Air Astana initiates share buyback programme

LONDON: Air Astana JSC has announced the launch of a share buyback programme, approved by its Board of Directors on February 12, 2024. The programme aims to acquire up to 4,786,800 ordinary shares and global depositary receipts (GDRs), representing about 1.3% of the company’s total issued shares, with a budget of USD 12 million. This initiative, starting on April 30, 2024, and ending by February 8, 2025, is designed to fulfill obligations under employee incentive schemes.

The company has appointed JSC “Halyk Finance”, Freedom Finance JSC, and Freedom Finance Global PLC for the execution-only purchase of shares and GDRs on the Kazakhstan Stock Exchange and the Astana International Exchange. Market compliance and regular updates on the programme’s progress will be provided, with potential expansion to the London Stock Exchange.

Air Astana advises shareholders and GDR holders to consult financial advisors regarding their participation in the programme. The announcement is not an offer or solicitation for securities sales.

Air Astana Group plans IPO on London Stock Exchange