Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 380

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 380
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. Warrants for redemption: •in whole and not in part; •at a price of $0.01 per warrant; •upon not less than 30 days’ prior written notice of redemption to each warrant holder; and •if, and only if, the closing price of the Kyivstar Group Ltd. Common Shares equals or exceeds $18.00 per share (as adjusted for share sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 -tradingday period ending on the third trading day prior to the date on which notice of the redemption is sent to the Kyivstar Group Ltd. Warrant holders. We will not redeem the Kyivstar Group Ltd. Warrants as described above unless such warrants are then exercisable and an effective registration statement under the Securities Act covering the Kyivstar Group Ltd. Common Shares issuable upon exercise of the Kyivstar Group Ltd. Warrants is effective and a current prospectus relating to those Kyivstar Group Ltd. Common Shares is available throughout the 30 -dayredemption period or we have elected to require the exercise of the Kyivstar Group Ltd. Warrants on a cashless basis as described above. If and when the Kyivstar Group Ltd. Warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or qualify the underlying securities for sale under all applicable state securities laws. As a result, we may redeem Kyivstar Group Ltd. Warrants even if the holders are otherwise unable to exercise their warrants. If we call the Kyivstar Group Ltd. Warrants for redemption as described in this paragraph, our management will have the option to require any holder that wishes to exercise his, her or its warrant following the notice of redemption to do so on a cashless basis. In the case of such a cashless exercise, each holder would pay the exercise price by surrendering the Kyivstar Group Ltd. Warrants for that number of Kyivstar Group Ltd. Common Shares equal to the quotient obtained by dividing (x) the product of the number of Kyivstar Group Ltd. Common Shares underlying the warrants, multiplied by the excess of the “fair market value” less the exercise price of the warrants by (y) the fair market value. The “fair market value” as used in the preceding sentence shall mean the volume weighted average price of the Kyivstar Group Ltd. Common Shares for the 10 trading