REG - Citigroup Global Mkt Air Astana JSC - Air Astana / Pre-Stabilisation Notice

BAE SystemsAnnouncement

09/02/2024 08:15

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RNS Number : 6276C  Citigroup Global Markets Limited  09 February 2024

Pre-stabilisation notice

 

9 February 2024

 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

Air Astana Joint Stock Company

 

Pre-Stabilisation Notice

 

Citigroup Global Markets Limited (Contact: Naveen Mittel +44 20 7986 2175)
hereby gives notice that the Stabilising Manager named below and its
affiliates may stabilise the offer of the following securities in accordance
with the UK FCA Stabilisation Binding Technical Standards.

 Securities:
 Issuer:                                                                    Air Astana Joint Stock Company
 Guarantor (if any):                                                        N/A
 Aggregate nominal amount:                                                  Global Depositary Receipts ("GDRs") are denominated in U.S.$ with no nominal
                                                                            or par value.

                                                                            The offering size is 14,187,643 GDRs, excluding the over-allotment option.
 Description:                                                               GDRs representing common shares ("Shares") of the Issuer, with one GDR
                                                                            representing an interest in four Shares.

                                                                            ISIN for Regulation S GDRs: US0090632078

                                                                            ISIN for Rule 144A GDRs: US0090631088
 Offer price:                                                               U.S.$ 9.50 per GDR
 Other offer terms:                                                         The offering also includes an additional 7,533,109 GDRs to be sold on AIX
                                                                            (Astana International Exchange) and 60,393,877 Shares to be sold on AIX and
                                                                            KASE (Kazakhstan Stock Exchange).
 Stabilisation:
 Stabilising Manager:                                                       Citigroup Global Markets Limited, Citigroup Centre, Canada Square, Canary
                                                                            Wharf, London E14 5LB, United Kingdom
 Stabilisation period expected to start on:                                 9 February 2024 (with respect to Regulation S GDRs) and 14 February 2024 (with
                                                                            respect to Rule 144A GDRs)
 Stabilisation period expected to end no later than:                        8 March 2024 (30 days after the proposed issue date of the securities)
 Existence, maximum size and conditions of use of over-allotment facility:  The Stabilising Manager may over-allot the securities to the extent permitted
                                                                            in accordance with applicable law.

                                                                            BAE Systems (Kazakhstan) Limited has granted to the Stabilising Manager the
                                                                            over-allotment option, pursuant to which the Stabilising Manager may purchase
                                                                            additional GDRs up to a maximum of 2,128,146 GDRs. The over-allotment option
                                                                            may be exercised in full or in part at any time during the stabilisation
                                                                            period.
 Stabilisation trading venue:                                               London Stock Exchange

 

In connection with the offer of the above securities, the Stabilising Manager
may over-allot the securities or effect transactions with a view to supporting
the market price of the securities during the stabilisation period at a level
higher than that which might otherwise prevail. However, stabilisation may not
necessarily occur and any stabilisation action, if begun, may cease at any
time. Any stabilisation action or over-allotment shall be conducted in
accordance with all applicable laws and rules.

 

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction. No reliance may
be placed by any person for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness.

 

This announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United Kingdom.

 

If and to the extent that this announcement is communicated in, or the offer
of the securities to which it relates is made in, any EEA Member State before
the publication of a prospectus in relation to the securities which has been
approved by the competent authority in that Member State in accordance with
Regulation (EU) 2017/1129 (the "Prospectus Regulation") (or which has been
approved by a competent authority in another Member State and notified to the
competent authority that Member State in accordance with the Prospectus
Regulation), this announcement and the offer are only addressed to and
directed at persons in that Member State who are qualified investors within
the meaning of the Prospectus Regulation (or who are other persons to whom the
offer may lawfully be addressed) and must not be acted on or relied on by
other persons in that Member State.

 

If and to the extent that this announcement is communicated in, or the offer
of the securities to which it relates is made in, the UK before the
publication of a prospectus in relation to the securities which has been
approved by the competent authority in the UK in accordance with Regulation
(EU) 2017/1129 as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), this
announcement and the offer are only addressed to and directed at persons in
the UK who are qualified investors within the meaning of the UK Prospectus
Regulation (or who are other persons to whom the offer may lawfully be
addressed) and must not be acted on or relied on by other persons in the UK.

 

This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration. There
will be no public offer of securities in the United States.

 

 

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