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
6215
Submission date and time
31.07.2017 21:45:00
Content of announcement in Estonian
Title
Baltic Horizon Fond lõpetas turutegemise lepingu Orion Securities UAB’ga
Message
Northern Horizon Capital AS kui Baltic Horizon Fondi (Fond) fondivalitseja informeerib turutegemise lepingu lõpetamisest Orion Securities UAB-ga. Lepingu kehtivuse viimane päev on 31. juuli 2017. Turutegemise leping sõlmiti 2016. a. augustis pärast Fondi osakute esmast avalikku pakkumist eesmärgiga suurendada Fondi osakute likviidsust Nasdaq Tallinna börsil. Fondivalitseja lõpetas lepingu, kuna Fondi osakute täiendavate avalike pakkumiste tulemusena on Fondi investorite hulk ning osakute kauplemise aktiivsus kasvanud ning seetõttu ei ole vajalik kahe turutegijaga Tallinna börsil jätkata. Turutegemise lepingud Swedbank AS-iga likviidsuse pakkumiseks Nasdaq Tallinna turul ja Mangold Fondkimission AB-ga likviidsuse pakkumiseks Nasdaq Stockholmi turul on jätkuvalt kehtivad. 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
Content of announcement in English
Title
Baltic Horizon Fund terminated the market making agreement with Orion Securities UAB
Message
Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) informs about termination of the market making agreement with Orion Securities UAB. The last date of validity of the agreement is 31 July 2017. The market making agreement was concluded in August 2016 after the initial public offering of Fund units with the aim to increase liquidity for Fund units on Nasdaq Tallinn exchange. Termination of the agreement was initiated by the management company since as a result of the secondary public offerings both the number of Fund’s investors and the trading activity of Fund units have increased and it is thus not necessary to maintain two market makers for Nasdaq Tallinn exchange. Market making agreements with Swedbank AS to provide liquidity on Nasdaq Tallinn exchange and with Mangold Fondkomission AB to provide liquidity on Nasdaq Stockholm exchange remain valid. 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