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
Final Compulsory
Redemption of Realisation Shares
Further to the announcement on 7
September 2021, the Company has now successfully sold all of
the assets in the Realisation Pool and is pleased to announce the
final compulsory redemption of all Realisation Shares (the “Final
Redemption”).
The Final Redemption price will be approximately 266.39 pence per Realisation Share (the “Final
Redemption Price”), equivalent to the unaudited Net Asset Value per
Realisation Share as at 17 December
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, 273,085 Realisation Shares will be
compulsorily redeemed at the Final Redemption Price. The Final
Redemption proceeds due in respect of the Final Redemption will be
paid by cheque and sent to Realisation Shareholders during the week
commencing 3 January 2022.
All Realisation Shares that are redeemed will be re-designated
as Ordinary Shares and held in Treasury. Following the Final
Redemption, there will be no Realisation Shares in issue.
Total Voting Rights
Following the Final Redemption, pursuant to the FCA's Disclosure
Guidance and Transparency Rules, the Company will have 81,017,828
Ordinary Shares in issue. The Company will hold 11,710,750 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 Guidance
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:
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
Andy Le Page |
+44 1481 745 385 |
Website
www.weisskoreaopportunityfund.com