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
Other price sensitive information
Unique data record identifier
6090
Submission date and time
09.05.2017 08:00:00
Content of announcement in Estonian
Title
Baltic Horizon Fond täiendavate osakute avaliku pakkumise teade
Message
Northern Horizon Capital AS (Fondivalitseja) kui Baltic Horizon Fond (Fond) fondivalitseja korraldab kuni 15,108,000 uue osaku (Pakkumise Osakud) täiendava avaliku pakkumise. Fondi uute osakute arv võib suureneda veel 22,662,000 võrra, s.t. kuni 37,770,000 uue osakuni, kui Fondivalitseja otsustab kasutada suurendamise võimalust (inglise keeles upsizing option). Pakkumisest saadavat tulu plaanitakse kasutada Fondi investeerimisplaanis sisalduvate Baltikumi pealinnades asuvate rahavooge genereerivate ärikinnisvara objektide omandamiseks ja nagu täiendavalt kirjeldatud prospektis. Fondivalitseja plaanib noteerida Pakkumise Osakud nii Nasdaq Tallinna börsil kui ka Nasdaq Stockholmi börsil. Pakkumine koosneb pakkumisest jaeinvestoritele Eestis, Rootsis, Soomes ja Taanis ja pakkumisest institutsionaalsetele investoritele teatud Euroopa Majanduspiirkonna riikides. Pakkumise Osakute pakkumise aluseks on Finantsinspektsiooni poolt 8. mail 2017 registreeritud ingliskeelne osakute avaliku pakkumise ja noteerimisprospekt (Prospekt), koos selle eesti, soome, rootsi ja taani keelsete kokkuvõtetega, mis on elektrooniliselt kättesaadavad Fondi koduleheküljel www.baltichorizon.com. Investor võib paluda prospekti ja selle kokkuvõtte saatmist elektrooniliselt tema poolt antud e-posti aadressile, saates e-kirja aadressil [email protected], samuti prospekti ja selle kokkuvõtte paberkandjal üleandmist Fondivalitseja aadressil Tornimäe 2, 10145, Tallinn, saates selle kohta e-kirja [email protected]. Ülevaade pakkumise olulistest tingimustest: 1. Märkimisperiood, mille jooksul on võimalik Pakkumise Osakuid märkida, algab 9. mail 2017 kell 10:00 ning lõppeb 31. mail kell 16:00 (mõlemad Eesti aja järgi). Kesk-Euroopa järgi on nimetatud kellaajad vastavalt 09:00 ja 15:00. 2. Osakute märkimiseks tuleb võtta ühendust Swedbank AB, LHV Pank AS-i või Catella Bank S.A.-ga ning registreerida osakute ostmiseks ostukorraldus vastavalt Swedbank AB, LHV Pank AS-i või Catella Bank S.A. poolt ettenähtud vormis. Jaeinvestor, kes soovib esitada ostukorralduse Eestis, peaks selleks ühendust võtma oma Eesti Väärtpaberite Keskregistris avatud väärtpaberikonto halduriga. 3. Pakkumise hind on 1.3220 EUR osaku kohta, mis on võrdne Fondi osaku puhasväärtusega 30. aprilli 2017.a seisuga. Märkida saab täisarvu osakuid ning iga ostukorralduse miinimumarv on 200 osakut. 4. Fondil on üks klass osakuid ja Pakkumise Osakud kuuluvad samasse klassi. 5. Investor, kes soovib märkida Pakkumise Osakuid, millega saab kaubelda Nasdaq Tallinna börsil, peavad omama väärtpaberikontot Eesti Väärtpaberite Keskregistri juures. Investor, kes soovib märkida osakuid, millega on võimalik kaubelda Nasdaq Stockholmi börsil peavad omama väärtpaberikontot (VP-konto) või kontot kontohalduri juures (värdepappersdepå) Rootsi panga või investeerimisühingu juures (üksnes Euroclear Sweden AB poolt hoitavate osakutega saab kaubelda Nasdaq Stockholmi börsil). Täpsema ülevaate saamiseks Fondist ja pakkumise tingimustest palume tutvuda Prospektiga. OLULISED KUUPÄEVAD · 9. mail 2017 algab märkimisperiood; · 31. mail 2017 märkimisperiood lõpeb; · hiljemalt 1. juunil 2017 otsustab Fondivalitseja Pakkumise Osakute jaotamise; · eeldatavalt 5. juunil 2017 kantakse osakud investorite või nende nimel tegutseva isiku väärtpaberikontodele iga investori poolt märgitud osakute ostuhinna makse vastu; · eeldatavalt 5. juunil 2017 või sellele lähedasel kuupäeval noteeritakse Pakkumise Osakud Nasdaq Tallinna börsil; · eeldatavalt 9. juunil 2017 või sellele lähedasel kuupäeval on Pakkumise Osakute esimene kauplemispäev Nasdaq Stockholmi börsil. Lisainformatsioon: Tarmo Karotam Baltic Horizon Fund, fondijuht E-mail [email protected] www.baltichorizon.com Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Nii Fondi kui ka Fondivalitseja üle teostab järelevalvet Finantsinspektsioon. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com Käesolev teade sisaldab informatsiooni, mille Fondivalitseja on kohustatud avaldama Euroopa Liidu turukurvitarvituse määruse kohaselt. Informatsioon esitati avaldamiseks 8. mail 2017 kell 23:32 Eesti aja järgi ülalmainitud avaldamiskanalite esindajatele.
