Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 264

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 264
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 at Closing of the Business Combination. The reclassification comes after the increase of additional income of $2million from the Trust Account investments from March 31, 2025 up to the Closing Date. 125 B.To reflect the recapitalization of VEON Holdings through: B1.As a result of the Pre -ClosingReorganization, the equity of VEON Holdings on the assumed date of the Pre -ClosingReorganization is contributed to Kyivstar Group Ltd., which consists of all the aggregate issued capital, in VEON Holdings to Kyivstar Group Ltd. of $3,206 million. B2.Assuming No Redemptions: i.The issuance of 190,526,570 Kyivstar Group Ltd. Common Shares. ii.The repayment of $193 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. B3.Assuming 50% Redemptions: i.The issuance of 202,026,570 Kyivstar Group Ltd. Common Shares. ii.The repayment of $74 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. B4.Assuming Maximum Redemptions: i.The issuance of 208,695,652 Kyivstar Group Ltd. Common Shares. ii.The repayment of $5 million to the Seller, leaving up to $10 million of cash within Kyivstar Group Ltd. C.To reflect the assumed number of redemptions in connection with the Cohen Circle EGM to vote to approve the Business Combination. C1.Under Scenario1, which assumes none of the Public Shareholders elected to exercise their right to redeem their Cohen Circle Class A Ordinary Shares, adjustments to reflect (i) the exchange of 23,000,000shares of Cohen Circle Class A Ordinary Shares subject to redemption for 23,000,000 Kyivstar Group Ltd. Common Shares, (ii) the reclassification of $238million carrying amount of Cohen Circle Class A Ordinary Shares subject to redemption (liability) to Kyivstar Group Ltd. subscribed capital and capital reserves, (iii) the elimination of the adjusted historical accumulated deficit of Cohen Circle of $25 million. C2.Under Scenario2, which assumes the Public Shareholders elected to redeem 11,500,000 Cohen Circle Class A Ordinary Shares, resulting in reductions of subscribed shares of 11,500,000, capital reserves of $119million and cash of $119million, resulting into a remaining balance of capital reserves of $119million in connection with