Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 260

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 260
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 or debt financing, including any PIPE Investment, is raised, resulting in reductions of subscribed shares of approximatively 18,169,082 ,capital reserves of $188,049,999 and cash of $188,049,999 compared to Scenario 1.

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D.To reflect the exchange of Cohen Circle Class B Ordinary Shares to Cohen Circle Class A Ordinary Shares and contribute to PubCo and the issuance of PubCo Common Shares in exchange thereof. Pursuant to the Business Combination Agreement, an aggregate of 4,312,500Cohen Circle Class B Ordinary Shares held by the Sponsors will be exchanged and converted into 4,312,500Cohen Circle Class A Ordinary Shares. E.Reflects the estimated share based contingent payments of 1,437,500Vesting Securities to be granted, based on a preliminary valuation. Fair values are based on valuation techniques (Monte Carlo) using management estimates based on the best information available to management at the time of this proxy statement/prospectus. The Vesting Securities are a potential contingent payment arrangement with the Sponsors, based on certain trading prices of PubCo Common Shares following the Closing and not based on any service requirements. Thus, the respective Vesting Securities vest immediately upon the satisfaction of the relevant trading price thresholds and should be considered as an adjustment to the grant date fair value of the IFRS 2 expense, regardless of whether any or both share price thresholds of the Vesting Securities is achieved. F.The warrants issued in connection with Cohen Circle’s IPO (Cohen Circle Public Warrants) are considered as part of Cohen Circle’s net assets acquired in the Transactions. This adjustment is to adjust Cohen Circle Public Warrants’ fair value to the most recent date based on the available information. G.To reflect the preliminary estimated expense recognized, in accordance with IFRS2, for the excess of the fair value of the PubCo Common Shares issued by PubCo and the fair value of Cohen Circle’s net assets acquired from the Transactions, resulting in a decrease in Net investment attributable to equity owners and increase in capital reserves of $ , $ and $under Scenarios1, Scenario 2 and Scenario3, respectively. The fair value of Cohen Circle’s net assets acquired was calculated using Cohen Circle’s historical total equity balance as of December 31, 2024, adjusted by pro forma adjustment B1 to reflect the subsequent movement in the Trust Account of Cohen Circle after December 31, 2024 based on the Trust Account Statement as of , 2025, for re