Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 113

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 113
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 of warrants over the six -monthperiod ended June 30, 2025, excluding any impact in connection with the year ended December 31, 2024. BB1. To reflect the elimination of transaction costs recorded within the income statement for the six -monthperiod ended June 30, 2025, which amounted to $3 million. CC1. To reflect the elimination of interest income generated from the investments held in the Trust Account. DD.To reflect the elimination of interest expense in connection with the April 2025 and June 2025 bonds and interest income in connection with Loan receivable from VEON Amsterdam as follows: DD1.The elimination of net foreign exchange loss of $17 million. DD2.The elimination of interest expense of $8 million. DD3.The elimination of interest income earned on the Loan receivable from VEON Amsterdam of $7 million. 4.3Adjustments to the unaudited pro forma condensed combined income statement for the year ended December 31, 2024 The following adjustments have been reflected in the unaudited pro forma condensed combined income statement: AA. To reflect the preliminary estimated share -basedcompensation expense recognized, in accordance with IFRS2, for the excess of the fair value of Kyivstar Group Ltd. Common Shares issued and the fair value of Cohen Circle’s identifiable net assets acquired from the Business Combination. Resulted in an adjustment for the $161 million excess of the fair value of the shares issued over the value of the net assets acquired in the Business Combination reflecting actual redemptions. BB.To reflect the expense related to the transaction costs of the Business Combination for legal, financial advisory, accounting and other professional fees of $7 million. This is a nonrecurring item. CC.To reflect the elimination of interest income generated from the investments held in the Trust Account. DD.To reflect the estimated grant date fair value of the Vesting Securities, and related share -basedcompensation expense, as described in pro forma adjustments E and AA. This is a nonrecurring item. EE.To reflect the elimination of interest expense in connection with the April 2025 and June 2025 bonds and interest income in connection with Loan receivable from VEON Amsterdam as follows: EE1. The elimination of net foreign exchange gain of $12 million EE2. The elimination of interest expense of $25 million EE3. The elimination of interest income earned on the Loan receivable from VEON Amsterdam of $19 million 4.Pro forma Share and Earnings per Share Information