Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 313

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 313
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andemic, the war between Israel and Hamas, the escalation of the conflict between Israel and Iran and in the surrounding region, the closing of certain U.S. financial institutions by U.S. regulators from March 2023, the announcement of proposals for, or the imposition of, tariffs on certain non -U.S. goods and political instability. These events have created, and may continue to create, significant disruption of the global economy, supply chains, distribution channels and financial and labor markets. The market disruption and volatility from these events have caused us to experience reductions in business activity, increases in funding costs, decreases in asset values, additional write -downsand impairment charges and lower profitability. Our profit margins during high inflation could be harmed if we are unable to sufficiently increase our prices to offset any significant future increase in the inflation rate, manifested in inflationary increases in salary, wages, benefits and other administrative, supply and energy costs, and such price increases may be difficult with our mass market and price -sensitivecustomer base. Recent Acquisitions From time to time, we undertake acquisitions, which may affect comparability of our results of operations across periods. Our decisions to engage in such transactions are opportunistic and subject to market conditions. For example, on March 19, 2025, we signed an agreement to acquire Uklon, a leading Ukrainian ride -hailingand delivery platform. Upon closing of the deal, we will acquire 97% of Uklon shares for a total consideration of $155.2 million. See “ Business of Kyivstar and Certain Information about Kyivstar — Recent Developments. ”Consummation of such transactions may have an effect on comparability of our results. Further, August 2022, we acquired 69.99% of Helsi, an IT e -healthprovider in Ukraine, which aimed to enhance our presence in the IT e -healthsector, leveraging Helsi’s software, IT staff and expertise, for $15 million total cash consideration. As part of the share purchase agreement, JSC Kyivstar entered into a symmetrical put and call option agreement for the remaining 30.01% interest in Helsi. As a result, on the acquisition date, we determined that we had a present ownership interest in the remaining 30.01% interest in Helsi and accounted for the put liability as part of the consideration transferred, and no non -controllinginterest was recognized. Accordingly, the put option has been recorded as a financial liability at the present