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RESULTS OF PLACING OF GDRs OF AIR ASTANA
BAE Systems (Kazakhstan) Limited has successfully placed 9,000,000 global depositary receipts of Air Astana Joint Stock Company at US$5.80 per GDR, representing approximately 10.1% of the company's outstanding shares. Following this sale, BAE Systems will retain 6,109,982 GDRs, equating to roughly 6.9% of outstanding shares, which are subject to a 90-day lock-up period. Settlement for this accelerated bookbuild placing is anticipated on December 22, 2025. Disclaimer*
About this update from Bae Systems Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), SOUTH AFRICA, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE LOCAL SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nRESULTS OF PLACING OF GLOBAL DEPOSITARY RECEIPTS OF AIR ASTANA JOINT STOCK COMPANY\n17 December 2025\nFurther to the announcement released on 16 December 2025 in relation to a proposed placing (the \"Placing\") by BAE Systems (Kazakhstan) Limited (the \"Selling Shareholder\") of global depositary receipts (the \"GDRs\") of Air Astana Joint Stock Company (the \"Company\"), each GDR representing four common shares (\"Shares\") of the Company, the Selling Shareholder today announces that it has sold an aggregate of 9,000,000 GDRs (the \"Sale GDRs\") at a price of US$ 5.80 per Sale GDR.\nThe Sale GDRs represent approximately 10.1% of the Company's outstanding Shares.\nFollowing completion of the Placing, the Selling Shareholder will continue to hold 6,109,982 GDRs, representing approximately 6.9% of the Company's outstanding Shares. These GDRs are subject to a 90-day lock-up, subject to customary exceptions.\nThe Placing was conducted through an accelerated bookbuild. Settlement of the Placing is expected to occur on 22 December 2025. 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.\n \n\n\n \nIMPORTANT NOTICES\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT 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 ...