Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 409

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 409
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 the closing). On January 2, 2025, certain representatives of Rothschild and Cohen Circle conducted a teleconference to discuss certain aspects of the LOI, including the cash adjustment and the minimum cash condition. On January 3, 2025, Rothschild provided Cohen Circle with a revised draft of the LOI, reflecting (i) increasing the price -basedtrigger for the lock -upto $13.50 and (ii) providing that any founder shares in the $15 and $20 tranches that do not reach the required price -basedtriggers within the specified time frame are to be forfeit. On January 4, 2025, Rothschild provided Cohen Circle with a revised draft of the LOI containing certain clarifying changes to the exclusivity provisions contained therein. On January 5, 2025, the parties executed the LOI. On January 7, 2025, representatives of Latham, counsel to VEON Group and VEON Holdings and Morgan Lewis held a teleconference to discuss transaction documentation. On January 10, 2025, Mr. Jagota contacted Jeff Peterson of Northland to discuss the potential retention of Northland for the purposes of providing fairness opinion to the Cohen Circle Board. On January 13, 2025, the parties issued a press release publicly announcing their entry into the non -bindingLOI. On February 4, 2025, certain representatives of Cohen Circle conducted a financial due diligence session with Mr. Dolgushin, Inna Starinets, VEON Holdings’ Head of Strategic Projects and certain representatives of VEON Group and Rothschild, respectively. On February 18, 2025, certain representatives of Cohen Circle conducted a commercial due diligence session with Mr. Dolgushin, Ms. Starinets and certain representatives of VEON Holdings and Rothschild, respectively. On February 19, 2025, certain representatives of each of Cohen Circle, Morgan Lewis and Integrites, Ukrainian counsel to Cohen Circle, conducted a legal and regulatory due diligence session with Alexander Gotsulenko, Chief Legal Officer of VEON Holdings, Alex Gish, Associate General Counsel at VEON Group and certain representatives of VEON Group and Rothschild, respectively. On February 26, 2025, certain representatives of Cohen Circle, Alex Mestre, a consultant and advisor to Cohen Circle, conducted a technical due diligence session with Artem Pozhidaev, the Chief Executive Officer of the Ukrainian Tower Company, an affiliate of VEON