Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 101

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 101
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 June30, 2025; •Cohen Circle’s unaudited balance sheet as of June30, 2025; •Kyivstar Group Ltd.’s unaudited statement of financial position as of June30, 2025; •VEON Holdings’ unaudited combined income statement for the six -monthperiod ended June30, 2025; •Cohen Circle’s unaudited statement of operations for the six -monthperiod ended June30, 2025; •VEON Holdings’ audited combined income statement for the year ended December31, 2024; •Cohen Circle’s audited statement of operations for the year ended December31, 2024; and •other information relating to VEON Holdings and Cohen Circle included in this prospectus, including the Business Combination Agreement and the description thereof. The unaudited pro forma financial information should also be read together with the sections entitled “ Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other financial information included elsewhere in this prospectus. Description of the Business Combination On August14, 2025 (the “Closing Date”), we consummated the previously announced business combination pursuant to the Business Combination Agreement. As of the Closing Date, the following transactions occurred pursuant to the terms of the Business Combination Agreement (collectively, the “Transactions”): •the sale from Seller to Kyivstar Group Ltd. all of the issued and outstanding equity of VEON Holdings in exchange for newly issued Kyivstar Group Ltd. Common Shares and the Seller Loan Note (the “Sale”), whereby VEON Holdings became a direct, wholly owned subsidiary of Kyivstar Group Ltd., 51 •the merger of Merger Sub with and into Cohen Circle upon the terms and subject to the conditions set forth in the Business Combination Agreement and the Plan of Merger and in accordance with the Companies Act (As Revised) of the Cayman Islands (the “Merger”), with Cohen Circle continuing as the surviving company of the Merger and a direct, wholly owned subsidiary of Kyivstar Group Ltd. and •the other transactions contemplated by the Business Combination Agreement. Prior to Closing, a total of 5,847,015 Cohen Circle ordinary shares were redeemed for a value of approximately $60.8million, resulting in a total of 17,152,985 Cohen Circle public ordinary shares remaining issued and outstanding as of the Closing Date. As of August14, 2025, subsequent to Closing, there were 230,863,523 Kyiv