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
Directorate
Change
Weiss Korea Opportunity Fund is pleased to announce that it has
appointed Krishna Shanmuganathan to
the Board of the Company as Non-Executive Director, effective
immediately. Mr Shanmuganathan also joins the Audit and the
Management & Engagement committees of the Board.
Mr Shanmuganathan brings a wealth of experience to the Board of
the Company and has been a Non-Executive Director of abrdn Asia
Focus plc since June 2020. He founded
Scylax Partners in 2016, a provider of specialist advisory
services, and prior to that was a managing partner at Hakluyt &
Company (Asia), a risk advisory
company, having established and led the Asia Pacific offices of the firm, based in
Singapore. Before that Krishna
held research and analyst roles at Fidelity International and
Cambridge Associates after a successful and varied career in the
Foreign & Commonwealth Office. He holds a number of other
non-executive appointments including being on the advisory board of
Serendipity Capital, chairman of the trustees of St Jude India
Child Care Centres UK and a trustee of Solefield School Educational
Trust.
Norman
Crighton, Chairman of Weiss Korea Opportunity Fund,
commented:
“The Directors are delighted to
welcome Krishna to the Board of the Company. His wealth of
experience in varied roles, as well as his knowledge of investment
trusts, will provide a fresh perspective on the Company. We look
forward to his contribution as we continue to market the Company’s
track record to a wider audience. Krishna’s appointment is part of
the process of renewing the Board as we approach the tenth
anniversary of the Company in 2023.”
Krishna
Shanmuganathan commented:
“It is a great honour and privilege
to be joining the Board of Weiss Korea Opportunity Fund. The
Company offers a unique investment proposition in the market which
has served current shareholders well since its inception in 2013.
Weiss Asset Management remain one of the leading investment
managers at discovering undervalued securities and with Korean
preference shares currently priced at significant discounts, the
opportunity remains very compelling. I’m looking forward to
contributing to the Board’s robust oversight of the Company,
ensuring it continues to deliver for shareholders.”
Additional Information in respect of
the AIM Rules
The following information regarding the appointment of
Krishna Shanmuganathan, aged 48, is
disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current
Directorships |
Previous
Directorships (within the last five years) |
Abrdn
Asia Focus plc
Scylax Ltd
Serendipity Holdings and Nominees Limited
Solefield School Educational Trust Limited |
MTW Group Ltd |
As at the date of this announcement, Krishna Shanmuganathan does not hold any
ordinary shares in the Company.
Save as set out above there are no further disclosures pursuant
to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for
Companies in respect of the appointment of Krishna Shanmuganathan.
For further information please contact:
Singer Capital Markets
James Maxwell/ Alaina Wong/ James Fischer – Nominated Adviser
James Waterlow – Sales |
+44 20 7496 3000 |
Northern Trust International Fund
Administration Services (Guernsey) Limited
Andrew Le Page |
+44 1481 745 001 |
Website
www.weisskoreaopportunityfund.com