Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 220

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 220
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ger. Further, at the Merger Effective Time, all the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of Merger Sub will vest in and become the property, rights, privileges, agreements, powers and franchises, debts, liabilities, duties and obligations of Cohen Circle (being the Surviving Company) (including all rights and obligations with respect to the Trust Account), which shall include the assumption by the Surviving Company of any and all agreements, covenants, duties and obligations of Merger Sub set forth in the Business Combination Agreement and the other transaction documents to which Merger Sub is a party. Each Merger Sub Ordinary Share issued and outstanding immediately prior to the Merger Effective Time will be automatically cancelled in exchange for one Surviving Company Ordinary Share. Pre-Business Combination Structure The following diagram depicts the simplified organizational structure of VEON Holdings and its subsidiaries immediately before the Business Combination. 93 Post-Business Combination Structure The following diagram depicts the simplified organizational structure of Kyivstar Group Ltd. and its subsidiaries immediately after the consummation of the Business Combination. Effective Times of the Sale and Merger and Closing of the Business Combination The Sale will become effective at the Sale Effective Time which will occur on the business day preceding the date on which the Merger occurs in accordance with the Business Combination Agreement. Following the Sale, subject to the terms and conditions of the Business Combination Agreement, the Merger will become effective at such date the Plan of Merger is duly registered with the Registrar of Companies in the Cayman Islands (or such later date as may be agreed by each of the Parties and specified in such Plan of Merger in accordance with the Companies Act). Subject to the terms and conditions of the Business Combination Agreement, the Closing will occur by electronic exchange of documents on the date which is no later than three (3) business days after the date on which all of the conditions described below under the subsection entitled “ The Business Combination Agreement and Transaction Documents — The Business Combination Agreement — Conditions to Complete the Business Combination,” have been satisfied or waived (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions) or at such other time, date and place as Cohen Circle and the Seller may mutually agree in writing, provided that the Merger will not occur prior to the first business day following the Sale, and may not occur on a Friday. 94 Cohen Circle, VEON Holdings and Kyivstar Group Ltd. currently