reflect the recapitalization of VEON Holdings through: B1.As a result of the Pre -ClosingReorganization, the equity of VEON Holdings on the assumed date of the Pre -ClosingReorganization is contributed to Kyivstar Group Ltd., which consists of all the aggregate issued capital, in VEON Holdings to Kyivstar Group Ltd. of $3,206 million. B2.Assuming No Redemptions: i.The issuance of 190,526,570 Kyivstar Group Ltd. Common Shares. ii.The repayment of $193 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. B3.Assuming 50% Redemptions: i.The issuance of 202,026,570 Kyivstar Group Ltd. Common Shares. ii.The repayment of $74 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. B4.Assuming Maximum Redemptions: i.The issuance of 208,474,945 Kyivstar Group Ltd. Common Shares. ii.The repayment of $7 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. C.To reflect the assumed number of redemptions in connection with the Cohen Circle EGM to vote to approve the Business Combination. C1.Under Scenario1, which assumes none of the Public Shareholders elected to exercise their right to redeem their Cohen Circle Class A Ordinary Shares, adjustments to reflect (i) the exchange of 23,000,000shares of Cohen Circle Class