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Guernsey home to another aircraft leasing LSE IPO

21 May 2015

Guernsey-incorporated Amedeo Air Four Plus has successfully completed its Initial Public Offering (IPO) on the Specialist Fund Market of the London Stock Exchange (LSE) with 202 million shares of the company trading at an issue price of 100p per share.

Amedeo Air Four Plus is a newly formed aircraft acquisition and leasing investment company with plans to purchase aircraft assets of approximately US$1.7 billion by the end of 2015.

A corporate team from Carey Olsen's Guernsey office - led by Partner Ben Morgan and supported by Senior Associate John Scanlan and Associate Alex Wilson - advised on the Guernsey legal aspects of the transaction.

The team acted alongside Herbert Smith Freehills, who advised on the placing and admission to the LSE, and Norton Rose Fulbright who acted in respect of the financing. Independent investment management and advisory firm Nimrod Capital LLP acted as the company's placing agent and will be the long-term corporate and shareholder adviser.

This transaction follows the launch of three previous successful aircraft funds placed by Nimrod Capital LLP.

Nimrod Capital LLP has a strong track record of advising and raising funds for investment companies. This is their tenth listing since April 2008.

Advocate Morgan said: "Guernsey continues to be the jurisdiction of choice for non-UK companies listed on the London Stock Exchange and Carey Olsen's expertise has proven valuable in this IPO. This is an exciting project offering institutional investors the opportunity for long-term investment in a listed company specialising in aircraft acquisition and leasing."

The Guernsey administrator and company secretary is JTC, the Guernsey-based registrar is Anson Registrars and the auditors are Deloitte in Guernsey.

Paul Duquemin, Managing Director of JTC's Guernsey office, commented: "One of our key strengths is our experience and capability in administering listed investment structures and we are delighted to have once again been chosen by Nimrod Capital and the company as their administrator. We administer three other aircraft structures and this latest listing builds further upon our long standing relationship with Nimrod. It also further demonstrates Guernsey's position as the domicile of choice for non-UK companies listing on the LSE."

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