Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 363

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 363
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, (ii) a majority of the independent directors select or recommend its director nominees, (iii) the remuneration committee be responsible for determining or recommending the remuneration of executive officers and (iv) Kyivstar Group Ltd. have a remuneration committee that consists entirely of independent directors. Kyivstar Group Ltd. currently intends to take advantage of the foregoing exemptions. Therefore, shareholders may not have the same protections afforded to shareholders of companies that are subject to all of these corporate governance requirements. In the event that we cease to be a “controlled company” and our Kyivstar Group Ltd. Common Shares continue to be listed on Nasdaq, we will continue to rely on the exemptions afforded to foreign private issuers described above. In the event that we cease to be a “controlled company” and no longer qualify as a foreign private issuer, we will be required to comply with these provisions within the applicable transition periods. See “ Risk Factors — Risks Related to Being a Public Company — Kyivstar Group Ltd., as a “controlled company” within the meaning of the rules of the Nasdaq and will qualify for certain exemptions from Nasdaq corporate governance requirements.” Appointment Rights Pursuant to the Business Combination Agreement, Cohen Circle has the right to appoint one director to the Kyivstar Group Ltd. Board and the Seller has the right to appoint up to six members of the Kyivstar Group Ltd. Board. See “ The Business Combination Agreement and Transaction Documents.” Committees of the Kyivstar Group Ltd. Board Audit Committee Following the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, Kyivstar Group Ltd.’s audit committee will consist of.will serve as the chairperson of the audit committee. All members of Kyivstar Group Ltd.’s audit committee meet the requirements for financial literacy under the applicable rules and regulations of the SEC and the Nasdaq corporate governance rules. The Kyivstar Group Ltd. Board has determined thatis an “audit committee financial expert” as defined in applicable SEC rules and has the requisite financial experience as defined by the Nasdaq corporate governance rules. The Kyivstar Group Ltd. Board has determined that each proposed member of Kyivstar Group Ltd.’s audit committee is “independent” as such term is defined in Rule 10A -3(b)(1) under the Exchange Act, which is different from the general test for independence of Kyivstar Group Ltd. Board and committee members. 193 The Kyivstar Group Ltd. Board will, prior to or