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 corporate action
Unique data record identifier
7250
Submission date and time
30.04.2019 17:45:00
Content of announcement in Estonian
Title
Baltic Horizon Fond viib lõpule osakute mitteavaliku pakkumise
Message
Baltic Horizon Fondi fondivalitseja Northern Horizon Capital AS on lõpetanud uute osakute mitteavaliku pakkumise, kaasates 4.1 miljonit eurot. Suunatud pakkumise kavatsusest teavitati 25.veebruaril 2019. Pakkumine oli suunatud Balti riikide institutsionaalsetele investoritele ja märkimine viidi läbi 29.aprillil 2019. Väljaantavad osakud esindavad vähem kui 20% Baltic Horizon Fondi juba kauplemisele võetud osakute arvust (12 kuulise perioodi jooksul), seega kavatseb Northern Horizon Capital AS välja anda 3,139,873 uut osakut, mis vastab 4.1 miljonile eurole. Saadavat tulu kasutatakse uuteks investeeringuteks kinnisvaraobjektidesse. Uued osakud antakse välja hinnaga 1.3160 eurot osaku kohta, arvutatuna Baltic Horizon Fondi osakuomanike 19.veebruaril 2019 üldkoosolekul vastu võetud otsuse kohaselt, mis võrdub osaku 90 päeva kaalutud keskmisele hinnale Nasdaq Tallinna börsil ajavahemikus 29.jaanuarist 2019 kuni 28.aprillini 2019. Uute osakute väljalaskmise tulemusena suureneb Baltic Horizon Fondi osakute koguarv Eesti väärtpaberite registris 94,196,197 osakult 97,336,070 osakuni. Northern Horizon Capital AS kavatseb uued osakud noteerida Nasdaq Tallinna börsil, esimeseks kauplemispäevaks on 6.mai 2019 või sellele lähedane päev. Lisainformatsiooni saamiseks palume kontakteeruda: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] (mailto:[email protected]) www.baltichorizon.com (http://www.baltichorizon.com) 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
Content of announcement in English
Title
Baltic Horizon Fund closes private placement of units
Message
Northern Horizon Capital AS, the management company of Baltic Horizon Fond, has closed its private placement raising aggregate proceeds of EUR 4.1 million. Intention to carry out the private placement was announced on 25 February 2019. The private placement was aimed at institutional investors in the Baltics and subscription date was 29 April 2019. The new units to be issued represent less than 20% of the number of Baltic Horizon Fund units already admitted to trading (over a period of 12 months), therefore Northern Horizon Capital AS intends to issue 3,139,873 new units corresponding to a gross value of EUR 4.1 million. The proceeds will be used for new investments into real estate properties. The issue price of the new units will be EUR 1.3160 calculated according to the procedure adopted at the general meeting of unit-holders on 19 February 2019 and will be equal to the weighted average price of units on the Nasdaq Tallinn Stock Exchange for the 90 day period between 29 January 2019 and 28 April 2019. As a result of the new issue of units, the total number of Baltic Horizon Fund units registered in the Estonian Register of Securities will increase from 94,196,197 to 97,336,070. Northern Horizon Capital AS intends to list the new units on the Nasdaq Tallinn Stock Exchange, with the first trading day expected to be on or around 6 May 2019. For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (mailto:[email protected]) (mailto:[email protected])www.baltichorizon.com (http://www.baltichorizon.com) 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