Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 422

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 422
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for and, immediately after the payment of the dividend, satisfy the solvency test (that is, if the directors can determine based on the facts at the time that the company can in the future, following the payment of the dividend, pay its debts as they fall due in the ordinary course of business).                                                                                                                            
 Directors may, before resolving to pay any distribution, set aside such sums as they think proper as a reserve or reserves.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |     | Under the Bermuda Companies Act and the Kyivstar Group Ltd. Bye-laws, the board of directors may, subject to the Kyivstar Group Ltd. Bye-laws, by resolution of the directors declare and pay a dividend, or make a distribution out of contributed surplus, provided there are reasonable grounds for believing that after any such payment (a) the company will be able to pay its liabilities as they become due and (b) the realizable value of its assets will be greater than its liabilities.                                                                                                                                                                                                                                                                                                                                                                                  |

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| Rights of Cohen Circle Shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | Rights of Kyivstar Group Ltd. Shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Purchase, Repurchase and Redemption of Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | Purchase, Repurchase and Redemption of Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Subject to the provisions of the Companies Act, the Cohen Circle Articles, any exchange rules, and to any rights conferred on the shareholders or attaching to any class of shares in the capital of Cohen Circle, Cohen Circle may: (i) issue shares on terms that they are to be redeemed or are liable to be redeemed at the option of one or both of Cohen Circle or the holder of such shares on such terms and in such manner as the Cohen Circle Board may determine before the issue of those shares; and (ii) repurchase any of its shares, provided that the manner and terms of such purchase have been approved by the Cohen Circle Board or are otherwise authorized by the Cohen Circle Articles. Under the Companies Act, the redemption or repurchase of any share may be paid out of Cohen Circle’s profits or out of the proceeds of a fresh issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share premium account and capital redemption reserve) if the Cohen Circle can, immediately following such payment, pay its debts as they fall due in the ordinary course of business. In addition, under the Companies