/KASE, March 14, 2025/ – Air Astana JSC (KASE ticker – AIRA) has announced
the following:
quote
March 14, 2025
Air Astana JSC (the "Company" and, together with its subsidiary FlyArystan, the
"Group") announces that, pursuant to the decision of the Board of Directors of
the Company taken on 13 March 2025, it will resume its buyback programme to
purchase ordinary shares of the Company ("Shares") and global depositary
receipts representing Shares ("GDRs") (the "Programme").
As earlier, the purpose of the Programme is to meet the Company’s obligations
under its long-term employee incentive programmes. Over the next two years,
the Company intends to purchase up to 1,706,408 Shares (in the form of Shares
and/or GDRs), which currently constitutes approximately 0.7% of the total
number of placed Shares of the Company (including the shares previously
repurchased in 2024 (and further distributed to employees as intended) and
including those represented by GDRs), for a maximum consideration of up to
USD 5 million (including ancillary costs). This part of the Programme will
commence on 14 March 2025 and will end no later than February 2027.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/AIRA/aira_relizs__140325_1kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/AIRA/aira_relizs_140325_1_rs.pdf
Full version of the press release in English –
https://kase.kz/files/emitters/AIRA/aira_relizs__140325_1en.pdf
[2025-03-14]