Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 381

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 381
---
 a majority of the Kyivstar Group Ltd. Board consist of independent directors, as defined under the Nasdaq listing rules, (ii) a majority of the independent directors select or recommend its director nominees, 203 (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 some or all 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, which the parties thereto intend to amend to conform to the maximum board size set forth in the Kyivstar Group Ltd. bye -laws, 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 ten members of the Kyivstar Group Ltd. Board. See “ The Business Combination Agreement and Transaction Documents.” Committees of the Kyivstar Group Ltd. Board Audit and Risk Committee Following the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, Kyivstar Group Ltd.’s audit and risk committee will consist of.will serve as the chairperson of the audit and risk committee. All members of Kyivstar Group Ltd.’s audit and risk 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