WKOF Weiss Korea Opportunity Fund Ltd.

 
TIDMWKOF 
 
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO 
CANADA, AUSTRALIA OR JAPAN. 
 
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 
 
Results of Realisation Opportunity 
 
As described in the circular to Shareholders published on 13 March 2023, the 
Company made available a Realisation Opportunity enabling Shareholders to elect 
to realise all, or a part, of their shareholding in the Company. 
 
On 5 May 2023, the Election Period closed and the Company now confirms that 
valid elections were received from Shareholders totalling 41,496 Ordinary 
Shares, representing approximately 0.06 per cent. of the Company's issued share 
capital. On 12 May 2023, such participating Ordinary Shares will be redesignated 
as Realisation Shares. 
 
None of the Directors and personnel associated with the Investment Manager 
elected to participate in the Realisation Opportunity in respect of all, or any 
part of, their respective shareholdings. 
 
With effect from 12 May 2023, the Realisation Date, the Company's current 
portfolio will be divided into two pools: 
 
i)        The Continuation Pool; and 
 
ii)       The Realisation Pool. 
 
Each Pool will be accounted for as a separate sub-portfolio, with the value of 
the assets and liabilities in the current portfolio being apportioned to the 
Realisation Pool pro rata to the number of Ordinary Shares in respect of which 
Realisation Elections have been validly received. The allocation of the assets 
and liabilities to be allocated to each pool will be determined by the Board in 
its sole discretion on a basis that it deems fair and reasonable and which it 
considers would be in the best interests of both the holders of Realisation 
Shares and the holders of Ordinary Shares. 
 
The assets comprising the Realisation Pool will be managed by the Investment 
Manager as follows: 
 
a)   assets comprised in the Realisation Pool will be managed in accordance with 
an orderly realisation programme with the aim of making a return of cash to 
holders of Realisation Shares; and 
 
b)   the Board may authorise the sale of assets to the Continuation Pool from 
the Realisation Pool in order to return cash to holders of Realisation Shares. 
 
The assets apportioned to the Continuation Pool will continue to be managed by 
the Investment Manager in accordance with the Company's investment policy. 
 
A further announcement in respect of the return of cash to holders of 
Realisation Shares will be made as and when appropriate. The Realisation Shares 
will not be listed or admitted to AIM. 
 
Defined terms in this announcement shall have the same meaning as terms defined 
in the circular dated 13 March 2023. 
 
For further information please contact: 
 
Singer Capital Markets                            +44 20 7496 3000 
James Maxwell/ James Fischer - Nominated Adviser 
James Waterlow - Sales 
Northern Trust International Fund                 +44 1481 745 001 
Administration Services (Guernsey) Limited 
Andrew Le Page 
 
Website 
 
www.weisskoreaopportunityfund.com 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

May 10, 2023 12:07 ET (16:07 GMT)

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