Content of announcement in English
Title
Baltic Horizon Fund secondary public offering of units
Message
Northern Horizon Capital AS (the Management Company) as the management company of Baltic Horizon Fund (the Fund) announces the offering of 15,108,000 new units of the Fund (the Offer Units. The number of new Fund units may increase further by 22,662,000, i.e. up to 37,770,000) in case the Management Company decides to use the upsizing option. Proceeds from the offering will be used to acquire cash flow-generating commercial properties in the Baltic capital cities comprising the Fund’s investment pipeline and as further described in the prospectus. The offering consists of offering to retail investors in Estonia, Sweden, Finland and Denmark and of offering to institutional investors in selected European Economic Area jurisdictions. The Management Company plans to list the Offer Units both on Nasdaq Tallinn and on Nasdaq Stockholm. The offering of Offer Units is based on prospectus for public offering and listing of units, registered by the Estonian Financial Supervision Authority on 8 May 2017 (the Prospectus), together with its summaries in the Estonian, Finnish, Swedish and Danish languages that are electronically available on the website of the Fund www.baltichorizon.com. An investor may ask the Management Company to send the prospectus together with its summary electronically by e-mail request to [email protected]. Delivery of a hard copy of the prospectus and its summary at the location of the Management Company, at Tornimäe 2, 10145, Tallinn can be requested by sending an e-mail to [email protected] as well. Overview of the key terms of the offering: 1. The subscription period, during which it is possible to subscribe for Offer Units, commences at 10:00 on 9 May 2017 and ends at 16:00 on 31 May 2017 (Estonian time). In CET time zone, the relevant times of day are 09:00 and 15:00. 2. In order to subscribe for Offer Units, an investor should contact Swedbank AB, LHV Pank AS or Catella Bank S.A and register a transaction instruction for the purchase of units in the form as set out by Swedbank AB, LHV Pank AS or Catella Bank S.A respectively. Retail investors wishing to subscribe for units in Estonia should contact a custodian that operates such investors’ securities account at the Estonian Central Registry of Securities. 3. The Offer Price for unit is EUR 1.3220 which is equal to the NAV of the unit of the Fund as at 30 April 2017. Purchase orders can only be submitted for a full number of units and the minimum amount of a purchase order is 200 units. 4. The Fund has one class of units and the Offer Units are from the same class. 5. In order to receive Offer Units subject to trading on Nasdaq Tallinn, the investor is required to have a securities account with the Estonian Central Registry of Securities. In order to receive Offer Units subject to trading on Nasdaq Stockholm, the investor is required to have a securities account (VP-konto) or a custodian account (värdepappersdepå) with a Swedish bank or investment firm (only Fund units held with Euroclear Sweden are subject to trading on Nasdaq Stockholm). For a more detailed overview of the Fund and terms of the offering, please refer to the Prospectus. KEY DATES · on 9 May 2017 the subscription period commences; · on 31 May 2017 the subscription period ends; · on 1 June 2017 the latest the Management Company will decide on the allocation of Offer Units; · on or about 5 June 2017 the allocated units will be transferred to the securities accounts of the investors or persons acting on their behalf against payment for the number of units subscribed for by each investor; · on or about 5 June 2017 Offer Units will be admitted to trading on Nasdaq Tallinn; · on or about 9 June 2017 Offer Units will start trading on Nasdaq Stockholm. Additional information: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] www.baltichorizon.com 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. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority. Distribution: Nasdaq, GlobeNewswire, www.baltichorizon.com This announcement contains information that the Management Company is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above distributors, at 23:32 EEST on 8 May 2017.