Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 172

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 172
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, (iii) reduced disclosure obligations regarding executive compensation arrangements in Kyivstar Group Ltd.’s periodic reports, registration statements and proxy statements, and (iv) exemptions from the requirements of holding a non -bindingadvisory vote on executive compensation and shareholder approval of any 66 golden parachute payments not previously approved. As a result, the information Kyivstar Group Ltd. provides will be different than the information that is available with respect to other public companies that are not emerging growth companies. In addition, Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the exemption from complying with new or revised accounting standards provided in Section 7(a)(2)(B) of the Securities Act as long as Kyivstar Group Ltd. is an emerging growth company. An emerging growth company can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerginggrowth companies, but any such election to opt out is irrevocable. Kyivstar Group Ltd. cannot predict whether investors will find Kyivstar Group Ltd. Common Shares less attractive if it relies on these exemptions. If some investors find Kyivstar Group Ltd. Common Shares less attractive as a result, there may be a less active trading market for the Kyivstar Group Ltd. Common Shares. The market price of Kyivstar Group Ltd. Common Shares may be more volatile. Kyivstar Group Ltd. will remain an emerging growth company until the earlier of (i) the last day of the fiscal year (1) following the fifth anniversary of the consummation of the Business Combination, (2) in which Kyivstar Group Ltd. has total annual gross revenue of at least $1.235 billion, or (3) in which Kyivstar Group Ltd. is deemed to be a large accelerated filer, which means the market value of Kyivstar Group Ltd. Common Shares that is held by non -affiliatesequaled or exceeded $700 million as of the end of that year’s second fiscal quarter, and (ii) the date on which Kyivstar Group Ltd. has issued more than $1.0 billion in non -convertibledebt securities during the prior three -yearperiod. Certain individuals on Kyivstar Group Ltd.’s management team have limited experience in operating a public company. Certain Kyivstar Group Ltd.’s executive