Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 38

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 38
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arrants(2) |     |            7,666,667 |     |        3.3 | % |     |            7,666,667 |     |        3.3 | % |     |            7,666,667 |     |        3.3 | % |
| Cantor                                     |     |              270,000 |     |        0.1 | % |     |              270,000 |     |        0.1 | % |     |              270,000 |     |        0.1 | % |
| Kyivstar Group LTIP(3)                     |     |            7,040,976 |     |        3.0 | % |     |            7,040,976 |     |        3.0 | % |     |            7,040,976 |     |        3.0 | % |

____________ (1)Assumes all 1,437,500 Vesting Securities have vested pursuant to their terms. (2)Such Kyivstar Group Ltd. Common Shares issuable in respect of 7,666,667 Cohen Circle Warrants. (3)Pursuant to the Business Combination Agreement, the parties agreed for Kyivstar Group Ltd. to implement a long term equity incentive plan that is equal to at least 3.0% of the total outstanding common shares of Kyivstar Group Ltd. on a fully diluted basis. Q: What are the material U.S. federal income tax consequences of the Business Combination to the U.S. Holders and non -U .S. Holders (each as defined herein) of Cohen Circle Class A Ordinary Shares? A:A U.S. holder (as defined herein) that owns only Cohen Circle Class A Ordinary Shares, and exchanges such shares in the Merger for Kyivstar Group Ltd. Common Shares generally is expected not to recognize any gain or loss in respect of such exchange for U.S. federal income tax purposes, as the Merger, the Sale and any PIPE Investments, collectively, are expected to constitute a transaction qualifying under Section 351(a) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). A U.S. Holder that owns only Cohen Circle Public Warrants and exchanges such securities in the Merger for Kyivstar Group Ltd. Warrants generally is expected to recognize gain or loss on such exchange for U.S. federal income tax purposes