Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 447

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 447
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 the Business Combination Agreement (the “Business Combination Agreement”) to Morgan Lewis. Between January 30, 2025 and March 18, 2025, Morgan Lewis and Latham exchanged revised drafts of the Business Combination Agreement, the disclosure schedules to the Business Combination Agreement, the SPAC Support Agreement, Sponsor Agreement and the Seller Lock -UpAgreement, and engaged in negotiations of such documents and agreements. Specifically, Latham circulated an initial draft of the Sponsor Agreement on February 21, 2025, and the Seller Lock -UpAgreement on March 14, 2025 and Morgan Lewis circulated an initial draft of the SPAC Support Agreement on February 25, 2025. Representatives from Morgan Lewis, Latham, Cohen Circle and VEON Holdings held numerous conference calls between February 20, 2025 and March 18, 2025 regarding certain terms and conditions of the Business Combination Agreement and the other transaction documents related thereto, including, among other things, (a) the overall suite of representations, warranties and covenants to be provided by each party thereunder, (b) the ability of the parties to take certain actions during the interim period without the prior approval of the other party, (c) certain provisions related to potential sanctions matters and each party’s covenants and rights related to the same; (d) an adjustment to the equity value ascribed to VEON Holdings as a result of changes in Kyivstar’s cash balance; and (e) other covenants and conditions included in the Business Combination Agreement and the Transaction Documents to effect the transactions. On February 25, 2025, Cohen Circle conducted a call with the Cohen Circle Board to review VEON Holdings’ business, review Northland’s qualifications as a fairness opinion provider and to approve Northland’s appointment as the fairness opinion provider. All directors were present on the call, as were Ms. Abrams and Mr. Jagota. From January 31, 2025 to March 10, 2025, representatives of VEON Holdings, VEON Group, Cohen Circle and Rothschild & Co conducted sessions to discuss, review and revise an investor presentation with respect to the transaction. On March 13, 2025, the VEON Ltd. board met in Dubai and approved the Business Combination Agreement. Present at the meeting were all directors of VEON Ltd. On March 15, 2025, the Cohen Circle Board met and approved the Business Combination Agreement. Present at the meeting were all directors, representatives