Notice to convene general meeting of unit-holders of Baltic Horizon Fund
Hereby Northern Horizon Capital AS (address: Hobujaama tn 5, Tallinn 10151, Estonia, hereinafter the Management Company), the management company of Baltic Horizon Fund, calls the general meeting of unit-holders of Baltic Horizon Fund (hereinafter the Fund) to be held on 27 October 2016 at 14.00 p.m. The meeting will take place at Palace, Södra Hamngatan 2, Göteborg, Sweden
The general meeting of the unit-holders of the Fund will be assembled based on sections 10.3.3, 10.4, 11.2 of the rules of the Fund and section 128-1 of the Estonian Investment Funds Act.
The agenda of the general meeting of the unit-holders of the Fund is the following:
- Decision to elect David Bergendahl as a new member of the supervisory board of the Fund as of 27 October 2016 for a period of two years.
- Decision to pay remuneration to David Bergendahl for fulfilling obligations of the member of the supervisory board in the amount of EUR 11,000 per calendar year.
We ask unit-holders of the Fund to send their questions and comments regarding the election of the new member of the supervisory board to the fund manager’s e-mail address Tarmo.Karotam@nh cap.com by 23 October 2016. The Management Company will answer to the questions by e-mail or during the meeting (before voting).
EXPLANATORY NOTES FOR THE AGENDA
General note regarding agenda item 1
According to Section 11.2 of the Fund rules the members of the supervisory board shall be appointed at the general meeting for a period of at least two years. The Management Company proposes to elect David Bergendahl as a new member of the supervisory board.
David Bergendahl was born in 1962 and graduated from Göteborgs universitet in 1988 receiving a Bachelor’s degree in Economics. David Bergendahl has been a co-owner and CEO in Pergamon International AB during 1988-1994. David Bergendahl became a co-owner and CEO of Hammarplast AB in 1994. Currently, David Bergendahl also holds a board member seat in Torslanda Property Investment AB (publ) and Link Prop Investment AB (publ).
General note regarding agenda item 2
According to Section 11.11 of the Fund rules supervisory board members are entitled to remuneration for their service. The amount of remuneration payable to the chairman and members of the supervisory board shall be decided at the general meeting. The proposed remuneration is the same as for other members of the supervisory board.
PARTICIPATION IN THE MEETING
To participate at the general meeting, a unit-holder is required to have the Fund’s units registered in its name in the register of the Fund’s units as at ten days before the date of the general meeting.
We ask that you bring a personal identification document to the meeting and in the case of representation we will require the presenting of the original written power of attorney in English language (please see Annex 1 that includes a template). In case the unit-holder is a legal person, we ask that you also bring documentation in English language certifying the representation right of the unit-holder’s representative or the signatory of the power of attorney. Please note that in some cases apostilling or notarizing documents may be necessary. In addition to bringing the originals of the documents to the meeting, in order to facilitate smooth registration process in the meeting, Unit-holders are kindly asked to send copies of relevant documentation by 21 October 2016 to the fund manager’s e-mail address Tarmo.Karotam@nh-cap.com. The participation of a representative does not deprive the unit-holder of the right to participate at the general meeting of the Fund.
Chairman of the management board of the Management Company
City Plaza (4th floor)
Tartu road 2
Tallinn, Estonia 10145
Mobile: +372 50 89 044