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Sorainen Advises Modus Group on Admission to Trading on Nasdaq Baltic First North

Sorainen Advises Modus Group on Admission to Trading on Nasdaq Baltic First North

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Sorainen has advised the Modus Group on entering the Nasdaq Baltic First North alternative market. The total nominal value of the Modus Group issue is EUR 4,999,900, with an annual interest rate of five percent. 

The Modus Group’s bond issue was publicly placed by Siauliu Bankas, and came into effect on January 5, 2018. The redemption is set for December 2020. 

Modus Group operates in the Baltics, Belarus, Poland, and Spain in such areas as renewable energy, mobility, smart parking solutions, and real estate.

Sorainen is a certified adviser to Modus Group on the First North market in Lithuania — a growth market designed for small and medium-sized companies in the Baltics. The regulatory requirements for First North are less extensive than those of the regulated market, making it easier for young companies to become publicly traded. The certified adviser’s role is to guide growth companies through the application process and to ensure that they satisfy all First North rules. 

The Sorainen team consisted of Partner Augustas Klezys, Senior Associate Dalia Augaite, and Associate Egle Mazetyte.

 

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

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