TGS Baltic advised AviaAM Leasing and its shareholders on delisting the company shares from the trading on the Warsaw Stock Exchange

19
07 / 18

TGS Baltic advised AB AviaAM Leasing and its certain shareholders on delisting the shares of the company from the trading on the regulated market on the Warsaw Stock Exchange. 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.

Thus, for the implementation of the process, additional communication and coordination of actions with competent Lithuanian and Polish authorities was also necessary. In the transaction, the company and its shareholders were represented by TGS Baltic together with international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.

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 Partner Vidmantas Drizga and Senior Associate Mantas Gofmanas were advisors to the company in this process on the issues of Lithuanian law, who 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, 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.

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. The company provides aircraft fleet management, aircraft acquisition, sale, finance and insurance consulting, engine leasing services to the airlines leasing aircraft from AviaAM Leasing. AviaAM Leasing operates in Europe, Asia, Middle East, CIS, and South-East Asia.