Finance • 03 October, 2018

The AIFC Exchange and Goldman Sachs structured the transaction for 108 480 shares

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Goldman Sachs (hereinafter-GS) and Astana International Exchange Ltd. (hereinafter-AIX) have jointly structured a transaction in which Goldman Sachs International (together with its affiliates, (“GS”) has subscribed for approximately 108,480 newly issued ordinary shares (the “Shares”) corresponding to 4.1 per cent. of the total issued share capital (post-money) of AIX while simultaneously entering into a 5 year put option transactions with AIFC Authority JSC (hereinafter-AIFC) to protect GS against a decline in the value of the Shares below the purchase price.

On exercise of the put option with AIFC, AIFC will purchase all of the Shares, at the original purchase price.

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