Baltic Horizon Fund (NHCBHFFT) Earnings Call Transcript & Summary

Good afternoon, and welcome to Baltic Horizon Fund's Extraordinary General Meeting, the 27th of March 2025. My name is Tarmo Karotam, the Fund Manager, will be leading today's meeting. As also in the past, we have had, in the case of changing the fund Supervisory Board meeting only one thing on the agenda. And at the moment, when we have opened the meeting, myself acting as the Chairman and Jana Karimova as Recording Secretary. I can also state that the meeting this time will be short as the quorum has not been reached. It's not in place, and we are not able to adopt the proposed resolution. But just to go through the agenda, which will be also on the -- as the agenda for the following second general meeting where most likely the quorum will be in place and the decision can be made. So the agenda of the meeting is to elect new fund Supervisory Board members as per request and application from our largest investor Gene Investments OÜ, Grinvest, and to elect members Andrius Smaliukas, Antanas Anskaitis, who are also related to the investor. And then Milda Dargužaite, who is the previous CEO of Northern Horizon Group, not anymore within the company and to also decide on the remuneration for these new members. From the previous Board, Mr. Per Jenster has remained in the Supervisory Board, but also with this decision proposal, Reimo Hammerberg, Monica Hammer and David Bergendahl will be removed then as of 30th of April 2025. But as I said in this meeting, quorum is not in place. So the decision cannot be passed. Therefore, in case, there are still questions around the Supervisory Board member candidates, I welcome you to address these to myself after the meeting. And at this point, since we -- the quorum is not in place, I can announce that the call for a second meeting will be published shortly where the same agenda would be discussed and hopefully, then decision passed. In this presentation, there is also as per the invitation a description of the new Board members to be decided and also, Mr. Per Jenster, who is remaining as the Board member. So in case, yes, there are any questions, please address them for the next board meeting, which most likely will happen in the middle of -- or in the first half of April. And hereby, I will convene the meeting. So thank you for participating, and look forward to meet soon again.