Teate vaade
Ettevõte Baltic Horizon Fund / Northern Horizon Capital AS
Tüüp Korraldatud teave
Kategooria Muud korporatiivtoimingud
Avaldamise aeg 14 mai 2019 16:30:00 +0300
Keel English
Pealkiri Baltic Horizon Fund closes private placement of units
Northern  Horizon Capital AS, the management company of Baltic Horizon Fond, has
closed  its private placement raising aggregate proceeds of EUR 0.8 million. The
private  placement  was  aimed  at  institutional  investors  in the Baltics and
subscription date was 13 May 2019.

The  new units  to be  issued represent  less than  20% of the  number of Baltic
Horizon  Fund units  already admitted  to trading  (over a period of 12 months),
therefore  Northern  Horizon  Capital  AS  intends  to  issue  627,974 new units
corresponding to a gross value of EUR 0.8 million. The proceeds will be used for
new investments into real estate properties.

The  issue price of the new units will be EUR 1.3197 calculated according to the
procedure adopted at the general meeting of unit-holders on 19 February 2019 and
will be equal to the weighted average price of units on the Nasdaq Tallinn Stock
Exchange for the 90 day period between 12 February 2019 and 12 May 2019.

As  a result of the new issue of  units, the total number of Baltic Horizon Fund
units  registered  in  the  Estonian  Register  of Securities will increase from
97,336,070 to 97,964,044.

Northern  Horizon Capital AS intends to list the new units on the Nasdaq Tallinn
Stock  Exchange, with the first  trading day expected to  be on or around 20 May

For additional information, please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com (mailto:tarmo.karotam@nh-cap.com)
www.baltichorizon.com (http://www.baltichorizon.com)

Baltic  Horizon Fund is  a registered contractual  public closed-end real estate
fund  that  is  managed  by  Alternative  Investment Fund Manager license holder
Northern Horizon Capital AS.

Distribution:     GlobeNewswire,     Nasdaq     Tallinn,    Nasdaq    Stockholm,