Metro Baltic Horizons (MBH) is incorporated in the Isle of Man and was admitted to trading on the Alternative Investment Market of the London Stock Exchange in December 2006 raising gross proceeds of €39m at €1.00 per ordinary share. By July 2007 MBH had fully committed the net proceeds of its IPO and had assembled an attractive portfolio of development assets spread across Riga, Tallinn and St Petersburg each of which are forecast to generate a financial return in excess of MBH’s targeted minimum internal rate of return of 25%. The Company has subsequently disposed of all of its property assets. The Company shares ceased trading on the London Stock Exchange with effect from 10 September 2014. The Company’s main country of operation is the Isle of Man. The Company is subject to the UK City Code on Takeovers and Mergers.