/KASE, April 30, 2024/ – Air Astana JSC (Almaty), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release dated April 30, 2024:
quote
Air Astana JSC (hereinafter – the "Company") announces that, in accordance
with the decision of the Board of Directors of the Company dated February 12,
2024, it will begin a program for the repurchase of common shares of the
Company (hereinafter – the "Shares") and global depositary receipts,
representing the Shares (hereinafter – the "GDRs") (hereinafter – the
"Program").
The purpose of the Program is to fulfill the Company's obligations arising from
its employee bonus programs. As part of the first part of the Program, the
Company intends to purchase up to 4,786,800 Shares (in the form of Shares and
GDRs), which currently represents approximately 1.3 % of the total number of
issued Shares of the Company (including Shares, the rights to which are
certified by GDRs), for a total amount not exceeding US$12 million (including
associated costs). The first part of the Program will begin on April 30, 2024
and end no later than February 8, 2025.
To implement the Program, the Company hired Halyk Finance JSC, Freedom
Finance JSC and Freedom Finance Global PLC for the purchase (on the terms of
execution of orders), from time to time during the period of the Program (i) of
the Shares on Kazakhstan Stock Exchange JSC and the International Stock
Exchange Astana ("AIX"); and (ii) of the GDRs on AIX, on behalf of the
Company. Purchases will be made at the prevailing market price, in accordance
with the rules of the relevant exchanges and in compliance with the requirements
of applicable laws regarding the prevention of abuse on the securities market.
The Company intends to regularly announce the results of the Program
implementation. The Company will also advise, if other brokers are involved or
if the program is extended to the London Stock Exchange.
unquote
The full version of the press release is available on:
-
https://kase.kz/files/emitters/AIRA/aira_relizs_300424_kz_1.pdf – in Qazaq;
-
https://kase.kz/files/emitters/AIRA/aira_relizs_300424_None.pdf – in Russian.
[2024-04-30]