Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 6

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 6
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ed Cash exceeds the Target Net Cash or (b) zero if there is no such excess. The “Cash Adjustment Shortfall” is defined as (a) the amount by which the Target Net Cash exceeds the Adjusted Cash or (b) zero if there is no such excess. The “Target Net Cash” is defined as $560,000,000. “Adjusted Cash” will be determined based on the financial statements of VEON Holdings and the Ukrainian Subsidiaries as of a month -endprior to the Closing, and will include certain categories of cash of VEON Holdings and the Ukrainian Subsidiaries less certain categories of funded indebtedness of the Ukrainian Subsidiaries, adjusted to (i) exclude the impact of acquisitions permitted under the Business Combination Agreement and debt obligations and debt repayments in respect the 2025 Bonds and the 2027 Bonds and (ii) take into account any excess or shortfall in the actual capital expenditure experience of the Ukrainian Subsidiaries during the period from January1, 2025 through such month -endas compared to an agreed capital expenditure budget for such Ukrainian Subsidiaries during such time period. Each Merger Sub Ordinary Share, that is issued and outstanding immediately prior to effectiveness of the merger (the “Merger Effective Time”), shall be automatically cancelled in exchange for one validly issued, fully paid and non -assessableordinary share of the Surviving Company. The ordinary shares of the Surviving Company shall have the same rights, powers and privileges as the shares so converted and shall constitute the only issued and outstanding share capital of the Surviving Company. Cohen Circle Units, Cohen Circle Class A Ordinary Shares and Cohen Circle Public Warrants are currently listed on the Nasdaq Stock Market LLC (“Nasdaq”), under the symbols “CCIRU,” “CCIR,” and “CCIRW,” respectively. Upon the closing of the Business Combination, the Cohen Circle Units, Cohen Circle Class A Ordinary Shares and Cohen Circle Public Warrants (collectively, the “Cohen Circle Securities”) will be delisted from Nasdaq. Kyivstar Group Ltd. intends to apply to list the Kyivstar Group Ltd. Common Shares and Kyivstar Group Ltd. Warrants on Nasdaq under the symbols “KYIV” and “KYIVW”, respectively, upon the closing of the Business Combination. Cohen Circle cannot assure you that the Kyivstar Group Ltd. Common Shares or Kyivstar Group Ltd. Warrants will be approved for listing on Nasdaq. Cohen Circle