Northern Horizon Capital AS (the Management Company) as the management company of Baltic Horizon Fund (the Fund) announced the results of the secondary public offering of the Fund units on 1 December 2016. The Management Company also informed the investors about the next key dates in the process of the secondary public offering, among others the first trading day on Nasdaq Stockholm to be on or about 8 December 2016.
The Management Company hereby gives notice of a delay. The first trading day of Fund units on Nasdaq Stockholm is expected to take place on or about 14 December 2016. The hold-up is due by a delay in the registration process of the Fund units with Euroclear Sweden AB. Registration of the units with Euroclear Sweden AB is necessary in order to list the Fund units on Nasdaq Stockholm. Nasdaq Stockholm has already on 30 November 2016 approved the listing of the Fund units on the Alternative Investment Funds market on Nasdaq Stockholm.
The Management Company further informs that the settlement of all new Fund units took place on 5 December 2016 in the course of which the units subscribed were delivered to investors’ securities accounts. The units subscribed by clients of Catella Bank S.A and Catella Bank Swedish branch were delivered to the custodian accounts of Catella Bank S.A and Catella Bank Swedish branch respectively where Catella Bank S.A and Catella Bank Swedish branch hold securities in their own name, but on account and on behalf of their clients.
Baltic Horizon Fund is a registered public closed-end real estate fund and Baltic Horizon units began trading on the Nasdaq Baltic Fund list of July 6, 2016. The company’s stock symbol (ticker) is NHCBHFFT, after listing on NASDAQ Stockholm the Fund will receive a ticker of NHCBHFFS.
The Fund is managed by the Management Company under an Alternative Investment Fund Manager license granted by the Estonian Financial Supervision Authority.