Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 270

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 270
---
 over the value of the net assets acquired in the Business Combination assuming the maximum redemption scenario. BB.To reflect the expense related to the transaction costs of the Business Combination for legal, financial advisory, accounting and other professional fees of $7million. This is a nonrecurring item. CC.To reflect the elimination of interest income generated from the investments held in the Trust Account. DD.To reflect the estimated grant date fair value of the Vesting Securities, and related share -basedcompensation expense, as described in pro forma adjustments E and AA. This is a nonrecurring item. EE. To reflect the elimination of interest expense in connection with the April 2025 and June 2025 bonds and interest income in connection with Loan receivable from VEON Amsterdam as follows: EE1. The elimination of net foreign exchange gain of $12million EE2. The elimination of interest expense of $25million EE3. The elimination of interest income earned on the Loan receivable from VEON Amsterdam of $19million 5. Pro forma Share and Earnings per Share Information The pro forma earnings per share calculation represents the earnings per share attributable to shareholders calculated using the pro forma basic and diluted weighted average shares outstanding of Kyivstar Group Ltd. as a result of the pro forma adjustments to reflect the Business Combination as occurring on January 1, 2024. The calculation of pro forma weighted average shares outstanding for basic and diluted net profit attributable to shareholders per share reflects that the shares issued in connection with the Business Combination have been outstanding for the entire period presented and the Business Combination occurring on January 1, 2024, the beginning of the most recent annual period presented with this proxy statement/prospectus. Potentially dilutive outstanding securities, such as the Kyivstar Group Ltd. Warrants, were excluded from the computation of pro forma net income per share, basic and diluted, because their effect would have been anti -dilutive. If the number of Cohen Circle Class A Ordinary Shares described under the “Assuming Maximum Redemptions” scenario described above are redeemed, this calculation is retroactively adjusted to eliminate such shares for the entire period. As the Transactions are being reflected as if they had occurred at the beginning of the period presented, the calculation of weighted average Kyivstar Group Ltd. Common Shares outstanding for basic and diluted net profit for the period per share assumes that the shares issuable relating to the Transactions have been outstanding for the entire period presented. 130

Proforma earning per share

| USD in millions, except share