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PROPOSED OFFERING OF GDRs OF AIR ASTANA
BAE Systems (Kazakhstan) Limited, the selling shareholder, announced its intention to sell global depositary receipts (GDRs) representing approximately 8% of Air Astana Joint Stock Company's outstanding shares through an accelerated bookbuild process. The selling shareholder currently holds GDRs representing about 16.95% of the company's shares, and the remaining GDRs will be subject to a 90-day lock-up post-sale. The offering is being made to eligible institutional investors outside the United States and to qualified institutional buyers within the US, with Jefferies International Limited and WOOD & Company Financial Services acting as managers. Disclaimer*
About this update from Bae Systems Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), SOUTH AFRICA, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE LOCAL SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nPROPOSED OFFERING OF GLOBAL DEPOSITARY RECEIPTS OF AIR ASTANA JOINT STOCK COMPANY\n16 December 2025\nBAE Systems (Kazakhstan) Limited (the \"Selling Shareholder\") today announces that it intends to sell global depositary receipts (the \"Sale GDRs\") of Air Astana Joint Stock Company (the \"Company\") which in aggregate represent approximately 8% of the Company's outstanding common shares (\"Shares\"), with each global depositary receipt of the Company (\"GDR\") representing four Shares.\nThe Sale GDRs will be offered by way of an accelerated bookbuild process (the \"Placing\"), which will be launched immediately following this announcement, and will be made available to eligible institutional investors. Jefferies International Limited (\"Jefferies\") is acting as sole global coordinator and joint bookrunner, and WOOD & Company Financial Services, a.s. (\"WOOD & Company\", and together with Jefferies, the \"Managers\") as joint bookrunner, in connection with the Placing.\nThe final number and allocation of Sale GDRs will be agreed by the Selling Shareholder and the Managers at the close of the bookbuild and the result will be announced as soon as practicable thereafter.\nThe Selling Shareholder currently holds GDRs representing in aggregate approximately 16.95% of the Company's outstanding Shares. Following completion of the Placing, the remaining GDRs held by the Selling Shareholder will be subject to a 90-day lock-up, subject to customary exceptions.\nThe Placing is being made to institutional investors outside the United States in accordance with Regulation S of the US Securities Act of 1933, as amended (the \"US Securities Act\") and to qualified institutional buyers (\"QIBs\") in the United States within the meaning of, and pursuant to, Rule...