Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 255

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 255
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/prospectus; •Pro forma transaction accounting and financing adjustments to give effect to the Business Combination and the issuance of PubCo’s shares contemplated to take place at Closing on PubCo’s combined statement of financial position as of December31, 2024, as if the Business Combination had closed on December31, 2024; and •Pro forma adjustments to give effect to the Business Combination and the issuance of shares contemplated at Closing on PubCo’s combined income statement for the year ended December31, 2024 as if the Business Combination had occurred on January1, 2024, the beginning of the earliest periods presented. PubCo was incorporated for the sole purpose of effectuating the Business Combination. PubCo does not meet the definition of a business. This entity has no activities other than transaction costs which are included in the transaction accounting adjustments. This unaudited pro forma condensed combined financial information has been prepared for illustrative purposes only and is based on assumptions and estimates made and considered appropriate by Kyivstar’s and Cohen Circle’s management; however, it is not necessarily indicative of what VEON Holdings’ combined financial condition or results of operations would have been assuming the Business Combination had been consummated as of the dates indicated, nor does it purport to represent the combined financial position or results of operations of the combined company for future periods. The audited and unaudited combined financial statements of VEON Holdings B.V. have been derived from Kyivstar (consolidated with Kyivstar.Tech, Lan Trace and Helsi) and VEON Holdings B.V.’s historical accounting records and reflect certain allocation of expenses. All the allocations and estimates in such financial statements are based on assumptions that Kyivstar’s and VEON Holdings’ management believe are reasonable. The unaudited pro forma condensed combined financial information may not be useful in predicting the future financial condition and results of operations of PubCo following the Closing. The adjustments included in this unaudited pro forma condensed combined financial information are preliminary and are subject to change. This unaudited pro forma condensed combined financial information does not contemplate any impacts of any synergies for PubCo following the Business Combination. Future results may vary significantly from the results reflected due to various factors . The historical financial statements of VEON Holdings have been prepared in accordance with IFRS as issued by the IASB, effective at the time of preparing the combined financial statements and applied by VEON Group, and in its presentation currency of the US Dollar (“USD” or “$”). The