REG - Air Astana JSC - Completion of First Phase of Buyback and Vesting

Air Astana AOAnnouncement

18/02/2025 07:15

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RNS Number : 4146X  Air Astana JSC  18 February 2025

18 February 2025

Completion of First Phase of Buyback Programme

 

Vesting of Employee Shares and GDRs

 

Almaty, Kazakhstan - On 30 April 2024, Air Astana JSC (the "Company")
commenced a buyback programme to purchase ordinary shares of the Company
("Shares") and global depositary receipts representing Shares ("GDRs") (the
"Programme") in order to meet the Company's obligations arising from its
employee incentive programmes.

 

In the first part of the Programme, which has now concluded, the Company
purchased in total 4,638,555 Shares (3,263,423 share and 343,783 GDRs
(representing 1,375,132 Shares)) for a total consideration of USD 8.2M. First
vesting of shares and GDRs to employees was on 17 February 2025.

 

The insiders are within the closed period until the announcement of the
Company's 2024 Annual Results scheduled on 14 March 2025.

 

For more information, please contact:

 Air Astana Group
 Irina Martinez (Head of Investor Relations)              investor.relations@airastana.com (mailto:investor.relations@airastana.com)

 Vigo Consulting (IR and PR Adviser to Air Astana Group)  airastana@vigoconsulting.com (mailto:airastana@vigoconsulting.com)
 Tim McCall                                               +44 20 7390 0230

 

About the Air Astana Group

Air Astana Group is the largest airline group in Central Asia and the Caucasus
regions by revenue and fleet size. The Company operates a fleet of 58 aircraft
split between Air Astana, its full-service airline that operated its inaugural
flight in 2002, and FlyArystan, its low-cost airline established in 2019. The
Company provides scheduled, point-to-point and transit, short-haul and
long-haul air travel and cargo on domestic, regional and international routes
across Central Asia, the Caucasus, the Far East, the Middle East, India and
Europe. Air Astana was recognised by SkyTrax as the Best Airline in Central
Asia & CIS twelve times and received the Best Airline Staff Service in
Central Asia & CIS award eight times in a row. FlyArystan was recognised
as the Best Low-Cost Carrier in Central Asia & CIS at the SkyTrax awards
twice. Additionally, Air Astana was awarded a five-star rating in the major
airline category by the Airline Passenger Experience Association (APEX). The
Company is listed on the Kazakhstan Stock Exchange, Astana International
Exchange and London Stock Exchange (ticker symbol: AIRA).

 

 

 

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