Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
Category
Other corporate action
Date
13.02.2025 18:00:08
Title
Baltic Horizon Fond plaanib lõpetada Rootsi hoidmistunnistustega kauplemise Nasdaq Stockholmi börsil
Message
Northern Horizon Capital AS on otsustanud lõpetada Rootsi hoidmistunnistuste
("SDR"-id) programmi ning alustada protsessi hoidmistunnistustega kauplemise
lõpetamiseks Nasdaq Stockholmi börsil. Kauplemise lõpetamine toimub kõige varem
2025.aasta augustis.
Otsuse põhjuseks on asjaolu, et Baltic Horizon Fondi investorite käes olevate ja
Nasdaq Stockholmi turul kaubeldavate Rootsi hoidmistunnistuste arv on oluliselt
kahanenud. 29.jaanuari 2025. a seisuga oli SDR-ide koguarv 7 902 390,
moodustades umbes 5,5% kõigist emiteeritud fondiosakutest, võrreldes 24 077 945
SDR-iga 2023. aasta 31. detsembri seisuga, mis moodustas umbes 25%.
Fondivalitsejale teadaolevalt on mitmed Rootsi investorid juba vahetanud oma
Rootsi hoidmistunnistused Eesti fondiosakuteks, mis kauplevad Nasdaq Tallinna
börsil. See omakorda on vähendanud SDR-ide likviidsust Nasdaq Stockholmi börsil
kus 2024. a jooksul toimus vaid 4,8% Baltic Horizon Fondi osakutega tehtud
tehingutest. Kokku tehti 2024. aasta jooksul Baltic Horizon Fondi osakutega
tehinguid natuke rohkem kui 15 miljoni osakuga.
Eeltoodu tõttu leiab fondivalitseja, et SDR-ide programmi lõpetamine on mõistlik
ja kõigi osakuomanike ühiste huvidega kooskõlas, võimaldades ühtlasi vähendada
fondi kulubaasi.
Northern Horizon Capital AS töötab koostöös oma Rootsi partnerite ja
nõustajatega välja detailse ajakava, tagamaks, et SDR-ide omanikel oleks
võimalik vahetada oma SDR-id Nasdaq CSD-s registreeritud fondiosakute vastu või
piisavalt aega SDR-id võõrandada. Rohkem infot protsessi kohta ja detailne
ajakava avalikustatakse investoritele lähinädalate jooksul.
Ülalkirjeldatud plaan ei mõjuta investoreid, kes omavad Nasdaq Tallinna börsil
noteeritud Baltic Horizon Fondi osakuid.
Lisainformatsiooni saamiseks palume ühendust võtta:
Tarmo Karotam
Baltic Horizon Fond, fondijuht
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=bD9rQlZLXSbypi90MBMW60AhbQ7zm6ckVJZm
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www.baltichorizon.com
(https://www.globenewswire.com/Tracker?data=OMgeFOpl4ksReI8t3iKPRntmUpk_c_goLWG2
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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.
Title
Baltic Horizon Fund plans to delist its SDR-s from Nasdaq Stockholm
Message
Northern Horizon Capital AS has decided to initiate the termination of Baltic Horizon Fund's Swedish Depositary Receipts (the ?SDR") program and delist the SDRs from Nasdaq Stockholm. The delisting is expected to take place in August 2025 at the earliest. The reason behind the decision is that the number of SDRs held by Baltic Horizon Fund investors and trading on Nasdaq Stockholm has considerably decreased. As of 29 January 2025, the total amount of SDRs was 7,902,390, amounting to approximately 5.5% of all the outstanding units, compared to 24,077,945 SDRs as of 31 December 2023, approximately 25%. According to the information available to the fund manager, many