10th Mar 2026 16:18
Amedeo Air Four Plus Ltd - investment company that buys, leases and sells aircraft - Says non-binding letters of support from Weiss Asset Management, in relation to the agreed acquisition of Amedeo Air Four by LAC 10 LLC, now cover only 6.3 million shares, representing 2.4% of Amedeo's issued share capital. This is down from 14.1 million shares, or 5.4%, noted on Friday when the acquisition was announced. Notes the letters of support are for and on behalf of Brookdale Global Opportunity Fund and Brookdale International Partners LP. The support reduction follows Weiss's announcement of a reduction in its long position over Amedeo Air Four Plus shares under swaps.
On Friday last week, Amedeo Air Four Plus and LAC 10, a subsidiary of Qatar-based Lesha Bank LLC, said they had agreed an all-cash acquisition that sees Amedeo Air Four shareholders receive 73 pence in cash per Amedeo share. This deal values the company at around GBP190 million, and implies an enterprise value of GBP751 million. It is expected to become effective, pending satisfaction or waiver of the necessary conditions, during the third quarter of this year.
"The AA4+ board welcomes the offer from Lesha Bank and unanimously recommends it to AA4+ Shareholders. The transaction represents the conclusion to a detailed, comprehensive and extended strategic review process undertaken to consider alternative options and maximise value for shareholders. We believe this is the best outcome for AA4+ shareholders, delivering a premium, liquidity and certainty," said Amedeo Air Four Plus Independant Non-Executive Chair Robin Hallam on Friday.
Current stock price: 69.60 pence, up 0.3% on Tuesday afternoon in London
12-month change: up 13%
By Christopher Ward, Alliance News reporter
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