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
James Maxwell/ Justin McKeegan/ James Fischer – Nominated
Adviser
James Waterlow – Sales |
+44 20 7496 3000 |
Northern Trust International Fund
Administration Services (Guernsey) Limited
Sam Walden |
+44 1481 745 385 |
Website
www.weisskoreaopportunityfund.com