Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 17

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 17
---
 for any of the Proposals. As a result, if you do not provide voting instructions, a broker “non -vote” will be deemed to have occurred for each of the Proposals. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will not be treated as votes cast. As of the Record Date, there was approximately $in the Trust Account. Each redemption of Public Shares by Public Shareholders will decrease the amount in the Trust Account. The Cohen Circle Articles do not contain a minimum net tangible asset requirement. Upon consummation of the Business Combination, VEON is expected to hold at least 80% of the equity interest and voting power in Kyivstar Group Ltd., assuming no warrants are exercised. As a result of VEON’s ownership, upon consummation of the Business Combination, Kyivstar Group Ltd. will be a “controlled company” within the meaning of the corporate governance rules of the Nasdaq. Therefore, Kyivstar Group Ltd. will have the option not to comply with certain requirements to which companies that are not controlled companies are subject, including the requirement

that a majority of its board of directors shall consist of independent directors and the requirement that its nomination committee and remuneration committee shall be composed entirely of independent directors. Therefore, Kyivstar Group Ltd.’s shareholders may not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. See the sections of the proxy statement/prospectus entitled “ Summary of the Proxy Statement / Prospectus — Emerging Growth Company; Foreign Private Issuer; Controlled Company” and “ Risk Factors — Risks Related to Being a Public Company — As a “foreign private issuer” under the rules and regulations of the SEC, Kyivstar Group Ltd. is permitted to file less or different information with the SEC than a company incorporated in the United States or otherwise subject to these rules and is permitted to follow certain home country corporate governance practices in lieu of certain Nasdaq requirements applicable to U.S. issuers.” As a foreign private issuer incorporated in Bermuda whose Kyivstar Group Ltd. Common Shares and Kyivstar Group Ltd. Warrants will be listed on the Nasdaq Stock Market LLC (“Nasdaq”), under the symbols “KYIV” and “KYIVW,” respectively, Kyivstar Group Ltd. will be permitted to follow certain Bermuda corporate governance practices in lieu of certain Nasdaq corporate governance requirements. Kyivstar Group Ltd. intends to take advantage of certain exemptions available to it