Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Announcement of General Meeting
Unique data record identifier
11327
Attachments
Submission date and time
15.07.2024 16:30:00
Content of announcement in Estonian
Title
Baltic Horizon Fondi korduskoosoleku kokkukutsumise teade
Message
2. juulil 2024 toimus Tallinnas, Eestis, Baltic Horizon Fondi osakuomanike ja
Rootsi hoidmistunnistuse (edaspidi ?SDR") omanike (edaspidi koos ?investorid")
erakorraline üldkoosolek (edaspidi ?Üldkoosolek"). Nagu emitent oma
2.juuli 2024 börsiteates teavitas, ei olnud koosolekul esindatud vajalikku arvu
hääli ning investorid ei saanud vastu võtta päevakorras olnud otsust. Kooskõlas
fondi reeglite punktiga 10.11 kutsub fondivalitseja Northern Horizon Capital AS
käesolevaga kokku uue üldkoosoleku, sama päevakorraga.
Uus üldkoosolek toimub 6. augustil 2024.a algusega kell 14:00 (kohaliku Eesti
aja järgi). Koosolek toimub Northern Horizon Capital AS kontoris asukohaga
Hobujaama 5, 5. korrus, 10151 Tallinn, Eesti. Koosolekule registreerimine algab
kell 13:30. Üldkoosolek toimub inglise keeles.
Üldkoosolek kutsutakse kokku juhindudes Baltic Horizon Fondi reeglite punktidest
8.3, 8.7, 10.3.1, 10.4, 10.6 ja 10.11 ning investeerimisfondide seaduse
paragrahvi 47 lõikest 1 ja paragrahvi 55 lõikest 9.
Pakume üldkoosoleku jälgimiseks võimaluse osaleda üldkoosolekut kajastaval
veebiseminaril 6. augustil 2023.a kell 14:00. Investoritel on võimalik oma
õiguste teostamiseks anda hääletusjuhisega volikiri. Pakume võimalust kaaluda
esindajaks määrata fondijuht Tarmo Karotam (juhised selleks on toodud allpool
ning lisas 1).
Veebiseminaril osalemiseks palume teil registreerida järgneva lingi kaudu:
https://nasdaq.zoom.us/webinar/register/WN_92bcS3TsQH2FeVE_qQYKrQ
Teile saadetakse link ning juhised veebiseminariga liitumiseks. Veebiseminar
salvestatakse ning on kõigile kättesaadav meie veebilehelt www.baltichorizon.com
(http://www.baltichorizon.com).
Baltic Horizon Fondi osakute ja häälte koguarv on 119,635,429.
Päevakord
1. Uute Baltic Horizon Fondi osakute väljaandmine suunatud pakkumise teel
aastal 2024 Baltic Horizon Fondi bilansi tugevdamiseks.
Palume investoritel saata päevakorra punktidega seotud küsimused ja märkused
fondijuhi e-maili aadressile [email protected]
(mailto:[email protected]) hiljemalt 31. juulil 2024.a. Northern Horizon
Capital AS vastab küsimustele ja märkustele esimesel võimalusel kuid hiljemalt
üldkoosoleku ajal.
Õigus üldkoosolekul osalemiseks ja teavitus osalemisest
Üldkoosolekul osalemiseks on õigustatud investor, kelle nimel on Baltic Horizon
Fondi osakuomanike Nasdaq CSD SE poolt peetavas registris registreeritud Baltic
Horizon Fondi osakuid või Euroclear Sweden AB registris SDR-e 10 päeva enne
üldkoosoleku toimumist, s.o 26. juuli 2024.a Nasdaq CSD SE tööpäeva lõpu
seisuga.
Üldkoosolekul sujuva registreerimise protsessi toimimise huvides palume
investoritel, kes hoiavad osakuid enda nimel, teavitada oma üldkoosolekul
osalemise soovist e-maili aadressile [email protected]
(mailto:[email protected]) hiljemalt 31. juulil 2024.a. Teavitus peab
sisaldama investori nime, isikukoodi (juriidilise isiku puhul registrikoodi),
aadressi ja esindatud osakute arvu; samuti, juhul kui see on asjakohane,
üldkoosolekul osaleva esindaja informatsiooni koos tema nime ja isikukoodiga.
Üldkoosolekul esindaja osalemine ei välista ka investori enda osalemist
üldkoosolekul.
