Company: KYIV
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077507
Chunk: 7

Company: Kyivstar Group Ltd.
Filing Date: 2025-08-15
Form: 20-F
Item: Item 7
Chunk 7
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Item 7.  Major Shareholders and Related Party Transactions
 A. Major Shareholders
 
The following table sets forth information relating to the beneficial ownership of PubCo’s common shares as of the Closing Date by:
 

●   each person, or group of affiliated persons, known by us to beneficially own more than 5% of outstanding
                                                 common shares;                                             
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●   each of our directors;
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●   each of our named executive officers; and
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●   all of our directors and executive officers as a group.
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7

 

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. Except as described in the footnotes below and subject to applicable community property laws and similar laws, we believe that each person listed above has sole voting and investment power with respect to such shares.
 
The percentage of PubCo’s common shares beneficially owned is computed on the basis of 230,863,523 common shares issued and outstanding on the Closing Date, after giving effect to the Transactions. The following table does not reflect record of beneficial ownership of any common shares issuable upon exercise of PubCo’s warrants outstanding on the Closing Date.
 
Unless otherwise indicated, we believe that all persons named in the table below have sole voting and investment power with respect to the voting securities beneficially owned by them.
 

                          Beneficial Owners                                   Number of           Percentage of all Common     
                                                                            Common Shares                  Shares              
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Directors and Executive Officers                                                                                               
Betsy Z. Cohen(1)                                                                   6,010,353                           2.6   %
Augie K. Fabela II(2)                                                                  33,000                             *    
All PubCo directors and executive officers as a group (12 individuals)              6,043,353                           2.6   %
Other 5% Shareholders                                                                                                          
VEON Amsterdam B.V.(3)                                                            206,942,440                          89.6   %

*   Indicates beneficial ownership of less than one percent (1%) of the total outstanding common shares.
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(1)                 Based on information provided to PubCo, such PubCo common shares are held directly by Cohen Circle Sponsor             
      I, LLC (3,894,665 PubCo common shares