Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 76

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 76
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 earliest to occur of (i) the last day of the fiscal year (a) following the fifth anniversary of the effective date of the registration statement of which this proxy statement/prospectus is a part, (b) in which Kyivstar Group Ltd. has total annual gross revenue of at least $1.235 billion or (c) in which Kyivstar Group Ltd. is deemed to be a large accelerated filer, which means the market value of Kyivstar Group Ltd. Common Shares held by non -affiliatesexceeds $700 million as of the last business day of Kyivstar Group Ltd.’s prior second fiscal quarter; and (ii) the date on which Kyivstar Group Ltd. issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. Kyivstar Group Ltd. intends to take advantage of exemptions from various reporting requirements that are applicable to most other public companies, whether or not they are classified as “emerging growth companies,” including, but not limited to, an exemption from the provisions of Section 404(b) of the Sarbanes -OxleyAct requiring that Kyivstar Group Ltd.’s independent registered public accounting firm provide an attestation report on the effectiveness of its internal control over financial reporting. As a “foreign private issuer,” Kyivstar Group Ltd. will be subject to different U.S. securities law rules than domestic U.S. issuers. The rules governing the information that Kyivstar Group Ltd. must disclose differ from those governing U.S. corporations pursuant to the Exchange Act. Kyivstar Group Ltd. will be exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements to shareholders. In addition, as a “foreign private issuer,” Kyivstar Group Ltd.’s officers and directors and holders of more than 10% of the issued and outstanding Kyivstar Group Ltd. Common Shares, will be exempt from the rules under the Exchange Act requiring insiders to report purchases and sales of ordinary shares as well as from Section 16 short swing profit reporting and liability. After the consummation of the Business Combination, VEON Ltd., through the Seller, will own approximately 80% of the equity interests of Kyivstar Group Ltd. As a result, Kyivstar Group Ltd. will be a “controlled company” within the meaning of the rules of the Nasdaq. Under the Nasdaq corporate governance standards, a company of which more than 50% of the