Juhised Euroclear Sweden AB, Rootsi süsteemis registreeritud SDR-ide omanikele
OLULINE UUS NÕUE: SDR omanikud, kelle hoidmistunnistused on registreeritud
Euroclear Sweden AB registris panga või mõne muu esindajakonto kaudu, on
kohustatud teavitama panka või esindajakonto pakkujat 26. juuliks 2024, et pank
või esindaja konto pakkuja lisaks ajutiselt isiku nime Euroclear Sweden AB
omanike registrisse.
Palume SDR-ide omanikel teavitada oma üldkoosolekul osalemisest e-posti
aadressil [email protected] (mailto:[email protected]) hiljemalt 31.
juulil 2024.a kell 16:00 Eesti aja järgi. Teavitus peab sisaldama investori
nime, isikukoodi (juriidilise isiku puhul registrikoodi), aadressi ja esindatud
osakute arvu; samuti, juhul kui see on asjakohane, Üldkoosolekul osaleva
esindaja informatsiooni koos tema nime ja isikukoodiga. Üldkoosolekul esindaja
osalemine ei välista ka investori enda osalemist Üldkoosolekul.
Volikirja alusel esindamine
Palume investoritel, keda esindatakse Üldkoosolekul volikirja alusel, esitada
selleks kirjalik volikiri eesti või inglise keeles (käesoleva teate lisaks nr 1
on volikirja näidis).
Volikirja koopia tuleb saata e-posti aadressile [email protected]
(mailto:[email protected]) koos teavitusega soovist üldkoosolekul osaleda.
Juhul kui volikirja on andud juriidiline isik, tuleb esitada ka kinnitatud
koopia registrikaardist või sellega võrdsest dokumendist ja kui asjakohane, siis
ka kinnitatud koopia dokumendist, mis tõendab volikirja allkirjastanud isiku
esindusõigust.
Kuivõrd Baltic Horizon Fond on registreeritud Eestis, juhime tähelepanu, et
teatud juhtudel võib olla vajalik volikirja ja juriidilise isiku registrikaardi
notariaalne või apostilliga kinnitamine (näiteks kohaldub apostilliga
kinnitamise nõue Soomes ja Rootsis välja antud notariaalselt kinnitatud
volikirjadele).
Instruktsioonid Üldkoosoleku päevaks
Palume Üldkoosolekul osalejatel olla valmis esitama isikut tõendav dokument
(pass või ID kaart) ning esindaja puhul ka esindusõiguse aluseks oleva volikirja
originaaldokument eesti või inglise keeles. Juhul kui investor on juriidiline
isik, palume esitada eesti- või inglisekeelsed dokumendid, mis tõendavad
investori esindamise õigust ja kui asjakohane, siis volikirja allkirjastanud
isiku esindusõigust.
Northern Horizon Capital AS kasutab volikirjade ja Nasdaq CSD SE poolt peetava
osakuomanike registri ning Euroclear Sweden AB, Rootsi süsteemis registreeritud
SDR-ide omanike kohta kogutud teavet Üldkoosolekule registreerimiseks.
Northern Horizon Capital AS ettepanekud päevakorrapunktide kohta
1. Uute Baltic Horizon Fondi osakute väljaandmine suunatud pakkumise teel
aastal 2024 Baltic Horizon Fondi bilansi tugevdamiseks
Northern Horizon Capital AS-i ettepanek on, et üldkoosolek otsustab välja lasta
uusi Baltic Horizon Fondi osakuid järgmistel tingimustel:
a. Uued osakud antakse välja hinnaga, mis vastab Baltic Horizon Fondi osaku 90
päeva kaalutud keskmisele hinnale Nasdaq Tallinna börsil, sealhulgas ja
arvutatuna börsipäeval, mis eelneb märkimisperioodi esimesele päevale;
b. Uute osakute väljalaskmisest saadavat tulu kasutatakse investeeringuteks
olemasolevatesse kinnisvaraobjektidesse ja/või Baltic Horizon Fondi
portfelli finantsvõimenduse vähendamiseks;
c. Uued osakuid antakse välja ühes või mitmes osas 2024.aastal, vastavalt
Northern Horizon Capital AS-i otsusele ning Baltic Horizon Fondi
finantseerimisvajadustele;
d. Uued osakud antakse välja suunatud pakkumise raames, s.t. avalikku pakkumist
ei korraldata ning prospekti ei registreerita. Uued osakud esindavad 12-
kuulise perioodi jooksul vähem kui 20 % Baltic Horizon Fondi juba
kauplemisele võetud osakute arvust.
