Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 389

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 389
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 employed or provide services to the Kyivstar Group Ltd. group of companies and on a takeover or change of control (or other similar event) of Kyivstar Group Ltd. Pursuant to the Business Combination Agreement, the equity incentive plan shall initially reserve a number of Kyivstar Group Ltd. Common Shares not less than three percent (3%) of the total number of Kyivstar Group Ltd. Common Shares that are outstanding (on a fully diluted basis), as of prior to the Closing. In accordance with Kyivstar Group Ltd.’s Policy for Recovery of Erroneously Awarded Compensation, Kyivstar Group Ltd. is required to recover any portion of any LTIP award granted in excess of the LTIP award that would have been granted based on a restated financial reporting measure. To the extent that any existing VEON Holdings equity incentive plan entitles the management of Kyivstar Group Ltd. to receive awards, the existing equity incentive plan will remain valid. 208 DESCRIPTION OF Kyivstar Group Ltd. SECURITIES A summary of the material provisions governing the Kyivstar Group Ltd. share capital immediately following the completion of the Business Combination is described below. This summary is not complete and should be read together with the Kyivstar Group Ltd. Governing Documents, the form of which is appended to this proxy statement / prospectus as Annex G . The summaries and descriptions below do not purport to be complete statements of the Bermuda Companies Act. Kyivstar Group Ltd. is an exempted company limited by shares incorporated in Bermuda and, as of the Closing of the Business Combination, its affairs will be governed by the Kyivstar Group Ltd. Governing Documents, the Bermuda Companies Act and Bermuda law. Reference to “Kyivstar Group Ltd.,” “we,” “us,” or “our” in this section refers to Kyivstar Group Ltd. following the Closing of the Business Combination. General Kyivstar Group Ltd. is an exempted company limited by shares, incorporated under the Companies Act on March 7, 2025. Our registered office is located at Victoria Place, 31 Victoria Street, Hamilton HM10, Bermuda. Our registration number with the Registrar of Companies in Bermuda is 202504557. As set forth in our memorandum of association, Kyivstar Group Ltd. was formed with unrestricted business objects, with all the capacity, rights, powers and privileges of a natural person. Kyivstar Group Ltd. may issue Kyivstar Group Ltd. Common Shares in one or more distinct series