WKOF Weiss Korea Opportunity Fund Ltd.

 
TIDMWKOF 
 
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 
 
              Second Compulsory Redemption of Realisation Shares 
 
Further to the announcements of 23 June 2021 and 9 June 2021, the Company has 
made good progress with the sale of assets in the Realisation Pool and is 
pleased to announce the second compulsory redemption of Realisation Shares 
representing approximately 90 per cent. of Realisation Shares in issue (the 
"Second Redemption"). 
 
The Second Redemption will be effected pro-rata to holdings of Realisation 
Shares on the register at the close of business on 06 September 2021 ("Second 
Redemption Date"). The Second Redemption price will be 275.55 pence per 
Realisation Share (the "Second Redemption Price"), equivalent to the unaudited 
Net Asset Value per Realisation Share as at 31 August 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, 
2,457,780 Realisation Shares will be compulsorily redeemed at the Second 
Redemption Price. The Second Redemption proceeds due in respect of the Second 
Redemption will be paid by cheque and sent to Realisation Shareholders during 
the week commencing 20 September 2021. At the same time, Realisation 
Shareholders will be advised of the balance of their Realisation Shares which 
have not been compulsorily redeemed. 
 
All Realisation Shares that are redeemed will be re-designated as Ordinary 
Shares and held in Treasury, with effect from the Second Redemption Date. 
 
The total number of Realisation Shares in issue following completion of the 
Second Redemption will be 273,085 Realisation Shares. 
 
Total Voting Rights 
 
Following the Second Redemption, pursuant to the FCA's Disclosure Guidance and 
Transparency Rules, the Company will have 80,744,743 Ordinary Shares in issue. 
The Company will hold 11,437,665 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 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                                       +44 20 7496 3000 
James Maxwell/ Alaina Wong/ James Fischer - Nominated 
Adviser 
James Waterlow - Sales 
 
Northern Trust International Fund                            +44 1481 745 385 
Administration Services (Guernsey) Limited 
Andy Le Page 
 
Website 
 
www.weisskoreaopportunityfund.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 07, 2021 08:18 ET (12:18 GMT)

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