Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 90

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 90
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 our Common Shares to drop significantly, even if our business is doing well. Subject to certain lock -uprestrictions applicable to the Sponsors (as described under “ Securities Eligible for Future Resale — Lock -Up Agreements”), the Selling Shareholders can sell, under this prospectus, up to 6,768,098 Kyivstar Group Ltd. Common Shares, constituting approximately 3% of our total issued and outstanding Common Shares as of the date of this prospectus. Sales of a substantial number of our Common Shares in the public market by those 43 Selling Securityholders, or the perception that those sales might occur, could increase the volatility of and/or depress the market price of our Common Shares, and could impair our ability to raise capital through the sale of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market price of our Common Shares. Despite such a decline in the public trading price, certain Selling Securityholders may still experience a positive rate of return on our Common Shares due to the lower price at which they acquired the Common Shares compared to other public investors, and may be incentivized to sell the Common Shares when others are not. For example, based on the closing price of the Common Shares referenced on the cover page of this prospectus, the Kyivstar Group Ltd. Common Shares held by the Sponsors had an aggregate market value of approximately $89,193,639, despite having been acquired for an aggregate of $25,000, representing a potential profit to the Sponsors of approximately $14.836 per share, or approximately $89,168,639million in the aggregate. Public investors may not experience a similar rate of return on the Common Shares they purchase due to differences in the purchase prices that they paid and the current trading price. Our shareholders may also sell large amounts of our Common Shares in the open market or in privately negotiated transactions pursuant to Rule 144 under the Securities Act, if available. Any future resale by our shareholders could have the effect of increasing the volatility in the price of our Common Shares or putting significant downward pressure on the price of our Common Shares. We, as a “controlled company” within the meaning of the rules of the Nasdaq, qualify for certain exemptions from Nasdaq corporate governance requirements. A “controlled company” within the meaning of the rules of the is a company of which more than 50% of the voting power is held by an individual, group or another company. As a result of VEON’s majority beneficial ownership