Reference is made to the press release published on 23 August 2022 in which
Northern Horizon Capital AS announced the intention to carry out a public
offering of Swedish depository receipts (the ?SDRs") directed to the holders of
the units of Baltic Horizon Fund trading on Nasdaq Stockholm ("Swedish
Investor"). In the Offering, each one (1) Unit would grant to the Swedish
Investor a right to convert it into one (1) SDR (the ?Offering"). The SDRs are
intended to be listed on Nasdaq Stockholm.
Northern Horizon Capital AS has submitted an application to delist the Units
from Nasdaq Stockholm. The Offering and consequential delisting of the Units is
ultimately a result of Euroclear Sweden AB's termination of the affiliation
agreement for keeping the Units registered with its book entry system in Sweden
following a strategic decision by Nordea Bank Abp to exit its Nordic sub-custody
business.
The timing of the delisting is depending on the Offering and the Units are
intended to be delisted at the close of the Offering. The details of the
delisting including the last day of trading, as well as intended listing of the
SDRs on Nasdaq Stockholm will be disclosed in connection with the initiation of
the Offering.
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
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8Zxj2YtxG_d2B1g-GVagW-8VU4u3DMRKTQSk8mwgwy4HUEjR6KpRqn8Sx8orUmj-q4MpAi8=)
www.baltichorizon.com
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oeyl93S8nyw2EbcBkUIVcMqyf53TKKG5tg4Ji5LPKehNTFh4_xN1DEkox8HqnI1JSndHFz07Q=)
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, www.baltichorizon.com
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