Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 18

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 18
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 had no material assets and did not conduct any material activities other than those incidental to its formation, the incorporation of the Merger Sub and the Business Combination. Upon Closing of the Transactions, Kyivstar Group Ltd. became the parent of VEON Holdings B.V., which is the immediate parent of JSC Kyivstar, our main operating company, and its subsidiaries. The Kyivstar Group Ltd. Common Shares and Kyivstar Group Ltd. Warrants are listed on Nasdaq under the symbols “KYIV” and “KYIVW,” respectively. The mailing address of Kyivstar Group Ltd. is Unit 517, Level5, Index Tower, Dubai International Financial Centre (DIFC), United Arab Emirates, and the telephone number is +97 4 433 1145. The website of Kyivstar Group Ltd. is: https://investors.kyivstar.ua. The information contained on, or that may be accessed through, our website is not part of, and is not incorporated into, this prospectus. Recent Developments Closing of the Transactions On August 14, 2025 (the “Closing Date”), we consummated the previously announced business combination pursuant to the Business Combination Agreement. As of the Closing Date, the following transactions occurred pursuant to the terms of the Business Combination Agreement (collectively, the “Transactions”): •the sale from Seller to Kyivstar Group Ltd. all of the issued and outstanding equity of VEON Holdings in exchange for newly issued Kyivstar Group Ltd. Common Shares and the Seller Loan Note (the “Sale”), whereby VEON Holdings became a direct, wholly owned subsidiary of Kyivstar Group Ltd., •the merger of Merger Sub with and into Cohen Circle upon the terms and subject to the conditions set forth in the Business Combination Agreement and the Plan of Merger and in accordance with the Companies Act (As Revised) of the Cayman Islands (the “Merger”), with Cohen Circle continuing as the surviving company of the Merger and a direct, wholly owned subsidiary of Kyivstar Group Ltd. and •the other transactions contemplated by the Business Combination Agreement. Prior to Closing, a total of 5,847,015 Cohen Circle ordinary shares were redeemed for a value of approximately $60.8 million, resulting in a total of 17,152,985 Cohen Circle public ordinary shares remaining issued and outstanding as of the Closing Date. As of August 14, 2025, subsequent to Closing, there were 230,863,523 Ky