ASTANA, Kazakhstan, January 19. Kazakhstan's Air Astana JSC has reaffirmed its intention to conduct an initial public offering of its GDRs abroad (the "global offer") and a concurrent sale of shares and GDRs in Kazakhstan (the "domestic offer," and together with the global offer, the "offering"), Trend reports.
As the company noted, the offering will comprise the sale of shares and GDRs held by BAE Systems (Kazakhstan) Limited ("BAE") and Sovereign Wealth Fund Samruk-Kazyna Joint Stock Company (“SK”), in addition to new shares and GDRs issued by the company.
The company intends to apply for the admission of the GDRs to the standard listing segment of the Official List of the FCA and to trading on the main market for listed securities of the LSE (the “London Admission”), and for the admission of the shares and the GDRs to the official list of the AIX and to trading on the AIX (the “AIX Admission”).
In addition, the company has also made an application for the shares to be admitted to the “Premium” category of the “Shares” sector of the “Main” market of the KASE (Kazakhstan's Stock Exchange) and will apply for admission to trading on the KASE (the “KASE Admission”).
"On behalf of the company, I am pleased to formally disclose our intention to list Air Astana Group in the public markets. As the largest airline group in Central Asia and the Caucasus, we are certain that our industry stature, market position, and development potential make for an appealing investment opportunity. This is a crucial milestone in our long-term strategy, and we want to welcome new Kazakh and international investors as owners," Peter Foster, Air Astana Group President and CEO, said.
