Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 27

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 27
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; (vi)the anticipated timing of the Business Combination; (vii) the risk that the announcement and consummation of the Business Combination disrupts VEON’s current plans; (viii) expectation that Kyivstar Group Ltd. Common Shares will be accepted for listing on the Nasdaq following the completion of the Business Combination; (ix)Kyivstar’s management of its business strategy and plans; (x)changes in applicable laws or regulations; (xi)general economic conditions; (xii) factors relating to the business, operations and financial performance of the Company (meaning, for the purposes of this section, VEON Holdings and the direct and indirect Ukrainian Subsidiaries), including: •risks relating to the ongoing war in Ukraine, such as its adverse impact on the economic conditions and outlook of Ukraine; physical damage to property, infrastructure and assets; the effect of sanctions and export controls on our supply chain, the ability to transact with key counterparties; the resulting volatility in the Ukrainian hryvnia; our ability to operate and maintain our infrastructure; reputational harm we may suffer as a result of the war, sanctions (including any reputational harm ix from certain of the beneficial owners of VEON’s largest shareholder, L1T VIP Holdings S.à r.l. (“LetterOne”), being subject to sanctions) that could increase the risk of nationalization; and its impact on our liquidity, financial condition and our ability to operate as a going concern; •risks related to Kyivstar Group Ltd.’s ability to declare and pay dividends and restrictions on its ability to make certain payments abroad (such as investments, interest and principal payments on loans, financing of any affiliate companies or representative offices offshore); •risks related to Kyivstar Group Ltd.’s principal asset following the Business Combination being its interest in Kyivstar, and its dependence on Kyivstar for distributions, which may be restricted or prohibited; •risks related work stoppages and other labor matters, including mobilization; •risks related to investing in frontier markets, which are subject to greater risks than investing in more developed markets, including political and economic instability, regulatory and legal uncertainty, social unrest and conflict; •risks related to labor issues, including risks of mobilization; •risks associated with cyber -attacksor systems and network disruptions, data protection, data breaches, or the perception of such attacks or failures, including the costs associated with such events and the reputational harm that could arise therefrom; •ris