Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 26

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 26
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 parties’ ability to consummate the Business Combination, including being able to receive all required regulatory, third -partyand shareholder approvals for the Business Combination, and the ability to satisfy the Minimum Cash Condition; (ii)the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (iii)the amount of any redemptions by existing holders of Cohen Circle Class A Ordinary Shares being greater than expected, which may reduce the cash in the Trust Account available upon the Closing of the Business Combination; (iv)the outcome of any legal proceedings that may be instituted against VEON, Cohen Circle or Kyivstar Group Ltd. following announcement of the Business Combination; (v)the ability to recognize the anticipated benefits of the Business Combination; (vi)the anticipated timing of the Business Combination; (vii) the risk that the announcement and consummation of the Business Combination disrupts VEON’s current plans; (viii) expectation that Kyivstar Group Ltd. Common Shares will be accepted for listing on the Nasdaq following the completion of the Business Combination; (ix)Kyivstar’s management of its business strategy and plans; (x)changes in applicable laws or regulations; (xi)general economic conditions; (xii) factors relating to the business, operations and financial performance of the Company (meaning, for the purposes of this section, VEON Holdings and the direct and indirect Ukrainian Subsidiaries), including: •risks relating to the ongoing war between Russia and Ukraine, such as its adverse impact on the economic conditions and outlook of Ukraine; physical damage to property, infrastructure and assets; the effect of sanctions and export controls on our supply chain, the ability to transact with key counterparties; the resulting volatility in the Ukrainian hryvnia; our ability to operate and maintain our infrastructure; reputational harm we may suffer as a result of the war, sanctions (including any reputational harm from certain of the beneficial owners of VEON’s largest shareholder, L1T viii VIP Holdings S.à r.l. (“LetterOne”), being subject to sanctions) that could increase the risk of nationalization; and its impact on our liquidity, financial condition and our ability to operate as a going concern; •risks related to Kyivstar Group Ltd.’s ability to declare and pay dividends and restrictions on its ability to make certain payments abroad (such as investments, interest and principal payments on loans, financing of any affiliate companies or representative offices offshore); •ris