Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 247

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 247
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ii) the historical audited statement of operations of Cohen Circle for the year ended December 31, 2024 on a pro forma basis as if the Business Combination had occurred on January 1, 2024, the beginning of the latest annual period presented. The unaudited pro forma condensed combined financial information was derived from and should be read in conjunction with the following historical financial statements and the accompanying notes, which are included elsewhere in this proxy statement/prospectus: •VEON Holdings’ audited combined statements of financial position as of December31, 2024; •Cohen Circle’s audited balance sheets as of December31, 2024; •VEON Holdings’ audited combined income statements as of December31, 2024; •Cohen Circle’s audited statements of operations as of December31, 2024; and •other information relating to VEON Holdings and Cohen Circle included in this proxy statement/prospectus, including the Business Combination Agreement and the description of the terms thereof set forth under the section entitled “ The Business Combination Agreement and Transaction Documents.” The unaudited pro forma financial information should also be read together with the sections entitled “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “ Cohen Circle Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other financial information included elsewhere in this proxy statement/prospectus. Description of the Business Combination For more information about the transactions, please see the section entitled “ The Business Combination Agreement and Transaction Documents.” Basis of Pro Forma Presentation The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S -X. The adjustments in the unaudited pro forma condensed combined financial information have been identified and presented to provide relevant information necessary for an illustrative understanding of Kyivstar Group Ltd. upon consummation of the Business Combination. Assumptions and estimates underlying the unaudited pro forma adjustments set forth in the unaudited pro forma condensed combined financial information are described in the accompanying notes. 112 Following the Business Combination, Kyivstar Group Ltd. is expected to qualify as a foreign private issuer under the Exchange Act and will prepare its financial statements in accordance with IFRS as issued by the IASB. Accordingly, the unaudited pro forma condensed combined financial information has been prepared in accordance with IFRS as issued by the IASB. The unaudited pro forma condensed combined financial information has been presented for illustrative purposes only and