Kyivstar Group Ltd. Announces Closing of Secondary Offering of Common Shares

Core Viewpoint - Kyivstar Group Ltd. successfully closed a secondary public offering of 14,375,000 common shares at a price of USD 10.50 per share, which was over-subscribed by 5 times, indicating strong investor interest in the company [1][2]. Offering Details - The offering included the full exercise of underwriters' option to purchase an additional 1,875,000 common shares [3]. - The offering was conducted under a registration statement filed with the SEC on January 28, 2026, and was declared effective on January 29, 2026 [4]. Company Overview - Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, the leading digital operator in Ukraine, providing a wide range of connectivity and digital services [5]. - The company plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure, technological development, strategic acquisitions, and charitable donations [6]. Shareholder Information - Following the offering, VEON's ownership in Kyivstar Group Ltd. is now at 83.6% [2].