Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 177

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 177
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 payments abroad, such as investments, interest and principal payments on loans or financing of any affiliate companies or representative offices offshore. See “— Risks Related to the Business and Industry of Kyivs tar — R isks Related to our Liquidity and Capital — Our indebtedness and debt service obligations could decrease our cash flow, which could adversely affect our business and financial condition.” Because Kyivstar Group Ltd. does not expect to pay any dividends on its Common Shares for the foreseeable future, your ability to achieve a return on your investment will depend on the appreciation in the price of Kyivstar Group Ltd.’s Common Shares. You should not rely on an investment in Kyivstar Group Ltd.’s Common Shares to provide dividend income. Kyivstar Group Ltd. does not anticipate paying any cash dividends to its shareholders in the foreseeable future. Kyivstar Group Ltd.’s ability to pay cash dividends is subject to various factors and is currently limited by restrictions applicable in Ukraine to all foreign -ownedcompanies. See “— Various factors may limit Kyivstar Group Ltd.’s ability to the declare and pay dividends.” There can be no assurances of when or if these restrictions, or any applicable sanctions laws, will end, if at all. Accordingly, you must rely on sales of your Common Shares after price appreciation, which may never occur, as the only way to realize any return on your investment. The market price of Kyivstar Group Ltd. Common Shares may be volatile or may decline regardless of Kyivstar Group Ltd.’s operating performance. You may lose some or all of your investment. The trading price of Kyivstar Group Ltd. Common Shares following completion of the Business Combination is likely to be volatile. The U.S. stock market recently has experienced high volatility, which often has been unrelated or disproportionate to the operating performance of particular companies. You may not be able to resell your Kyivstar Group Ltd. Common Shares at an attractive price due to a number of factors such as the following: •Kyivstar Group Ltd.’s operating and financial performance and prospects; Kyivstar Group Ltd.’s quarterly or annual earnings, or those of other companies in its industry compared to market expectations; •International sanctions or trade restrictions imposed on Kyivstar Group Ltd. or its shareholders •The ongoing war in Ukraine and general geopolitical instability in Ukraine •Conditions that impact demand for Kyivstar Group Ltd.’s products and/or services; •Future announcements concerning Kyivstar Group Ltd.’s business, its customers’ businesses, or its competitors