Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 409

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 409
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 cashless basis. Additionally, if, at the time that a Kyivstar Group Ltd. Warrant is exercised, our Kyivstar Group Ltd. Common Shares are not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of Kyivstar Group Ltd. Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration statement, but will use our commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. In the event of a cashless exercise pursuant to the preceding paragraph, each holder would pay the exercise price by surrendering the Kyivstar Group Ltd. Warrants for that number of Kyivstar Group Ltd. Common Shares equal to the quotient obtained by dividing (x) the product of the number of Kyivstar Group Ltd. Common Shares underlying the warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise price of the warrants by (y) the fair market value. The “fair market value” as used in the preceding sentence shall mean the volume weighted average price of the Kyivstar Group Ltd. Common Shares for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. Redemption of warrants for cash when the price per Kyivstar Group Ltd. Common Share equals or exceeds $18.00.Once the warrants become exercisable, we may call the Kyivstar Group Ltd. Warrants for redemption: •in whole and not in part; •at a price of $0.01 per warrant; •upon not less than 30 days’ prior written notice of redemption to each warrant holder; and •if, and only if, the closing price of the Kyivstar Group Ltd. Common Shares equals or exceeds $18.00 per share (as adjusted for share sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 -tradingday period ending on the third trading day prior to the date on which notice of the redemption is sent to the Kyivstar Group Ltd. Warrant holders. We will not redeem