Baltic Horizon Fund (NHCBHFFT) EGM 2025 summary

Opening remarks and agenda

• Meeting opened by fund manager Tarmo Karotam, who also served as chairman, with Jana Karimova as recording secretary; agenda focused on changes to the Supervisory Board.

• Quorum was not reached, so no resolutions could be adopted during this session.

Specific resolutions to be voted on

• Election of Andrius Smaliukas, Milda Dargužaitė, and Antanas Anskaitis as new Supervisory Board members for two-year terms starting 1 May 2025 was proposed by major investors.

• Remuneration set at €36,000 per year for the chairman and €11,000 per year for other board members.

• Removal of Reimo Hammerberg, Monica Hammer, and David Bergendahl from the board effective 30 April 2025 was proposed.

Board and executive committee updates

• Proposed new board members bring extensive experience in law, finance, investment management, and public sector leadership.

• Antanas Anskaitis represents the largest unitholder, with over 25% ownership through Gene Investments OÜ.

• Per Moller to remain on the Supervisory Board.