Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 82

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 82
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. 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 voting power is held by an individual, group or another company is a “controlled company” and may elect not to comply with certain corporate governance standards, including (i) the requirement that a majority of the board of directors consist of independent directors, (ii) the requirement that Kyivstar Group Ltd. has a remuneration committee that is composed entirely of independent directors and (iii) the requirement that Kyivstar Group Ltd.’s director nominations be made, or recommended to the full Kyivstar Group Ltd. Board, by the Kyivstar Group Ltd. independent directors or by a nomination committee that consists entirely of independent directors and that Kyivstar Group Ltd. adopt a written charter or board resolution addressing the nominations process. Kyivstar Group Ltd. intends to take advantage of some or all of the foregoing exemptions, and, as a result, Kyivstar Group Ltd. shareholders may not have the same protections afforded to shareholders of companies that are subject to all of the Nasdaq corporate governance requirements. In the event that Kyivstar Group Ltd. ceases to be a “controlled company,” it will be required to comply with these provisions within the transition periods specified in the Nasdaq corporate governance rules. See “ Risk Factors — Kyivstar Group Ltd., as a “controlled company” within the meaning of the rules of the Nasdaq and will qualify for certain exemptions from