Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 403

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 403
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 and LLC “UKRAINIAN INVESTMENT PLATFORM”, representing 26.9% ownership together with other minority stakeholders representing 1.1% ownership in Helsi, negotiated an agreement to buy out the ownership stake of these parties for US$ 11. Simultaneously the parties also terminated the existing put and call option agreements to the extent representing the stake of these parties, resulting in partial derecognition of the put option liability. At the same time Kyivstar agreed to terms with the remaining 2.01% shareholders based on the terms of the originally entered put and call option agreement. Share capital On July 8, 2025, the Company increased its authorized share capital by US$ 654,300to US$ 2,654,300. Immediately following the share capital increase, the Company’s authorized share capital consists of US$ 2,654,300, divided into 265,430,000common shares, par value US$ 0.01per share. Completion of Business Combination Agreement On July 10, 2025, VEON and Cohen Circle announced the execution of non -redemptionagreements (“NRAs”), totaling approximately US$ 52.5with accredited institutional investors, securing the minimum US$ 50cash condition for the proposed Business Combination Agreement. On August 12, 2025, the shareholders of CC voted to approve and adopt the Business Combination Agreement and to approve and authorize CC to merge with Varna Merger Sub. In connection with the vote to approve the Business Combination Agreement and the SPAC Merger, holders of 5,847,015shares of CC Class A Ordinary Shares exercised their right to redeem their shares for cash at a redemption price of approximately US$ 10.40per share, for a total aggregate redemption amount of US$ 61resulting in a total of 17,152,985Cohen Circle public ordinary shares remaining issued and outstanding as of the Closing Date. On August 14, 2025, the Company consummated the Business Combination Agreement (the “Closing”). In connection with the Business Combination Agreement, the Company acquired all of the issued and outstanding shares of VEON Holdings B.V. from VEON Amsterdam B.V. in exchange for 206,942,440newly issued Kyivstar Group Ltd. Common Shares and a Loan Note Payable in the amount of US$ 178. Further, on August 14, 2025, Varna Merger Sub merged with F-137 Kyivstar