Baltic Horizon Fund SDR
In October 2022, Baltic Horizon Fund completed a delisting of Swedish traded Baltic Horizon Fund units from Nasdaq Stockholm and in connection with that enabling a conversion of the Swedish traded Baltic Horizon Fund units to Swedish Depositary Receipts.
The first trading day of Baltic Horizon Fund SDR’s on Nasdaq Stockholm was 31 October 2022.
About SDRs
SDRs are Swedish Depositary Receipts with the underlying securities being Baltic Horizon Fund units. SDRs are considered to be local Swedish securities. The SDRs are nominated in SEK.
By way of converting units into SDRs, this gives you the option to transfer your owned Baltic Horizon Fund units into the Stockholm Stock Exchange and get the pricing in SEK.
Baltic Horizon Fund
SDR terms
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Issuer
Baltic Horizon Fund
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Listing
Nasdaq Stockholm
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ISIN
SE0018689820
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Offering
Offering of Swedish depository receipts (each a “SDR”) representing units of Baltic Horizon Fund (“Units”) to existing holders of Units listed for trading on Nasdaq Stockholm (“Swedish Investor”) by conversion of existing Units into SDRs.
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Who can participate?
Holders of Units
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Offer size
Up to 119,635,429 SDRs
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Conversion period
Starting from 3 October 2022 and onwards
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Conversion ratio
Each one (1) Unit gives the Swedish Investor a right to convert it into one (1) SDR
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Delivery of SDRs
In two business days
Frequently asked questions
What are Swedish Depositary Receipts (SDRs)?
1
SDRs are Swedish Depositary Receipts with the underlying securities being Baltic Horizon Fund units. SDRs are considered to be local Swedish securities.
2
Northern Horizon Capital AS has appointed Nordic Issuing AB as the issuer of the SDRs.
3
The SDRs are issued in the Swedish book-entry system maintained by Euroclear Sweden.
4
The SDRs are issued in SEK, and they are created under, and governed by, the laws of Sweden.
5
The SDRs are listed on Nasdaq Stockholm with the trading ticker symbol NHCBHFFSDB and the full instrument name BALTIC HORIZON FUND SDR.
What are the characteristics of SDRs?
Converting Baltic Horizon Fund units into SDRs enables you to transfer trading with your securities from Nasdaq Tallinn Stock Exchange to Nasdaq Stockholm Stock Exchange.
One (1) unit is converted into one (1) SDR.
Since SDRs are nominated in SEK, the currency of converted securities will shift from EUR to SEK. Please note that a conversion will not change the exposure to EUR as the underlying securities remain Baltic Horizon Fund units which are nominated in EUR.
How do you convert your Baltic Horizon Fund units into the SDRs?
If you want to convert all or part of your Baltic Horizon Fund units into SDRs,
you can do so by emailing a conversion order to Nordic Issuing.
The conversion order should include the following information:
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The name of the holder
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The address of the holder
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The amount of fund units to be converted
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The securities account with a Swedish bank or other account where SDRs can be transferred and be kept
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A contact person with the bank (email and phone)
6
Email the order to Nordic Issuing via info@nordic-issuing.se
Nordic Issuing
As soon as Nordic Issuing has received this information, Nordic Issuing will instruct the bank to transfer the fund units to Nordic Issuing’s custodian account.
Upon receival of the fund units, Nordic Issuing will issue SDRs in the Euroclear System and deliver the SDRs to the account stated by the investors. The conversion takes at least two days depending on the swiftness of the investor’s bank.
For more information, please contact:
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Nordic Issuing AB -
info@nordic-issuing.se -
+46 (0) 40-632 00 20