Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 246

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 246
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 Kyivstar Group Ltd., the Sponsors and the Seller entered into the Seller Lock -upAgreement, a copy of which is attached to this proxy statement/prospectus as Annex D. Pursuant to the terms of the Seller Lock -upAgreement, the Seller will be contractually restricted from selling or transferring the Lock -UpSecurities (as defined in the Seller Lock -UpAgreement) issued to such Persons. Such restrictions begin on the Closing Date and end on the earlier of: (i) the date that is 180 days following the Closing Date; (ii) the first date on which the Securities Price (as defined in the Seller Lock -upAgreement) meets or exceeds $13.50 for 20 Trading Days (as defined in the Seller Lock -upAgreement) out of any consecutive 30 Trading Days (but no earlier than the date that is 90 days after the Closing Date); and (iii) immediately prior to (but conditioned upon) the occurrence of a Liquidation Event (as defined in the Seller Lock -upAgreement), in each case except to a Permitted Transferee (as defined in the Seller Lock -upAgreement) as expressly permitted by the Seller Lock -upAgreement. 111 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction The unaudited pro forma condensed combined financial information of Kyivstar Group Ltd. has been prepared in accordance with Article 11 of Regulation S -Xas amended by the final rule, Release 33 -10786“Amendments to Financial Disclosures about Acquired and Disposed Businesses” and presents the combination of the historical financial information of VEON Holdings and Cohen Circle adjusted to give effect to the Business Combination. The unaudited pro forma condensed combined statement of financial position as of December 31, 2024 combines (i) the historical audited combined statement of financial position of VEON Holdings as of December 31, 2024, with (ii) the historical audited balance sheet of Cohen Circle as of December 31, 2024, on a pro forma basis as if the Business Combination and other events, summarized below, had been consummated as of December 31, 2024. The unaudited pro forma condensed combined income statement for the year ended December 31, 2024 combines (i) the historical audited combined income statement of VEON Holdings for the year ended December 31, 2024, with (