Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 439

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 439
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 team employed various strategies to identify an appropriate target company, including: •Contacting investment banks that might be working with companies looking for exits or funding. •Contacting private equity and venture capital investment firms that might have portfolio companies they are looking to exit. •Caucusing Cohen Circle’s officers and directors, as well as their affiliates, for target business candidates of which they become aware through their contacts. •Conducting research in order to find companies that might be looking for funding or a sale. In addition, following the Cohen Circle IPO, Cohen Circle retained certain consultants and professional advisors to provide assistance in operations matters, including in the areas of due diligence and transaction execution. From the date of the Cohen Circle IPO through the signing of the LOI (as defined below) with VEON Holdings in January 2025, Betsy Z. Cohen, the Chairman of the Cohen Circle Board and Chief Executive Officer, and each of Daniel Cohen, Amanda Abrams, Jeff Blomstrom and Mehar Jagota, advisors to Cohen Circle, reviewed target companies identified by representatives of Cohen Circle and its financial advisors. During the same period, representatives of Cohen Circle also contacted, and were contacted by, several representatives of potential target companies with respect to business combination opportunities. On October 25, 2024, representatives of Rothschild & Co US Inc. (“Rothschild & Co”), financial advisor to VEON Ltd. (“VEON”) contacted Ms. Abrams and Mr. Jagota to discuss Cohen Circle’s interest in combination with VEON Holdings. On October 29, 2024, Cohen Circle executed a non -disclosureagreement with an affiliate of VEON Holdings and VEON Group and subsequently representatives of Rothschild & Co and Cohen Circle met telephonically to discuss a potential transaction structure as well as VEON Holdings’ business, strategy, capital needs and potential opportunities of growth. In November of 2024, Ms. Cohen, Mr. Cohen, Ms. Abrams, Mr. Jagota, Mr. Blomstrom and Max Smeal, Cohen Circle’s Chief Financial Officer, met with certain members of VEON Holdings’ management team, including Oleksandr Komarov, Chief Executive Officer of JSC Kyivstar, and Boris Dolgushin, Chief Financial Officer of JSC Kyivstar, to discuss the VEON Holdings’ business and strategy in further detail. On or about such date, Cohen Circle began its formal due diligence review of VEON Holdings, with representatives of Cohen Circle receiving access to a data room