TGS Baltic and Dentons have advised AB AviaAM Leasing and some of its shareholders on delisting the company's shares from trading on the regulated market of the Warsaw Stock Exchange.
According to TGS Baltic, ”this is the first case of this kind when the shares of a Lithuanian issuer whose shares are traded on a foreign regulated market are delisted from it.”
AviaAM Leasing is an aviation holding company providing aircraft acquisition, sale, and leasing services. The company specializes in different haul aircraft leasing, aircraft fleet management, and aircraft trading. It operates in Europe, Asia, Middle East, CIS, and South-East Asia.
According to TGS Baltic, ”for the implementation of the process, additional communication and coordination of actions with competent Lithuanian and Polish authorities were also necessary. Furthermore, the takeover bid aimed at delisting the shares of the company from the trading on the regulated market was one of the most successful transactions of this kind recently, because during the process almost 85% of all the shareholders of the company to whom the takeover bid had been submitted sold their shares and the value of the bought-up shares exceeded EUR 10.150 million.”
TGS Baltic’s team assisted in drafting the necessary corporate documents, as well as the documents relating to the takeover bid aimed at delisting the shares of the company from the trading on the regulated market, other documents in connection with the project, and represented the company in the Bank of Lithuania and Nasdaq CSD SE Lithuanian branch for coordination of actions related to the process and proper implementation thereof.
TGS Baltic Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas worked on the project.