Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 65

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 65
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 that the Merger may not occur prior to the first business day following the Sale, and may not occur on a Friday. For more information about the transactions contemplated in the Business Combination Agreement, please see the section entitled “ The Business Combination Agreement and Transaction Documents.” The Business Combination Agreement is incorporated by reference into this proxy statement/prospectus, a copy of which is attached to this proxy statement/prospectus as Annex A. Conditions to Closing of the Business Combination At the Sale Effective Time, by virtue of the Sale and in accordance with the Business Combination Agreement and the Transfer Deed, the Seller will sell to Kyivstar Group Ltd. all of the issued and outstanding equity of VEON Holdings in exchange for (i) newly issued Kyivstar Group Ltd. Common Shares, which shall equal the Seller Share Consideration Number (which is defined as the number of the Kyivstar Group Ltd. Common Shares equal to (a) the amount of Closing Equity Value less the Seller Loan Note Consideration Amount, divided by (b) $10.35); provided that the resulting number shall be rounded down to the nearest whole number and (ii) the Seller Loan Note in the amount equal to the Seller Loan Note Consideration Amount (which is defined as the dollar amount equal to the Cash Investment Amount, which in turn is defined as the sum of (a) the PIPE Investments, plus (b) the aggregate amount of cash contained in the Trust Account immediately prior to the Closing (prior to giving effect to the SPAC Shareholder Redemption), less (c) the Aggregate SPAC Shareholder Redemption Payments Amount). Effect on Cohen Circle At the Merger Effective Time, pursuant to the Business Combination Agreement, the Plan of Merger and the Companies Act, by virtue of the Merger and without any action on the part of the parties or any other person: •each Cohen Circle Unit that is issued and outstanding immediately prior to the Merger Effective Time, comprised of one of the Company’s Class A ordinary shares, par value $0.0001 per share (each, a “Company Class A Share”) and one -thirdof one Cohen Circle Public Warrant, shall be automatically detached and the holder thereof shall be deemed to hold one Company Class A Share and one -thirdof one Cohen Circle Public Warrant (the “Unit Separation”); •(i) 2,155,000 Cohen Circle Class B Ordinary Shares held by the Sponsor shall be surrendered by the Sponsor to Cohen Circle and such shares shall be automatically cancelled without any conversion thereof or