Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 444

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 444
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 of Morgan Lewis reviewed the proposed transaction documentation and answered questions from the Cohen Circle Board. Following review and discussion, the Business Combination Agreement and the other transaction documents and agreements related thereto were unanimously approved by the Cohen Circle Board, subject to final negotiations and modifications, and the Cohen Circle Board determined to recommend the approval of the Business Combination Agreement to the Cohen Circle shareholders. On March 18, 2025, Cohen Circle, VEON Holdings and certain other parties thereto finalized and executed the Business Combination Agreement. In connection with the execution of the Business Combination Agreement, Cohen Circle and VEON and certain other parties thereto executed the Support Agreement, and the Sponsor, Cantor, Cohen Circle’s underwriter, and certain other parties executed the SPAC Support Agreement and the Sponsor Agreement. Before the market opened on March 18, 2025, the parties issued a press release publicly announcing the transaction together with the execution of the Business Combination Agreement. On June24, 2025, Cohen Circle, VEON Holdings and certain other parties thereto finalized and executed an amendment to the Business Combination Agreement to, among other things, (A) update the size of the board of directors to not less than five (5) and not more than eleven (11) directors, with one director designated by Cohen Circle and up to ten (10) directors designated by VEON Amsterdam B.V. and (B) agree that the long -termequity incentive plan will be adopted as soon as practicable following the Closing. 247 Reasons for Cohen Circle Board’s Approval of the Business Combination The Cohen Circle Board met telephonically on March 15, 2025 to, among other things, discuss a potential business combination with VEON Holdings, and, unanimously determined that the Business Combination Agreement, the Business Combination and the transactions contemplated thereby are advisable and in the best interest of Cohen Circle and its shareholders and resolved to recommend that Cohen Circle’s shareholders vote to adopt and approve the Business Combination and the Business Combination Agreement and the transactions contemplated thereby. In making its decision, the Cohen Circle Board considered a range of factors, including, but not limited to, the factors discussed below. Prior to reaching the decision to approve the Business Combination Agreement, the Cohen Circle Board consulted with management, as well as with its legal and financial advisors. In making its determination with respect to the Transaction, the Cohen Circle Board also considered the financial analysis undertaken by Northland, its financial advisor in connection with the Transaction. Northland presented to the Cohen Circle Board its written opinion dated March