Weiss Korea Opp Second Compulsory Redemption of Realisation Shares
September 07 2021 - 8:18AM
UK Regulatory
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
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