8 March 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
Partial Exercise of the Greenshoe Option
In connection with the initial public offering of Air Astana Joint Stock Company, Citigroup Global Markets Limited acting as Stabilisation Manager announces that it has partially exercised the Greenshoe Option for 654,266 GDRs of the Company out of the up to 2,128,146 option GDRs granted by BAE Systems (Kazakhstan) Limited. The purchase price of the option GDRs is U.S.$ 9.50 per GDR, equal to the offer price in the Offering, for an aggregate consideration of approximately U.S.$ 6.2 million. Settlement of the Greenshoe Option will take place on 13 March 2024.
Post-Stabilisation Period Announcement
Further to the pre-stabilisation period announcement dated 9 February 2024 and mid-stabilisation period announcement dated 15 February 2024, Citigroup Global Markets Limited (Contact: Naveen Mittel +44 20 7986 2175) hereby gives notice that, during the period covered by this announcement, stabilisation measures were carried out (within the meaning of Article 3.2.(d) of the Market Abuse Regulation (EU/596/2014), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) in relation to the offer of the following securities, as set out below.
| 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 of the Issuer, with one GDR representing an interest in four common shares. ISIN for Regulation S GDRs: US0090632078 ISIN for Rule 144A GDRs: US0090631088 |
| Offer price: | U.S.$9.50 per GDR |
| Stabilisation Manager: | |
| Name: | Citigroup Global Markets Limited, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom |
| Stabilisation: | |
| Stabilisation started: | 9 February 2024 |
| Stabilisation last occurred: | 8 March 2024 |
| Stabilisation trading venue: | London Stock Exchange (Main Market) |
| Execution Date | Quantity | Price | Price Currency | Stabilisation Trading Venue |
| 09-Feb-24 | 1,350,000 | 8.90 - 9.50 | USD | London Stock Exchange (Main Market) |
| 12-Feb-24 | 44,877 | 9.05 - 9.44 | USD | London Stock Exchange (Main Market) |
| 13-Feb-24 | 25,563 | 9.30 - 9.50 | USD | London Stock Exchange (Main Market) |
| 14-Feb-24 | 6,009 | 9.50 | USD | London Stock Exchange (Main Market) |
| 08-Mar-24 | 47,431 | 9.35 - 9.50 | USD | London Stock Exchange (Main Market) |
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.
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 in which such an offer or solicitation is unlawful.
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.
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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