Core Viewpoint - VEON Ltd. and Cohen Circle Acquisition Corp. I have successfully completed a business combination, resulting in the establishment of Kyivstar Group Ltd. as a U.S.-listed company, marking it as the first pure-play Ukrainian investment opportunity on U.S. stock markets [1][2][4] Group 1: Business Combination Details - The business combination was approved by Cohen Circle's shareholders on August 12, 2025, with only 25.4% of Class A ordinary shares redeeming, leading to transaction proceeds of USD 178 million [3] - Following the business combination, VEON holds an 89.6% stake in Kyivstar Group Ltd., which will trade on Nasdaq under the ticker symbols "KYIV" and "KYIVW" starting August 15, 2025 [2][4] Group 2: Company Overview - Kyivstar is Ukraine's leading digital operator, serving nearly 23 million mobile customers and 1.1 million fixed connectivity customers, with a diverse portfolio including digital healthcare, entertainment streaming, and ride-hailing services [6][10] - The company plans to launch satellite-powered Direct to Cell services in Q4 2025, enhancing connectivity across Ukraine [7] Group 3: Investment and Growth Strategy - VEON and Kyivstar Group intend to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, and strategic acquisitions [10] - Kyivstar's growth strategy emphasizes robust execution, strong growth, and a commitment to rebuilding Ukraine, appealing to international investors seeking high-growth opportunities [4][5]