Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 83

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 83
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 Shares, which may be volatile or may decline regardless of Kyivstar Group Ltd.’s operating performance; •risks related to Kyivstar Group Ltd.’s status as a foreign private issuer, including that Kyivstar Group Ltd. will follow certain home country governance practices rather than the corporate governance requirements of Nasdaq; •risks related to Kyivstar Group Ltd.’s status as an emerging growth company, including reduced public company reporting requirements; and •risks related to Kyivstar Group Ltd.’s status as a “controlled company” within the meaning of the Nasdaq rules, and as a result of VEON’s majority ownership and voting power, VEON will continue to have significant influence over Kyivstar Group Ltd., which could limit your ability to influence the outcome of key transactions, including a change of control. Summary Historical Combined Financial Information of Kyivstar Group Prior to the Business Combination The following table shows summary historical financial information of Kyivstar Group for the periods and as of the dates indicated. The summary historical financial information of Kyivstar Group and its subsidiaries as of March31, 2025 and for the three months ended March31, 2025 and 2024 were derived from the unaudited condensed combined financial statements of VEON Holdings B.V. included elsewhere in this proxy statement/prospectus. The summary historical financial information of Kyivstar Group as of December 31, 2024 and 2023 and for the years ended December 31, 2024 and 2023 were derived from the audited combined financial statements of VEON Holdings B.V. included elsewhere in this proxy statement/prospectus. All amounts reflected below are in U.S. dollars. The following summary historical financial information should be read together with the financial statements and accompanying notes and “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this proxy statement/prospectus. The summary historical financial information in this section is not intended to replace VEON Holdings B.V.’s financial statements and the related notes. Kyivstar Group’s historical results are not indicative of the combined company’s future results. As explained elsewhere in this proxy statement/prospectus, the financial information contained in this section relates to Kyivstar Group, prior to and without giving pro forma effect to the impact of the Business Combination and, as a result, the results reflected in this section may not be indicative of the results of the combined entity following the Business Combination. See the sections entitled “ Summary to