Understanding the Baltic Horizon Fund Meeting
The Baltic Horizon Fund is gearing up for an extraordinary general meeting, where unitholders and SDR holders will have an opportunity to participate in significant decisions concerning the fund. This meeting, essential for the governance and future direction of the fund, is being organized to ensure all investors have their say.
Agenda Highlights for the Meeting
The proposed agenda put forth by investors for discussion is robust and focuses on pivotal governance changes within the supervisory board. Here’s what will be addressed:
- Electing Andrius Smaliukas to the supervisory board for two years, starting on May 1, 2025.
- Appointing Milda Dargužait? to the supervisory board for the same two years.
- Selecting Antanas Anskaitis for the supervisory board for the same term.
- Deciding on a remuneration package for the newly elected chairman, proposed at EUR 36,000 annually.
- Discussing approved compensation of EUR 11,000 for other supervisory board members.
- Recalling Reimo Hammerberg, Monica Hammer, and David Bergendahl from their board positions effective April 30, 2025.
The meeting plans to engage investors in a discussion that will shape the fund's management and oversight. However, it's worth noting that only three investors registered to attend previously, reflecting a less than 1% participation rate.
New Meeting Invitation Details
Following the previous meeting, the management company Northern Horizon Capital AS is calling for a new general meeting on April 7, 2025, at 13:00 (local time). This opportunity will allow investors to engage more actively in the proposed discussions, ensuring they can make their voices heard.
Investors willing to join the meeting online can register from noon onward. The general meeting will be conducted in English, creating an inclusive environment for both local and foreign investors.
How to Participate
To ensure your voice is included in the upcoming meeting, investors need to be registered unitholders with Nasdaq CSD SE or holders of SDRs listed in Euroclear Sweden AB. Make sure your registration is completed by the stipulated deadline to participate effectively.
For those unable to attend, the option to issue a power of attorney is available, delegating voting rights to an authorized representative. Details and templates are readily available to streamline this process.
Profile of Nominee Candidates
Each candidate nominated for the supervisory board brings extensive expertise and experience:
Andrius Smaliukas
As the Managing Partner at MMSP, Andrius offers nearly two decades of experience in corporate advisory and resolution of disputes. His academic credentials include a Ph.D. from Vilnius University and extensive training at prestigious institutions such as Harvard Law School.
Milda Dargužait?
Milda previously served as the CEO of Northern Horizon Capital A/S, where she successfully directed the strategic operations of the company. She holds advanced degrees from top universities and has significant expertise in portfolio management from her time at leading financial institutions.
Antanas Anskaitis
With over 20 years of real estate investment management experience, Antanas has played a crucial role in managing investments in various commercial properties in the Baltic region. His educational background includes a Master's in Management and Economics.
FAQs About the Meeting
What is the purpose of the Baltic Horizon Fund meeting?
The meeting aims to allow investors to vote on important governance matters, including supervisory board elections and remuneration proposals.
When and where will the new meeting take place?
The meeting is scheduled for April 7, 2025, at 13:00 local time and will be held at Northern Horizon Capital AS’s office.
How can I attend the general meeting?
Investors can attend in person or participate online by registering through the provided link before the meeting date.
What if I cannot attend the meeting?
If unable to attend, investors can issue a power of attorney to designate a representative to vote on their behalf.
Who can I contact for more information?
For questions, investors should reach out to Tarmo Karotam, the fund manager, at tarmo.karotam@nh-cap.com.
