Invitation to the Extraordinary General Meeting
At the request of a unitholder representing over 1/10 of all votes, Northern Horizon Capital AS warmly invites all Baltic Horizon Fund unit-holders, alongside holders of Swedish Depositary Receipts (SDRs), collectively known as "Investors," to participate in a significant General Meeting of the Baltic Horizon Fund. This important gathering is scheduled for 27 March 2025 at 14:00 local time. It will take place at the Northern Horizon Capital AS office.
The registration process for this meeting starts at 13:00 and it will be conducted in English.
Meeting Logistics and Guidelines
The meeting is organized as per the established rules, ensuring compliance with section 47-1 of the Investment Funds Act of Estonia. The total number of units available in the Baltic Horizon Fund stands at 143,562,514 votes, offering a broad representation for the upcoming discussions.
Investors can also opt to join the General Meeting via a webinar, allowing them to view proceedings online. Detailed instructions for joining will be shared upon registration. The webinar, which will be accessible to all investors, will also be recorded and made available on the company’s website.
Agenda Proposed by Unitholders
The agenda for the meeting includes several significant items that require attention and decision-making:
- Electing Andrius Smaliukas to the supervisory board, commencing from 1 May 2025 for a term of two years.
- Electing Milda Dargužait? as a new board member effective from 1 May 2025 for a duration of two years.
- Electing Antanas Anskaitis to the supervisory board starting 1 May 2025 for a term of two years.
- Remuneration for the supervisory board chairman to be set at EUR 36,000 per calendar year.
- Supervisory board members' compensation, other than the chairman, set at EUR 11,000 per year.
- Recalling Reimo Hammerberg, Monica Hammer, and David Bergendahl from the supervisory board, effective 30 April 2025.
Participation Guidelines
Only Investors listed in the Baltic Horizon Fund registry, maintained by Nasdaq CSD SE, and SDR holders registered with Euroclear Sweden AB ten days before the General Meeting, will have the right to attend. For those listed directly under their name, notifying attendance by 24 March 2025 to the company is crucial. Registrations should include identity confirmation and the number of units represented.
Holders of SDRs registered through a bank are reminded of the necessity to notify their institution to add their names temporarily to the owner registry.
Power of Attorney Requirements
For any investor who is represented by a power of attorney, it is important to prepare a written authorization in either Estonian or English. This allows for a smooth verification process on the day of the meeting. All necessary documentation, including identification and the executed power of attorney, must be ready for presentation.
Meeting Day Instructions
On the day of the General Meeting, Attendees are required to bring along a personal identification document. Additionally, representatives must have the original written power of attorney available in English or Estonian. The Baltic Horizon Fund is committed to effective management of information and security throughout this process.
Contact Information and Resources
For more details regarding this meeting or inquiries on agenda items, please reach out directly to Tarmo Karotam, the Baltic Horizon Fund manager at tarmo.karotam@nh-cap.com. The Fund acts under the leadership of Northern Horizon Capital AS, aiming to enhance its real estate investments and provide updates on future projects through various channels.
Frequently Asked Questions
What is the purpose of the General Meeting?
The General Meeting allows investors to participate in key decision-making processes affecting the Baltic Horizon Fund.
How can I attend the meeting?
Investors can attend by registering for the meeting either in person or via the online webinar.
What will be discussed during the meeting?
The agenda includes the election of new supervisory board members and compensation for board members.
Is there a need to notify attendance?
Yes, it is crucial for unit-holders to notify their intention to attend the meeting by a specified date.
How can I get more information regarding my investments?
Investors can contact the Baltic Horizon Fund manager for inquiries related to their investments and upcoming projects.
