Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 383

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 383
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 by a sub -divisionof Kyivstar Group Ltd. Common Shares or other similar event, then, on the effective date of such capitalization or share dividend, sub -divisionor similar event, the number of Kyivstar Group Ltd. Common Shares issuable on exercise of each Kyivstar Group Ltd. Warrant will be increased in proportion to such increase in the issued and outstanding Kyivstar Group Ltd. Common Shares. A rights offering made to all or substantially all holders of Kyivstar Group Ltd. Common Shares entitling holders to purchase Kyivstar Group Ltd. Common Shares at a price less than the “historical fair market value” (as defined below) will be deemed a share dividend of a number of Kyivstar Group Ltd. Common Shares equal to the product of (i) the number of Kyivstar Group Ltd. Common Shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Kyivstar Group Ltd. Common Shares) multiplied by (ii) one (1) minus the quotient of (x) the price per Kyivstar Group Ltd. Common Share paid in such rights offering divided by (y) the historical fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Kyivstar Group Ltd. Common Shares, in determining the price payable for Kyivstar Group Ltd. Common Shares, there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “historical fair market value” means the volume weighted average price of Kyivstar Group Ltd. Common Shares as reported during the ten (10) trading day period ending on the trading day prior to the first date on which the Kyivstar Group Ltd. Common Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. In addition, if we, at any time while the Kyivstar Group Ltd. Warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to all or substantially all of the holders of the Kyivstar Group Ltd. Common Shares on account of such Kyivstar Group Ltd. Common Shares (or other securities into which the warrants are convertible), other than (a) as described above or (b) certain ordinary cash dividends/any cash dividends or cash distributions which, when combined on a per