Success for minority shareholders represented by SDZLEGAL Schindhelm in the case concerning the delisting resolution

Success for minority shareholders represented by SDZLEGAL Schindhelm in the case concerning the delisting resolution.

As part of our corporate dispute resolution practice, we represented minority shareholders in a dispute concerning the adoption of a resolution resulting in the exit of a mining company from the Stock Exchange.

During the process, we argued that the tender offer to acquire 100% of the shares - as a mandatory element of the delisting process - was flawed. We showed, among other things, that the current price, in the run-up to the company's decision to delist, did not reflect the fair value of its shares and was also exposed to unnatural fluctuations due to a lack of liquidity.

The District Court fully shared our argumentation. As a result of the measures taken, the company will still be listed, which has protected many minority shareholders from financial harm.

The case was led by Marcin Śledzikowski – PhD, attorney-at-law and Partner in charge of the corporate dispute resolution practice.

Autor: Marcin Śledzikowski