On 6 December 2016 Northern Horizon Capital AS (the Management Company) as the management company of Baltic Horizon Fund (the Fund) announced a delay of the first trading day of Fund units on Nasdaq Stockholm until on or about 14 December 2016.
The Management Company hereby notifies that the first trading day of Fund units on Nasdaq Stockholm is further delayed and will take place no later than 23 December 2016. The hold-up is due to a delay in the registration process of the Fund units with Euroclear Sweden AB, and more specifically with establishing the necessary link between Estonian Central Registry of Securities and Euroclear Sweden AB, which is the Central Securities Depository in Sweden in order to enable listing and trading of the Fund units on Nasdaq Stockholm. The above link will be established presumably by 16 December 2016 at the latest.
Correction: The Management Company specifies that the above does not refer to establishment of a direct link between Euroclear Sweden AB and Estonian Central Registry of Depositaries, but refers to establishment of the connection between depositaries necessary to allow listing and trading of the Fund units on Nasdaq Stockholm which is established by mirroring the Fund units on Euroclear Sweden AB’s nominee account to Euroclear Sweden AB’s registry in Sweden.
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.
Distribution: GlobeNewswire, Nasdaq
This announcement contains information that the Management Company is obliged to disclose pursuant to the EU Market Abuse Regulation.