AB GRIGIŠKĖS completed a LTL 10 million secondary offering of shares

In May 2013 AB GRIGIŠKĖS, with the assistance of TGS Baltic as its legal advisors, has successfully completed the secondary offering of its newly issued shares to the existing shareholders as well as other investors.

TGS Baltic partner Vidmantas Drizga and associate Mantas Gofmanas structured the transaction, drafted the prospectus, advised on issues related to admission of shares to the regulated securities market in Lithuania, represented the company before the Bank of Lithuania, AB NASDAQ OMX Vilnius and the Central Securities Depository of Lithuania as well as assisted on all other matters related to the offering and the admission of the shares to the regulated securities market.

AB GRIGIŠKĖS group is the largest paper industry company in the Baltic States. The group consists of AB GRIGIŠKĖS, AB Klaipėdos Kartonas, Mena Pak PAT, UAB Baltwood, UAB Ekotara, UAB Naujieji Verkiai, UAB AGR Prekyba, UAB Klaipėda Recycling and UAB Grigiškių Energija.

UAB FMĮ Orion Securities acted as the lead manager of the secondary offering of the shares.

TGS Baltic is a leader in the practice area of capital markets in Lithuania. Our lawyers have advised clients in nearly all of the public offerings of securities and capital raising projects carried out in Lithuania.