Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 360

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 360
---
 Kyivstar Group Ltd. Board may determine from time to time, but shall be not less than five and not more than nine directors.

194 Director Independence The Nasdaq listing standards require that a majority of our board of directors be independent. Our board of directors has determined thatare expected to be “independent directors” as defined in the Nasdaq listing standards. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Directors’ Interests Subject to the Kyivstar Group Ltd. bye -laws, a director who may be interested in a contract or proposed contract with Kyivstar Group Ltd. may still vote in respect of such contract or proposed contract, provided that such director has declared the nature of his or her interest at the earliest opportunity at a meeting of the Kyivstar Group Ltd. Board and has not been disqualified by the chairman of the relevant meeting. A director may vote and be counted in the quorum in respect of any matter notwithstanding any conflict of interest that could potentially exist due to the relationship or connection of such director to VEON or any of its affiliates (including Kyivstar Group Ltd. and any subsidiary undertaking thereof) or certain persons connected therewith. Term of Office for Directors Each director will (unless such director is removed from office or such office is vacated, temporarily or permanently, in accordance with the Kyivstar Group Ltd. bye -laws) hold office until the next following annual general meeting in accordance with the Kyivstar Group Ltd. Governing Documents. Duties of Directors Under Bermuda law, Kyivstar Group Ltd.’s directors owe certain duties towards Kyivstar Group Ltd., including duties to act in good faith, to exercise their powers only for legitimate business purposes, to avoid conflicts of interest and to refrain from personal profit. Appointment and Removal of Directors Kyivstar Group Ltd. may by Resolution (as defined in the Kyivstar Group Ltd. bye -laws) appoint a person who is willing to act to be a director either to fill a vacancy or as an Alternate Director (as defined in the Kyivstar Group Ltd. bye -laws) (provided that this would not result in the number of directors exceeding the maximum specified by the Kyivstar Group Ltd. Board). In addition, the Kyivstar Group Ltd. Board may appoint a person who is willing to act to be a director, either to fill a casual vacancy or as an Alternate Director. A person will cease to be a director upon their resignation or upon the appointment of their successor if they are