NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Secondary public offering of Baltic Horizon Fund (the Fund) units ended on 30 November 2017 15:00 (CET). In total, 12,784,768 units were subscribed (the New Units) that corresponds to gross amount of 16,960,273.23 EUR.
Northern Horizon Capital AS (the Management Company) as the management company of the Fund has decided to allocate each investor all units they subscribed for.
As a result of the offering of the New Units, the total number of Fund units will be increased by 12,784,768 units and after the New Units have been registered with the Estonian Register of Securities, the new total number of Fund units is 77,440,638.
Tarmo Karotam, the Fund’s manager: “We are pleased with the results of the offering and are aiming to strategically deploy the newly raised capital in the Baltic capitals shortly. This fourth capital-raising round shall allow the fund to grow its net assets and market capitalization above 100 million EUR. Investors who were not able to complete their subscriptions in November will have an opportunity to invest into Baltic Horizon in the future on Stockholm and Tallinn stock exchanges. The fund continues with its quarterly distribution policy for its investors.”
· On or about 1 December 2017 New Units will be registered at the Estonian Register of Securities;
· On or about 7 December 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 7 December 2017 is the first trading day on Nasdaq Tallinn;
· On or about 12 December 2017 is first trading day on Nasdaq Stockholm.
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 15:17 EET on 1 December 2017.
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.
The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, Invitation to subscribe for Offer Units is will only be made through the prospectus and only to the persons to whom the prospectus is addressed. A prospectus contains, among other things, risk factors as well as financial statements as well as other information. This release has not been approved by any regulatory authority and is not a prospectus. Accordingly, investors should not subscribe for or purchase any securities referred to in this release except on the basis of information provided in a prospectus. There shall there not be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ”Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This communication does not constitute an offer of securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ”Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as ”relevant persons”). In addition, this communication is, in any event only directed at persons who are ”qualified investors” pursuant to the Prospectus Directive (2003/71/EC, as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.