Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 381

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 381
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 days ending on the trading day prior to the date on which the 207 notice of redemption is sent to the holders of the Kyivstar Group Ltd. Warrants. If our management takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of Kyivstar Group Ltd. Common Shares to be received upon exercise of the warrants, including the “fair market value” in such case. If the foregoing conditions are satisfied and we issue a notice of redemption of the Kyivstar Group Ltd. Warrants, each Kyivstar Group Ltd. Warrant holder will be entitled to exercise his, her or its Kyivstar Group Ltd. Warrant prior to the scheduled redemption date. However, the price of the Kyivstar Group Ltd. Common Shares may fall below the $18.00 redemption trigger price (as adjusted to the number of shares issuable upon exercise or the exercise price of a Kyivstar Group Ltd. Warrant as described under the heading “— Anti -dilutionAdjustments”) as well as the $11.50 Kyivstar Group Ltd. Warrant exercise price after the redemption notice is issued. No fractional Kyivstar Group Ltd. Common Shares will be issued upon exercise. If, upon exercise, a holder would be entitled to receive a fractional interest in a share, we will round down to the nearest whole number of the number of Kyivstar Group Ltd. Common Shares to be issued to the holder. If, at the time of redemption, the warrants are exercisable for a security other than the Kyivstar Group Ltd. Common Shares pursuant to the Amended Warrant Agreement, the warrants may be exercised for such security. At such time as the Kyivstar Group Ltd. Warrants become exercisable for a security other than the Kyivstar Group Ltd. Common Shares, the Kyivstar Group Ltd. (or surviving company) will use its commercially reasonable efforts to register under the Securities Act the security issuable upon the exercise of the Kyivstar Group Ltd. Warrants. Redemption procedures and cashless exercise.A holder of a Kyivstar Group Ltd. Warrant may notify us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such Kyivstar Group Ltd. Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.9