Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 269

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 269
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578million of debt and derivatives consisting of $561million of principal; $11million of accrued interest; and $6million impact of foreign exchange gains and losses. The repayment reflects $306million of proceeds utilized from the Loan receivable from VEON Amsterdam, $32million of proceeds from receivable from VEON Amsterdam and $223million in proceeds from cash and cash equivalents. 4.2 Adjustments to the unaudited pro forma condensed combined income statement for the three-mont h period ended March 31, 2025 The following adjustments have been reflected in the unaudited pro forma condensed combined income statement: AA1.To reflect the change in fair value of warrants over the three -monthperiod ended March31, 2025, excluding any impact in connection with the year ended December31, 2024. BB1. To reflect the elimination of transaction costs recorded within the income statement for the three -monthperiod ended March31, 2025, which amount to $2million. CC1. To reflect the elimination of interest income generated from the investments held in the Trust Account. DD.To reflect the elimination of interest expense in connection with the April 2025 and June 2025 bonds and interest income in connection with Loan receivable from VEON Amsterdam as follows: DD1.The elimination of net foreign exchange loss of $18million DD2.The elimination of interest expense of $6million DD3.The elimination of interest income earned on the Loan receivable from VEON Amsterdam of $5million 4.3Adjustments to the unaudited pro forma condensed combined income statement for the year ended December 31, 2024 The following adjustments have been reflected in the unaudited pro forma condensed combined income statement: AA. To reflect the preliminary estimated share -basedcompensation expense recognized, in accordance with IFRS2, for the excess of the fair value of Kyivstar Group Ltd. Common Shares issued and the fair value of Cohen Circle’s identifiable net assets acquired from the Business Combination. AA1.Resulted in an adjustment for the $172million excess of the fair value of the shares issued over the value of the net assets acquired in the Business Combination assuming no redemptions. 129 AA2.Resulted in an adjustment for the $143 million excess of the fair value of the shares issued over the value of the net assets acquired in the Business Combination assuming the 50% redemption scenario. AA3.Resulted in an adjustment for the $125million excess of the fair value of the shares issued