Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 204

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 204
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 be a performance award, retention award or deferred bonus award); (ii)whether the award shall be a nil or nominal cost -option, conditional share award or phantom cash award; (iii)the number and/or value of shares over which an award is granted; (iv)the date on which the award will normally vest and (in the case of options) become exercisable; (v)any objective criteria (including performance conditions) that will apply to any award; (vi)whether shares acquired on vesting or exercise shall be subject to a holding period; (vii)if a dividend equivalent (or similar) shall accrue and become payable on vested shares; (viii) the application of any malus and clawback provisions; and, (ix)the treatment of awards held by participants who cease to be employed or provide services to the Kyivstar Group Ltd. group of companies and on a takeover or change of control (or other similar event) of Kyivstar Group Ltd. The equity incentive plan initially reserves a number of Kyivstar Group Ltd. Common Shares equal to three percent (3%) of the total number of Kyivstar Group Ltd. Common Shares that were outstanding (on a fully diluted basis), as of prior to the Closing. In accordance with Kyivstar Group Ltd.’s Policy for Recovery of Erroneously Awarded Compensation adopted concurrently with the listing of the Kyivstar Group Ltd. Common Shares on Nasdaq, Kyivstar Group Ltd. is required to recover any portion of any LTIP award granted in excess of the LTIP award that would have been granted based on a restated financial reporting measure. To the extent that any existing VEON Holdings equity incentive plan entitles the management of Kyivstar Group Ltd. to receive awards, the existing equity incentive plan will remain valid. 124 DESCRIPTION OF SECURITIES The following summary of the material terms of our securities is not intended to be a complete summary of the rights and preferences of such securities, and is qualified by reference to our Memorandum of Association and our Bye -Laws , each of which is an exhibit to the registration statement of which this prospectus is a part. We urge you to read the applicable provisions of Bermuda, our Memorandum of Association and our Bye -Laws carefully and in their entirety for a complete description of the rights and preferences of our securities. General Kyivstar Group Ltd. is an exempted company limited by shares, incorporated under the Companies Act on March 7, 2025.