Weiss Korea Opp First Compulsory Redemption of Realisation Shares

 
TIDMWKOF 
 
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO 
 THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH 
                           AFRICA OR TO US PERSONS. 
 
                       Weiss Korea Opportunity Fund Ltd. 
                                ("the Company") 
     (a closed-ended investment scheme incorporated with limited liability 
           under the laws of Guernsey with registered number 56535) 
 
LEI 213800GXKGJVWN3BF511 
 
               First Compulsory Redemption of Realisation Shares 
 
Further to the announcement of 9 June 2021, the Company has made good progress 
with the sale of assets in the Realisation Pool and is pleased to announce the 
first compulsory redemption of Realisation Shares representing approximately 
76.7 per cent. of Realisation Shares in issue (the "First Redemption"). 
 
The First Redemption will be effected pro-rata to holdings of Realisation 
Shares on the register at the close of business on 22 June 2021 ("First 
Redemption Date"). The First Redemption price will be 278.4 pence per 
Realisation Share (the "First Redemptions Price"), equivalent to the unaudited 
Net Asset Value per Realisation Share as at 31 May 2021. 
 
Fractions of Realisation Shares will not be redeemed and the number of 
Realisation Shares to be redeemed for each Realisation shareholder will be 
rounded down to the nearest whole number of Realisation Shares.  Accordingly, 
8,979,885 Realisation Shares will be compulsorily redeemed at the First 
Redemption Price. The First Redemption proceeds due in respect of the First 
Redemption will be paid by cheque and sent to Realisation Shareholders during 
the week commencing 28 June 2021. At the same time, Realisation Shareholders 
will be advised of the balance of their Realisation Shares which have not been 
compulsorily redeemed. 
 
All Realisation Shares that are redeemed will be re-designated as Ordinary 
Shares and held in Treasury, with effect from the First Redemption Date. 
 
The total number of Realisation Shares in issue following completion of the 
First Redemption will be 2,730,865 Realisation Shares. 
 
Total Voting Rights 
 
Following the Initial Redemption, pursuant to the FCA's Disclosure and 
Transparency Rules, the Company will have 78,286,963 Ordinary Shares in issue. 
The Company will hold 8,979,885 Ordinary Shares in treasury. Therefore, the 
total number of voting rights in the Company is 69,307,078. 
 
The above figure of 69,307,078 may be used by shareholders as the denominator 
for the calculations by which they will determine if they are required to 
notify their interest in, or a change to their interest in, the Company under 
the FCA's Disclosure and Transparency Rules. 
 
Terms used and not defined in this announcement shall have the meanings given 
to them in the circular dated 15 March 2021. 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation 596/2014. 
 
For further information please contact: 
 
N+1 Singer                                                    [phone] 
James Maxwell/ Justin McKeegan/ James Fischer - Nominated     3000 
Adviser 
James Waterlow - Sales 
 
Northern Trust International Fund                             [phone] 
Administration Services (Guernsey) Limited                    385 
Sam Walden 
 
Website 
 
www.weisskoreaopportunityfund.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

June 23, 2021 02:00 ET (06:00 GMT)