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
Redemption
of Realisation Shares
Further to
the announcement of the results of the Realisation Opportunity on
10 May 2023, the Company announces
that, due to the very limited number of elections received for the
Realisation Opportunity, all Realisation Shares will be compulsory
redeemed utilising the Company’s existing cash reserves, with an
accompanying record date of 26 May
2023 (“Redemption Date”).
The
redemption price will be 177.62 pence
per Realisation Share, equivalent to the unaudited Net Asset Value
per Realisation Share as at 15 May
2023. The redemption proceeds due will be paid by cheque and
sent to Realisation Shareholders on the week commencing
5 June 2023.
All
Realisation Shares will be re-designated as Ordinary Shares and
held in Treasury, with effect from the Redemption Date.
Total Voting Rights
Following the redemption, pursuant to the FCA's Disclosure and
Transparency Rules, the Company will have 81,017,828 Ordinary
Shares in issue. The Company will hold 11,752,246 Ordinary Shares
in treasury. Therefore, the total number of voting rights in the
Company is 69,265,582.
The above figure of 69,265,582 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 13 March
2023.
For
further information please contact:
Singer
Capital Markets
James
Maxwell/ 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