Baltic Horizon Fund (NHCBHFFT) EGM 2023 summary

Opening remarks and agenda

• EGM held 6 Dec 2023 in Tallinn; 4 investors represented 344,116 units, below quorum, so the proposed resolutions could not be adopted.

• A new meeting with the same agenda was called for 21 Dec 2023 at 14:00 Tallinn time; registration begins at 13:00, and the meeting will be in English.

Specific resolutions to be voted on

• Proposed election of Reimo Hammerberg, Monica Hammer and Per V. Jenster to the supervisory board from 1 Jan 2024 for an indefinite period.

• Proposed annual remuneration: EUR 16,000 for Reimo Hammerberg and EUR 11,000 each for Monica Hammer and Per V. Jenster.

• Proposed recall of Raivo Vare, Andris Kraujins and Per Moller, with 31 Dec 2023 as their final day in office.

Board and executive committee updates

• Reimo Hammerberg brings capital markets and financial services experience from Sorainen, fintech and blockchain work, and board roles at an electronic credit card company and Holm Bank; he advised the fund and predecessor since 2010.

• Monica Hammer has 15 years of financial-sector experience, including 6 years in management; she currently leads Workplace Consultancy at CBRE and previously held roles at Colliers International and SIGNAL.

• Per V. Jenster is a strategy professor emeritus and Niche Masters Fund chairman; he holds roughly 2,400,000 units.