Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 366

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 366
---
ivstar Group Ltd. Board and will be disclosed in a manner consistent with the applicable rules or regulations of the SEC and Nasdaq, when applicable. Kyivstar Group Ltd. expects that 198 any substantive amendments to the Code of Business Conduct and Ethics, or any waivers of its requirements, will be disclosed in Kyivstar Group Ltd.’s annual report on Form 20 -F. Following Closing, the Code of Business Conduct and Ethics will be posted on Kyivstar Group Ltd.’s website . The information contained on, or that can be accessed through, Kyivstar Group Ltd.’s website is not part of, and is not incorporated into, this proxy statement/prospectus. Limitation on Liability and Indemnification Matters Pursuant to Kyivstar Group Ltd.’s bye -laws, Kyivstar Group Ltd. will indemnify and hold harmless its directors and senior managers from and against all actions, costs, charges, liabilities, losses, damages and expenses in connection with any act done, concurred in or omitted in the execution of its business, or their duty, or supposed duty, or in their respective offices or trusts, to the extent authorized by law. The foregoing indemnity will not apply (and any funds advanced will be required to be repaid) with respect to a director or officer if any allegation of fraud or dishonesty is proved against such director or officer. Kyivstar Group Ltd. also intends to enter into separate indemnification agreements with its directors and senior managers pursuant to which Kyivstar Group Ltd. will agree to indemnify each of them within substantially the same scope as provided in the Kyivstar Group Ltd. bye -laws. Risk Oversight Upon the Closing of the Business Combination, one of the key functions of the Kyivstar Group Ltd. Board will be informed oversight of Kyivstar Group Ltd.’s risk management process. The Kyivstar Group Ltd. Board does not anticipate having a standing risk management committee, but rather anticipates administering this oversight function directly through the Kyivstar Group Ltd. Board as a whole, as well as through various standing committees of the Kyivstar Group Ltd. Board that address risks inherent in their respective areas of oversight. In particular, the Kyivstar Group Ltd. Board will be responsible for monitoring and assessing strategic risk exposure, and Kyivstar Group Ltd.’s audit committee will have the responsibility to consider and discuss Kyivstar Group Ltd.’s major financial risk exposures and the steps its management will take to monitor and control such exposures,