Kyivstar Announces Pricing of Secondary Offering of Common Shares Held by VEON

Core Viewpoint - VEON Ltd. announced the pricing of a public offering of 12,100,000 common shares held by VEON Amsterdam B.V. and 400,000 common shares from other selling shareholders at a price of USD 10.50 per share, with an additional option for underwriters to purchase up to 1,875,000 shares [1][2] Group 1: Offering Details - The public offering is set to close on February 2, 2026, pending customary closing conditions [2] - The offering is being managed by Morgan Stanley, Barclays, Cantor, and Rothschild & Co as joint book-running managers, with Benchmark, StoneX Company, and Northland Capital Markets as co-managers [2] Group 2: Company Background - VEON is a digital operator providing connectivity and digital services to nearly 150 million connectivity users and over 140 million digital users across five countries [5] - Kyivstar Group Ltd. operates as Ukraine's leading digital operator, offering a range of services including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions [6] Group 3: Investment Plans - Together with VEON, Kyivstar plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on social investments in infrastructure, technological development, charitable donations, and strategic acquisitions [7]