Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 405

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 405
---
 Public Warrants were $, $and $, respectively. Holders of Cohen Circle Units, Cohen Circle Class A Shares and Cohen Circle Public Warrants should obtain current market quotations for their securities. The market price of Cohen Circle’s securities could vary at any time before the Business Combination. Historical market price information regarding VEON Holdings and Kyivstar are not provided because there is no public market for VEON Holdings’ or Kyivstar’s securities. For information regarding Kyivstar’s liquidity and capital resources, see the section entitled “ Management’s Discussion and Analysis of Financial Condition and Results of Operations of Kyivstar — Liquidity and Capital Resources.” Kyivstar Group Ltd. is applying to list the Kyivstar Group Ltd. Common Shares and Kyivstar Group Ltd. Warrants on Nasdaq upon the Closing under the ticker symbols “KYIV” and “KYIVW,” respectively. Dividend Policy Cohen Circle and Kyivstar Group Ltd. have not paid any cash dividends on their equity securities to date and does not intend to pay cash dividends prior to the completion of the Business Combination. The payment of cash dividends in the future will be dependent upon the revenues and earnings, if any, capital requirements and general financial condition of the Kyivstar Group Ltd. subsequent to the completion of the Business Combination. The payment of any cash dividends subsequent to the Business Combination will be within the discretion of the Kyivstar Group Ltd. Board. The Cohen Circle Board is not currently contemplating and does not anticipate declaring dividends nor is it currently expected that the Kyivstar Group Ltd. Board will declare any dividends in the foreseeable future. Further, the ability of Kyivstar Group Ltd. to declare dividends may be limited by the terms of financing or other agreements entered into by Kyivstar Group Ltd. or its subsidiaries from time to time. 228 PROPOSAL NO. 1 — THE BUSINESS COMBINATION PROPOSAL Overview Cohen Circle is asking its shareholders to authorize the adoption of, and approve, the Business Combination Agreement and the transactions contemplated thereby, including the Business Combination. Cohen Circle shareholders should read carefully this proxy statement/prospectus in its entirety for more detailed information concerning the Business Combination Agreement, which is attached as Annex Ato this proxy statement/prospectus. Please see the section entitled “ The Business Combination Agreement and Transaction Documents” for additional information and a summary of certain terms of the Business Combination and the Business Combination Agreement. Cohen Circle shareholders are urged to read carefully the Business Combination Agreement in its entirety before voting on this proposal. The