Business
Secondary Placing of GDRs in Air Astana
BAE Systems (Kazakhstan) Limited is selling 6,109,982 Air Astana Global Depositary Receipts (GDRs) at US$5.10 per GDR, representing approximately 6.86% of the company's share capital. This transaction, managed by Jefferies International Limited and WOOD & Company Financial Services, will result in the Selling Shareholder holding no further equity in Air Astana. The GDRs are being placed with institutional investors outside the United States and with qualified institutional buyers within the US. 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 \n18th March 2026\n \nPlacing of approximately 6.1 million GDRs in Air Astana by BAE Systems (Kazakhstan) Limited\nBAE Systems (Kazakhstan) Limited (the \"Selling Shareholder\") has agreed to sell 6,109,982 Global Depositary Receipts (the \"Sale GDRs\") in Air Astana Joint Stock Company (\"Air Astana\" or the \"Company\"), representing approximately 6.86% of the existing share capital of Air Astana, to a limited number of institutional investors at a price of US$5.10 per Sale GDR (the \"Placing\").\nJefferies 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.\nFollowing the Placing, the Selling Shareholder will no longer hold any GDRs or shares in the Company.\n \nJefferies\nAditi Venkatram / Oliver Berwin\n+44 (0)207 029 8000\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 144A under the US Securities Act.\nThis announcement should be read in its entirety. In particular, you should read and understand the information provided in the \"Important Notices\" section of this announcement. Persons choosing to participate in the Placing, by making an oral or written offer to acquire Sale GDRs, will be deemed to have read and understood this announcement (including the \"Important Notices\" section of this announcement).\n\n\n \nIMPORTANT NOTICES\nTHIS ANNOUNCEMENT AND THE INFORMAT...