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
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