REG - Air Astana JSC - Increased Volume of Share/GDR Repurchase Programme

Air Astana AOAnnouncement

17/06/2024 11:45

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RNS Number : 7025S  Air Astana JSC  17 June 2024

17 June 2024

 

 

Increase of the average daily volume limit of shares/GDRs purchased in its
buyback programme

 

Almaty, Kazakhstan - Pursuant to the decision of the Board of Directors of Air
Asana JSC (the "Company") on 12 February 2024, the Company commenced on 30
April 2024 a buyback programme (the "Programme") to purchase ordinary shares
and GDRs to meet the Company's obligations arising from its employee incentive
programmes. The Company announced a maximum proposed re-purchase of up to 4
786 800 shares (in the form of shares or GDRs), which currently constitutes
approximately 1.3% of the total number of placed shares of the Company
(including those represented by GDRs), for a maximum consideration of USD 12
million (including ancillary costs).  To implement the Programme, the Company
has announced previously the engagement of Citigroup Global Markets Limited
("Citi") and JSC "Halyk Finance on an execution basis or a risk-free agency
basis, as the case may be, from time to time purchase (i) shares on the JSC
"Kazakhstan Stock Exchange" ("KASE") and the Astana International Exchange
("AIX") and (ii) GDRs on the AIX and the London Stock Exchange ("LSE") on
behalf of the Company, in accordance with the rules of the relevant exchanges
and in compliance with the applicable market abuse legislation.

 

As a result of extreme low liquidity on the KASE and AIX, and notwithstanding
full compliance with applicable market abuse legislation, the Company
announces that repurchases of shares and GDRs on the KASE and AIX pursuant to
the Programme may reach, but will not exceed, 50% of the average daily volume
of shares or GDRs, as the case may be, traded on such exchange in respect of
which a repurchase is being made. The Company continues to announce aggregated
and detailed disclosure of all repurchases made pursuant to the Programme
periodically.

 

This announcement does not constitute, or form part of, any offer or any
solicitation of an offer for securities in any jurisdiction. None of the
Company or any brokers engaged by the Company for the purposes of the
Programme or their affiliates (or their respective directors, employees,
agents or advisors) makes any recommendation as to whether or not shareholders
or holders of GDRs should sell any or all of their Shares or GDRs. The
shareholders and holders of GDRs are recommended to seek their own financial
advice regarding participation in the Programme from their broker(s),
investment manager(s), legal advisor(s), accountant(s), custodian(s) or other
appropriately authorised independent financial advisor(s). Any individual or
company whose Shares and/or GDRs are held on its behalf by a broker, dealer,
bank, custodian, trust company or other nominee must contact such entity if
they wish to take part in the Programme.

 

 

 

For further information, please visit ir.airastana.com
(https://ir.airastana.com/) or contact:

 

 Air Astana                                                                   Air Astana                                            Instinctif Partners

 Irina Martinez                                                               Bella Tormysheva                                      Joe Quinlan

 Head of Investor Relations                                                   Vice-President                                        Vivian Lai

 +7 727 258 41 36 (1682)                                                      Corporate Communications                              +44 20 7457 2020

 investor.relations@airastana.com (mailto:investor.relations@airastana.com)   +7 727 258 41 35                                      airastana@instinctif.com (mailto:airastana@instinctif.com)

                                                                              media@airastana.com (mailto:media@airastana.com)

 

About the Company

 

The Company is the largest airline group in Central Asia and the Caucasus
regions by revenue and fleet size. The Company operates a fleet of 51 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. In 2023, Air Astana was recognised eleven times in a row as the "Best
Airline in Central Asia and CIS" at the Skytrax World Airline Awards and
received a five-star rating in the major airline category by the APEX.
FlyArystan was also awarded the Skytrax Award for "Best low-cost carrier in
Central Asia and CIS" for the first time, and is one of the twelve Skytrax
4-Star low-cost airlines globally. The Company is listed on the Kazakhstan
Stock Exchange, Astana International Exchange and London Stock Exchange
(ticker symbol: AIRA).

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