Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 90

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 90
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 dilute the economic and voting rights of our existing shareholders, reduce the market price of our outstanding Common Shares or both. The Company’s decision to issue securities in any future offering will depend on, among other things, market conditions and other factors, some of which may be beyond its control, which may adversely affect the amount, timing or nature of its future offerings. As a result, holders of our Common Shares bear the risk that the Company’s future offerings, exercise of Kyivstar Group Ltd. Warrants and exercise of any options under any stock option plans may reduce the market price of our Common Shares and dilute their percentage ownership. See the section entitled “ Description of Securities.” Future resales of Kyivstar Group Ltd. Common Shares may cause the market price of our Common Shares to drop significantly, even if our business is doing well. Subject to certain lock -uprestrictions applicable to VEON Amsterdam and the Sponsors (as described under “ Securities Eligible for Future Resale — Lock -Up Agreements”), the Selling Shareholders can sell, under this prospectus, up to 213,710,538 Kyivstar Group Ltd. Common Shares, constituting a substantial majority of approximately 92.6% of our total issued and outstanding Common Shares as of the date of this prospectus. Sales of a substantial number of our 43 Common Shares in the public market by those Selling Securityholders, or the perception that those sales might occur, could increase the volatility of and/or depress the market price of our Common Shares, and could impair our ability to raise capital through the sale of additional equity securities. We are unable to predict the effect that such sales may have on the prevailing market price of our Common Shares. Despite such a decline in the public trading price, certain Selling Securityholders may still experience a positive rate of return on our Common Shares due to the lower price at which they acquired the Common Shares compared to other public investors, and may be incentivized to sell the Common Shares when others are not. For example, based on the closing price of the Common Shares referenced on the cover page of this prospectus, the Kyivstar Group Ltd. Common Shares held by the Sponsors had an aggregate market value of approximately $73,987,445, despite having been acquired for an aggregate of $25,000, representing a potential profit to the Sponsors of approximately $12.306 per share, or approximately $73,962,445 million in the aggregate. Public investors may not experience a similar rate of return on the