Lisa 1:
1. Volikirja näidis üldkoosolekul investorite õiguste teostamiseks (eesti
keeles)
2. Volikirja näidis üldkoosolekul investorite õiguste teostamiseks (inglise
keeles)
Lisainformatsiooni saamiseks palume ühendust võtta:
Tarmo Karotam
Baltic Horizon Fond, fondijuht
E-mail [email protected]
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www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=OMgeFOpl4ksReI8t3iKPRntmUpk_c_goLWG2
Dx8Q5Xgzf-iGuk40H-
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Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond,
mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS.
Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq
Stockholm, www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=OMgeFOpl4ksReI8t3iKPRntmUpk_c_goLWG2
Dx8Q5XgRf78E-ialWMzGw2RErZG8gIOaDC1P05MGCcPbfKKnwunXsCx9w3Fe4Q69zjoYuR4=)
Saamaks börsiteateid ning uudiseid Baltic Horizon Fondilt tema projektide,
plaanide ja muu kohta, registreeruge aadressil www.baltichorizon.com
(https://www.baltichorizon.com/et/). Samuti on teil võimalik Baltic Horizon
Fondi jälgida aadressil www.baltichorizon.com
(https://www.baltichorizon.com/et/) ning LinkedIn
(https://www.linkedin.com/company/baltic-horizon/), Facebook
(https://www.facebook.com/baltichorizon), X (https://twitter.com/BalticHorizon)
ja YouTube (https://www.youtube.com/@baltichorizon/featured) keskkondades.
Content of announcement in English
Title
Baltic Horizon Fund general meeting of investors and a notice to convene a new general meeting of investors
Message
Extraordinary General Meeting (hereinafter the "General Meeting") of Baltic
Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the "SDR")
holders (hereinafter together the "Investors") took place on 2 July 2024 in
Tallinn, Estonia. As announced to the market on 2 July 2024, the quorum was not
reached and investors were not able to adopt the proposed resolution. According
to section 10.11 of the rules of the fund, the management company Northern
Horizon Capital AS convenes a new general meeting, with the same agenda.
The new general meeting of Baltic Horizon Fund is to be held on 6 August 2024 at
14:00 (local Estonian time) at the office of Northern Horizon Capital AS at
Hobujaama 5, 5th floor, 10151 Tallinn, Estonia. Registration for the meeting
will begin at 13:30. The general meeting will be held in English.
The meeting is convened in accordance with sections
8.3, 8.7, 10.3.1, 10.4, 10.6 and 10.11 of the Rules of Baltic Horizon Fund and
sections 47-1 and 55-9 of the Investment Funds Act of Estonia.
Investors are invited to join the webinar to view the General Meeting online on
6 August 2024 at 14:00. Investors are invited to issue a power of attorney with
instructions for voting to exercise their rights as an Investor. We propose the
Investors to consider designating fund manager Tarmo Karotam as their authorised
representative (please see instructions below and templates at Annex 1).
To join the webinar, please register via the following link:
https://nasdaq.zoom.us/webinar/register/WN_92bcS3TsQH2FeVE_qQYKrQ
You will be provided with the webinar link and instructions how to join
successfully. The webinar will be recorded and available online for everyone at
the company's website on www.baltichorizon.com (http://www.baltichorizon.com).
The total number of units and votes in Baltic Horizon Fund amounts to
119,635,429.
Agenda
1. Resolution on the issuance of new units by way of private placement in 2024
in order to strengthen the balance sheet of Baltic Horizon Fund.
Investors are invited to send questions and comments on the agenda to the Baltic
Horizon fund manager at [email protected] (mailto:Tarmo.Karotam@nh-
cap.com) by 31 July 2024. Northern Horizon Capital AS responds to questions and
comments as quickly as possible, but no later than at the general meeting.
Participation - requirements and notice
Investors who are entered in the Baltic Horizon Fund registry of unit-holders
maintained by Nasdaq CSD SE and holders of SDRs registered in the Euroclear
Sweden AB system ten days before the date of the General Meeting, i.e. at the
end of business of Nasdaq CSD SE on 26 July 2024, are entitled to participate in
the meeting.
