Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 398

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 398
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 extent authorized by law. The foregoing indemnity will not apply (and any funds advanced will be required to be repaid) with respect to a director or officer if any allegation of fraud or dishonesty is proved against such director or officer. Kyivstar Group Ltd. also intends to enter into separate indemnification agreements with its directors and senior managers pursuant to which Kyivstar Group Ltd. will agree to indemnify each of them within substantially the same scope as provided in the Kyivstar Group Ltd. bye -laws. Risk Oversight Upon the Closing of the Business Combination, one of the key functions of the Kyivstar Group Ltd. Board will be informed oversight of Kyivstar Group Ltd.’s risk management process. The Kyivstar Group Ltd. Board does not anticipate having a standing Risk Management Committee, but rather anticipates administering this oversight function directly through the Kyivstar Group Ltd. Board as a whole, as well as through various standing committees of the Kyivstar Group Ltd. Board that address risks inherent in their respective areas of oversight. In particular, the Kyivstar Group Ltd. Board will be responsible for monitoring and assessing strategic risk exposure, and Kyivstar Group Ltd.’s Audit and Risk Committee will have the responsibility to consider and discuss Kyivstar Group Ltd.’s major financial risk exposures and the steps its management will take to monitor and control such exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken. The Audit and Risk Committee will also monitor compliance with legal and regulatory requirements. Kyivstar Group Ltd.’s Remuneration 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 Kyivstar Group Ltd. is an “emerging growth company,” as defined in the JOBS Act, and the following is intended to comply with the scaled disclosure requirements applicable to emerging growth companies. Determinations with respect to director and executive compensation after the Closing have not yet been made. Kyivstar Executive Compensation For the purposes of this subsection, “Kyivstar” refers to the businesses of Kyivstar Group 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,