REG - Air Astana JSC - Announcement of Share and GDR Repurchase Programme

Halyk Bank AOAnnouncement

30/04/2024 08:15

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RNS Number : 4829M  Air Astana JSC  30 April 2024

30 April 2024

 

Announcement of Share and GDR Repurchase Programme

 

 

Almaty, Kazakhstan - Air Astana JSC (the "Company") announces that, pursuant
to the decision of the Board of Directors of the Company taken on 12 February
2024, it will commence a buyback programme to purchase ordinary shares of the
Company ("Shares") and global depositary receipts representing Shares ("GDRs")
(the "Programme").

 

The purpose of the Programme is to meet the Company's obligations arising from
its employee incentive programmes. For the first part of the Programme, the
Company intends to purchase up to 4 786 800 Shares (in the form of Shares
and 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). This part
of the Programme will commence on 30 April 2024 and end no later than 8
February 2025.

 

To implement the Programme, the Company has engaged JSC "Halyk Finance",
Freedom Finance JSC and Freedom Finance Global PLC to purchase, on an
execution basis only, from time to time during the Programme period (i) Shares
on the JSC "Kazakhstan Stock Exchange" and the Astana International Exchange
("AIX"); and (ii) GDRs on the AIX, on behalf of the Company. The purchases
will be executed at the prevailing market price, in accordance with the rules
of the relevant exchanges and in compliance with the applicable market abuse
legislation.

 

The Company intends to announce the results of its Programme on a regular
basis. The Company will also announce if other brokers are engaged or if the
Programme is extended to the London Stock Exchange.

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                                                             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 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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