of the Baltic Horizon Fund´s Swedish investors have already converted their SDRs to Estonian fund units and, thus, can trade on Nasdaq Tallinn. This, in turn has reduced the liquidity of the SDRs on Nasdaq Stockholm, as during 2024 only 4.8 % of all the trades done with Baltic Horizon Fund units were executed on Nasdaq Stockholm. During 2024, more than 15 million Baltic Horizon Fund units were traded over the stock exchanges. Considering the above, the fund manager finds the discontinuation of the SDR programme and secondary listing on Nasdaq Stockholm to be reasonable and in the collective interests of the investors as it also enables to decrease the fund's cost base. Northern Horizon Capital AS will discuss a detailed step plan with the Swedish partners and advisors to ensure the SDR holders can convert their SDRs to fund units held in Nasdaq CSD or have sufficient time to dispose of them. More information about the process and a detailed timeline will be provided to the investors in the coming weeks. The envisaged plan has no effect on investors holding their investments in Baltic Horizon Fund units listed on Nasdaq Tallinn. For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=EIuP3pNk2kCUveN_EhiYMTbyGc_Jd4qa0hrg S6mu3FaSjUx1LVDzhwy_WbPIIgHuoQfyd6H9v1Dc0Xh- Q2g1efJ4GUPdWI3_Df7wzIrp0dINlIqR5FJScXstAo6qtP7X88vVhCrcRNZ6KoFpciPUovOFPIAkPWdG M1gUQU8kGrpWl712Bh-iKilmEj7j0DvzZ9cZMjs5K4BTGQ2BdUVkxGydOfJzfC8DXqs7aWVrJKoIC- ZdF_smoEUHst0EbPwyJFRaGYPvHAeVRJNCqGCQm2Jh39Zfml7pdDOeeDnm2S_cL3UIWjQY8PPRLbeIMi benwbGvS7VHh05eAuh5YDDxfaLJPcvJTBW6F802o_UH0qaso8MHM39motV78TF8p12P18LFt5mWAACrg e5uU_PebYgHf0JwodTmLOSpeFBABd0dYPnr-Cr-QVrKoqAMxN739w8iMOyQnIUQOz77gSeFJH_1g- GODv237Ou2jys_1iflI07UKJJz_PTk33LSXvgi6gIbCx5W2vlRC-J8U_rtKm91OGGGvWxpP- ZVnbygmDHJmBXjRLFBLsbK6trNLN6zO99Aou4n3LqC_lfQSakXuyNMTv9AxhW4oLjrjm- MkCcuyP6nfU_06MwfXP49tBZy0Eb6wgBvGLF43tDonOA6b2moComhHKmtqc5taKMyPCSzTa2IrcJcgte RGWWGE6_77rxLXRCsUunb4zV8oBvSw13hBYzliiG50i2Kt31snmuIIWVMRcpcvlhhs3XAR_gcpe68KEg sGTHoMm6gVvW1UhleMSSf2NDQlZd2V_HWgc=) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=JvCSDJNtq6Z6BwFz5L0skQX9ke9Hw- W8WzSW8rKgwhhHrLYw84HYYSp3XeUb4ChCNODTKipqhg6eLLkkbXOVUdMBuazH1AthBDmXwrI4u5t0g0 2ML6vqCMrg9mM7xUDgwpWGI0Gb9yxs6vWrStIjxZvSg6CROkw- IdP8wEHrUMZClz70N6DDHHLd6hY0kMkto1LE08dsTEDwos501loUp6gcZ8Y0T9bNQE1sXDHWc34ajFWI ptdKWwLh- Rt_jXPyz4DGu9YTVSWPza7jzqNJc1PX1Zwjqa8S41LRwo3EjGqwGZp0CRCU90xDfbCfDrGHswMUGn1xE BlpewHb9eQ-x9X8IypilXfF0-tR-Bza8FwAtNaEDacVfGiKko3tqFnB2uN4Ccrm_d0R- Fl1QHUT3eR6pMgqTbgxld0UgOecSqWRYd3MVXD5Z56XsjNyFijXCMwZbqGLWy2Y4TknX4qGyiSKMrQlb kfYcKd3CtrZgTnQNg3zoblvQfsvKJlCNathqc3fUNTb5SVHsZNBszy9du68nGrLVPFd57q94F9SkqCVK JMkuzPEKI18u6ogNH9DNabsTxKE29ep_Fi0trs- BYsY1aGgW8u86KXRw0Yaz140VAHL9_V9U427CNA9vS8n2dgQ- 8IexzYBNgfXCAJiUv09XT3680EWLJe_ssR9UvbdFK1dX_4dv713TCPYf8ai_C7OsTx4DVAF9ohPpdXsu JS_kn9xMCBGmjMAPXDCbQuVwAw81-GUJuMR12u5s7agthipWoYtHxqi3_i_nqLyXA==) The 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 (https://www.globenewswire.com/Tracker?data=OMgeFOpl4ksReI8t3iKPRntmUpk_c_goLWG2 Dx8Q5XgRf78E-ialWMzGw2RErZG8gIOaDC1P05MGCcPbfKKnwunXsCx9w3Fe4Q69zjoYuR4=) 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).