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
8075
Attachments
Submission date and time
09.06.2020 17:00:00
Content of announcement in Estonian
Title
Baltic Horizon Fondi teade osakuomanike korralise üldkoosoleku tulemuste kohta
Message
9. juunil 2020 toimus Tallinnas, Eestis Baltic Horizon Fondi osakuomanike
korralise üldkoosoleku korduskoosolek.
Korduskoosolek kutsuti kokku, sest algsel üldkoosolekul 26. mail 2020 ei tulnud
kokku vajalikku kvoorumit. Kooskõlas Baltic Horizon Fondi reeglite punktiga
10.11 on korduskoosolekul võimalik otsus vastu võtta hoolimata koosolekul
esindatud häälte arvust, kui Fondi reeglites pole kirjeldatud teisiti.
Tarmo Karotam andis ülevaate Baltic Horizon Fondi 2019.a auditeeritud
majandusaasta aruandest ning 2020.a I kvartali vahearuandest.
Osakuomanikud otsustasid kiita heaks uute Baltic Horizon Fondi osakute
väljalaskmise järgmistel tingimustel:
1. Uued osakud antakse välja hinnaga, mis vastab Baltic Horizon Fondi osaku
kaalutud keskmisele hinnale Nasdaq Tallinna börsil alates 1.jaanuarist 2020
kuni kuupäevani, mis on 7 kalendripäeva enne märkimisperioodi esimest päeva.
2. Uute osakute väljalaskmisest saadavat tulu kasutatakse kas uute
kinnisvarainvesteeringute tegemiseks turul või olemasolevate
kinnisvaraobjektide arendamiseks;
3. Uued osakuid antakse välja ühes või mitmes osas 2020.aastal, vastavalt
Northern Horizon Capital AS-i otsusele ning uute kinnisvarainvesteeringute
omandamisest või olemasolevate arendamisest tulenevale
finantseerimisvajadusele;
4. Uusi osakuid võib anda välja vastavalt Northern Horizon Capital AS-i
otsusele avaliku pakkumise raames või ka suunatud pakkumisena, s.t.
prospekti avaldamata.
Koosolekule registreerus 11 osakuomanikku, kellele kuulub 19 311 221 Baltic
Horizon Fondi osakut, mis moodustab 17,03% kogu osakute arvust. Otsuse poolt
kiita heaks Baltic Horizon Fundi uute osakute väljalaskmise tingimused 2020.
aastal hääletas 99,96% koosolekul esindatud häältest (19 303 791 häält), üks
koosolekule registreerunud osakuomanik ei osalenud hääletusel. Otsusele
vastuhääli ei antud. Seega oli otsus vastuvõetud.
Koosolekul esitatud ettekanne on lisatud teate manusena. Koosoleku protokoll
tehakse kättesaadavaks seitsme päeva jooksul Baltic Horizon Fondi kodulehekülje
vahendusel.
Lisainformatsiooni saamiseks palume kontakteeruda:
Tarmo Karotam
Baltic Horizon Fondi fondijuht
E-mail [email protected] (mailto:[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 Announces Results of Annual General Meeting
Message
A repeat Annual General Meeting of Baltic Horizon Fund investors took place on
9 June 2020 in Tallinn, Estonia.
The repeat meeting was convened as no quorum was reached at the initial Annual
General Meeting on 26 May 2020. Pursuant to section 10.11 of the Baltic Horizon
Fund rules, a repeat meeting is permitted to adopt resolutions regardless of the
number of votes represented at the meeting, unless described differently in the
Fund rules.
Tarmo Karotam delivered an overview of the FY2019 audited annual report of
Baltic Horizon Fund, and interim report of Q1 2020.
The investors resolved to approve the issue of new Baltic Horizon Fund units
during 2020 under the following conditions:
1. The new units are to be issued at a price corresponding to the year-to-date
weighted average price of Baltic Horizon Fund units on the Nasdaq Tallinn
Stock Exchange until a date preceding 7 calendar days to first day of the
subscription period.
2. Proceeds from the issuance of new units will be used either to acquire new
real estate investments on the market or for the development of existing
properties;
3. The new units will be issued at once or on several occasions in 2020, as
decided by Northern Horizon Capital AS, based on the funding needs for new
acquisitions or the development of the existing properties;
4. The new units may be issued as decided by Northern Horizon Capital AS either
by way of public offering or private placement, i.e. without publishing a
prospectus.
11 investors representing 19,311,221 Baltic Horizon Fund units and 17.03% of the
total votes registered as attending. 99.96% of the votes registered at the
Meeting voted in favour of the resolution to approve the conditions for issuance
of new units of Baltic Horizon Fund during 2020 (19,303,791 votes), one investor
did not participate at the voting. There were no votes against the resolution.
Thus, the resolution was adopted.
The presentation delivered at the meeting is attached. Minutes of the meeting
will be posted on the Baltic Horizon Fund website within seven days.
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 managed by Alternative Investment Fund Manager license holder Northern
Horizon Capital AS.
Distribution: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire,
www.baltichorizon.com