TGS Baltic and Dentons Warsaw have advised AUGA group AB and shareholder Baltic Champs Group UAB on implementing a secondary public offering of shares in the company in Lithuania.
The new shares were admitted to trading on the Polish and Lithuanian regulated markets ⎯ Warsaw Stock Exchange and AB Nasdaq Vilnius ⎯ and were transferred from the Additional Trading List to the Official Trading List.
After the implementation of this secondary public offering, the company and its largest shareholder pooled a total amount of EUR 36 million. According to TGS Baltic, it was the largest secondary public offering in Lithuania and one of the rare occasions when the issuer’s shares are successfully transferred from the Additional Trading List to the Official Trading List.
The AUGA group provides organic food products and operates according to the “from field to shelf” principle.
The TGS Baltic team consisted of Partners Vidmantas Drizga and Dalia Tamasauskaite-Ziliene and Senior Associate Mantas Gofmanas.
The Dentons team included Partner Jakub Celinski, Counsel Ryszard Manteuffel, Senior Associate Piotr Kowalik, and Associate Mikolaj Chodkiewicz.