WKOF Weiss Korea Opportunity Fund Ltd.

 
TIDMWKOF 
 
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OR INTO THE 
UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR SOUTH AFRICA 
OR TO 
U.S. PERSONS 
 
Weiss Korea Opportunity Fund Ltd. 
 
(a closed-ended investment scheme incorporated with limited liability 
 
under the laws of Guernsey with registration number 56535) 
 
(The "Company") 
 
LEI Number: 213800GXKGJVWN3BF511 
 
20 JULY 2023 
 
RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held today, all Resolutions set out 
in the Annual General Meeting Notice sent to Shareholders dated 28 June 2023 
were duly passed. 
 
Votes representing 48.98% of the issued share capital were cast. 
 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|Ordinary  |For          |%    |Discretion|%   |Against    |%    |Abstain|%   | 
|Resolution|             |     |          |    |           |     |       |    | 
|          |             |     |(voted in |    |           |     |       |    | 
|          |             |     |favour)   |    |           |     |       |    | 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|1         |33,927,409   |100  |0         |0.00|0          |0.00 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|2         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|3         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|4         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|5         |33,927,409   |100  |0         |0.00|0          |0.00 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|6         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|7         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|8         |33,924,909   |99.99|0         |0.00|2,500      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|9         |23,574,909   |69.49|0         |0.00|10,352,500 |30.51|0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|Special   |For          |%    |Discretion|%   |Against    |%    |Abstain|%   | 
|Resolution|             |     |          |    |           |     |       |    | 
|          |             |     |(voted in |    |           |     |       |    | 
|          |             |     |favour)   |    |           |     |       |    | 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|10        |33,924,759   |99.99|0         |0.00|2,650      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
|11        |33,924,759   |99.99|0         |0.00|2,650      |0.01 |0      |0.00| 
+----------+-------------+-----+----------+----+-----------+-----+-------+----+ 
 
Resolution 9 authorises the Company to make market purchases of up to 40% of the 
Company's issued share capital (excluding treasury shares), being 27,706,232 
ordinary shares. Resolution 9 passed with a majority of votes cast by 
shareholders in favour. The Board understands the shareholder who voted against 
the Resolution did not intend to vote against it. However in accordance with 
Provision 4 of the UK Corporate Governance Code, the Board is engaging with this 
shareholder and will provide an update to the market on the views received and 
any actions the Company intends to take. 
 
Special Resolutions: 
 
THAT, the Directors of the Company be and they are hereby generally empowered, 
to issue, sell, to grant rights to subscribe for, or to convert and make offers 
or agreements to issue Ordinary Shares for cash without first offering them to 
existing shareholders in proportion to their holdings, provided that this power 
shall be limited so that it: 
 
(i.)    expires at the conclusion of the next annual general meeting of the 
Company after the passing of this resolution or on the expiry of 15 months from 
the passing of this resolution, whichever is the earlier, save that the Company 
may, before such expiry, make an offer or agreement which would or might require 
Ordinary Shares to be issued or sold after such expiry and the Directors may 
issue or sell Ordinary Shares in pursuance of any such offer or agreement as if 
the power conferred hereby had not expired; and 
 
(ii.) shall be limited to the issue or sale of Ordinary Shares up to 6,926,558 
Ordinary Shares being approximately 10 per cent. of the issued share capital of 
the Company, as at the date of this Notice. 
 
THAT, conditional on resolution 10 above having been passed, the Directors of 
the Company be and they are hereby generally empowered, in addition to and 
without prejudice to the power granted by resolution 10 above, to issue, sell, 
to grant rights to subscribe for, or to convert and make offers or agreements to 
issue Ordinary Shares for cash without first offering them to existing 
shareholders in proportion to their holdings, provided that this power shall be 
limited so that it: 
 
(i.)    expires at the conclusion of the next annual general meeting of the 
Company after the passing of this resolution or on the expiry of 15 months from 
the passing of this resolution, whichever is the earlier, save that the Company 
may, before such expiry, make an offer or agreement which would or might require 
Ordinary Shares to be issued or sold after such expiry and the Directors may 
issue or sell Ordinary Shares in pursuance of any such offer or agreement as if 
the power conferred hereby had not expired; and 
 
(ii). shall be limited to the issue or sale of up to 6,926,558 Ordinary Shares 
being approximately 10 per cent. of the issued share capital of the Company, as 
at the date of this Notice. 
 
Details of the Annual General Meeting are available on the Company's website at 
www.weisskoreaopportunityfund.com 
 
Enquiries: 
 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Tel:01481 745001 
 
Singer Capital Markets 
 
James Maxwell/James Fischer - Nomad 
 
James Waterlow - Sales 
 
Tel: 020 7496 30000 
 
END 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

July 20, 2023 13:12 ET (17:12 GMT)

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