In order to facilitate the registration process, investors whose units are
registered in their own name are invited to provide notice of their attendance
by 31 July 2024 to [email protected] (mailto:[email protected]). Notice
should include name, personal identification number (or the registration number
of the legal person), address, number of units represented and, if applicable
attendance of any representatives, along with the name and personal
identification number of the representatives. The attendance of a representative
does not deprive the unit-holder of the right to participate at the meeting.
Instructions to holders of Baltic Horizon Fund SDRs registered with Euroclear
Sweden AB in Sweden
IMPORTANT NEW REQUIREMENT: SDR holders whose SDR-s are registered with Euroclear
Sweden AB via a bank or other nominee are required to notify their bank or
nominee account provider by 26 July 2024 to temporarily add their name on the
Euroclear Sweden AB owner register.
Notice of participation should be sent by 16:00 EET on 31 July 2024 to
[email protected] (mailto:[email protected]). Notice should include
name, personal identification number (or the registration number of the legal
person), address, number of units represented and, if applicable, attendance of
any representatives, along with the name and personal identification number of
the representatives. The attendance of a representative does not deprive the
Investor of the right to participate at the meeting.
Representation under a power of attorney
Investors whose representatives are acting under a power of attorney are
requested to prepare a written power of attorney for the representative in
Estonian or English (templates can be found at Annex 1).
A copy of the executed power of attorney should be sent to [email protected]
(mailto:[email protected]) together with the notice of participation. In
case the power of attorney is issued by a legal person, a certified copy of the
registration certificate (or equivalent certificate of authority) shall also be
submitted together with, as applicable, the documents certifying the authority
of the representative in case the power of attorney is signed by a person under
a power of attorney.
Baltic Horizon Fund is registered in Estonia, which means that any power of
attorney (or any certified copy of the registration certificate of a legal
person) issued in a foreign country should be notarised and accompanied by an
apostille. The apostille requirement applies, for example, to powers of attorney
issued and notarised in Sweden or Finland.
Instructions for the day of the General Meeting
We kindly ask Investors to bring a personal identification document, and for
their representatives also to present the original written power of attorney in
English or Estonian. In case the Investor is a legal person, documentation in
Estonian or English certifying the authority of the Investor's representative or
the signatory of the power of attorney will also be requested.
Data collected by Northern Horizon Capital AS from powers of attorney, the
unitholders registry maintained by Nasdaq CSD SE, and the list of holders of
SDRs registered in the Euroclear Sweden AB system will be used for the purpose
of registration and preparing the voting list for the meeting.
Northern Horizon Capital AS proposals on the agenda items
1. Resolution on the issuance of new units by way of private placement in 2024
in order to strengthen the balance sheet of Baltic Horizon Fund
Northern Horizon Capital AS proposes that the General Meeting resolves to issue
new Baltic Horizon Fund units under the following conditions:
a. The new units are to be issued at a price corresponding to the weighted
average price of Baltic Horizon Fund units on the Nasdaq Tallinn Stock
Exchange during the past 90 days, calculated on and including the trading
day preceding to the first day of the subscription period;
b. Proceeds from the issuance of new units will be used for investments into
existing real estate properties and/or to deleverage Baltic Horizon Fund´s
portfolio;
c. The new units will be issued at once or on several occasions during 2024, as
decided by Northern Horizon Capital AS, based on the funding needs of Baltic
Horizon Fund;
d. The new units will be issued by way of private placement, i.e. no public
offering will be made and no prospectus registered. The new units to be
issued represent, over a period of 12 months, less than 20 % of the number
of Baltic Horizon Fund units already admitted to trading.
Annex 1:
Form of power of attorney to appoint a representative for the general meeting
(in Estonian)
Form of power of attorney to appoint a representative for the general meeting
(in English)
For additional information, please contact:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
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www.baltichorizon.com
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Baltic Horizon Fund is a registered contractual public closed-end real estate
fund managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS. Both the Fund and the Management Company are supervised by
the Estonian Financial Supervision Authority.
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To receive Nasdaq announcements and news from Baltic Horizon Fund about its
projects, plans and more, register on www.baltichorizon.com
(https://www.baltichorizon.com/). You can also follow Baltic Horizon Fund
on www.baltichorizon.com (https://www.baltichorizon.com/) and on LinkedIn
(https://www.linkedin.com/company/baltic-horizon/), Facebook
(https://www.facebook.com/baltichorizon), X (https://twitter.com/BalticHorizon)
and YouTube (https://www.youtube.com/@baltichorizon/featured).