Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 236

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 236
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: (i) the First Vesting Tranche Securities (as defined in the Sponsor Agreement) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $15.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the second anniversary of the Closing Date; and (ii) the Second Vesting Tranche Securities (as defined in the Sponsor Agreement) shall immediately vest and no longer be subject to forfeiture on the first date that the Securities Price meets or exceeds $20.00 for 20 Trading Days out of any consecutive 30 Trading Days, if such date occurs before the fifth anniversary of the Closing Date. If the First Vesting Tranche Securities and/or the Second Vesting Tranche Securities become subject to forfeiture because the respective vesting conditions were not satisfied, such securities shall be surrendered with no consideration. Lock-Up Agreements Sponsor Agreement The Sponsor Agreement also provides for, among other things, certain restrictions on the transfer of 3,971,515 Common Shares to be issued to the Sponsors at Closing until the earlier of (i) 180 days following the Closing Date, (ii) the price of Kyivstar Group Ltd. Common Shares meeting or exceeding $13.50 for 20 trading days of any consecutive 30 trading days, and (iii) immediately prior to a liquidation event (the earlier of (i), (ii) and (iii), the “Lock -UpRelease”), subject to certain permitted transfers as set forth therein, on the terms and subject to the conditions set forth in the Sponsor Agreement. Seller Lock-Up Agreement On March 17, 2025, the Seller, the Sponsors and Kyivstar Group Ltd. entered into a lock -upagreement (the “Seller Lock -UpAgreement”) providing for, among other things, certain restrictions on the transfer of 95% of the Kyivstar Group Ltd. Common Shares to be issued to the Seller at Closing until the Lock -UpRelease. Rule 144 All of Kyivstar Group Ltd.’s Common Shares that are issued and outstanding, other than those registered pursuant to the registration statement of which the prospectus filed with the SEC on July 22, 2025 forms a part, are “restricted securities” as that term is defined in Rule 144 under the Securities Act, including any shares issued to the Non -RedeemingShareholders, and may be sold publicly in the United States only if they are subject to an