REG-Weiss Korea Opportunity Fund Ltd.: Compulsory Redemption of Shares

Weiss Korea Opportunity FundAnnouncement

17/11/2025 07:10

17 November 2025

 

Weiss Korea Opportunity Fund Ltd.

(“WKOF” or the “Company”)                    
                     (a closed-ended investment scheme                        
                                      incorporated with limited liability    
               
                     under the laws of Guernsey with registration number      
                                                        56535)               
    
                     LEI Number:                              
213800GXKGJVWN3BF511

 

COMPULSORY REDEMPTION OF SHARES

 

Further to the resolutions passed by the Company's shareholders at its
Extraordinary General Meeting on 14 April 2025 to approve the Managed
Wind-down of the Company and enable compulsory redemptions of the Company's
ordinary shares ("                     Shares                    "), the
Company today announces in conjunction with the announcement of the proposed
cancellation of trading on AIM and liquidation, that it intends to return
approximately GBP7,000,000 by way of a further compulsory redemption of Shares
(the "                     Third Redemption                    ") after close
of business on 1 December 2025 (the "                     Redemption Date     
              "). The Third Redemption will be effected at a price per Share
equal to the prevailing Net Asset Value per Share as at the Redemption Date.
The Third Redemption follows the Company’s first and second compulsory
redemptions, completed in July and October 2025 respectively, which together
returned approximately GBP105,000,000 to Shareholders.

The number of Shares to be redeemed will be redeemed                      pro
rata                     to holdings of Shares on the Company’s register of
members at close of business on the Redemption Date and will be paid to
Shareholders in sterling. As at today's date, the Company has 4,615,170 Shares
in issue with voting rights and 11,752,246 Shares held in treasury. For
illustrative purposes only, if the redemption price was equal to the
prevailing Net Asset Value per Share as at the date of this announcement,
being 159.17pence per Share, a holder of 100,000 Shares would have 95,290
Shares redeemed, and receive GBP151,673.09 in cash.

Fractions of Shares will not be redeemed and so the number of Shares to be
compulsorily redeemed from each Shareholder will be rounded down to the
nearest whole number of Shares. Final calculations of the number of Shares to
be redeemed and confirmation of the redemption price will be announced shortly
after the Redemption Date.

Payments of redemption monies are expected to be effected either through CREST
(in the case of Shares held in uncertificated form) or by cheque (in the case
of Shares held in certificated form) on 15 December 2025, or as soon as
practicable thereafter. Share certificates currently in issue will be
superseded by new share certificates for the balance of the relevant
shareholdings in the Company and will be distributed to certificated
Shareholders with the cheque in respect of their redemption monies.

Following the Third Redemption the Board will resolve to cancel all shares
held in treasury. Accordingly, once redeemed, such Shares will be incapable of
transfer by Shareholders or sale or transfer by the Company.

The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN number, GG00BVN74803, (the "                    
Old ISIN                    ") will expire.

The new ISIN number, GG00BPCMLM76, (the "New ISIN") in respect of the
remaining Shares, which will not have been redeemed, will be enabled and
available for transactions after 8.00 a.m. on 2 December 2025.

Up to and including the Redemption Date, the Shares will continue to be traded
under the Old ISIN and as such, a purchaser of such Shares who was not on the
register as at the record date for the Third Redemption would have a market
claim for a proportion of the redemption proceeds following the activation of
the New ISIN. CREST will automatically transfer any open transactions as at
the Redemption Date to the New ISIN.

Expected timetable for the Third Redemption

The anticipated dates and sequence of events relating to the implementation of
the Third Redemption are set out below:

 Redemption Record Date                                                                                        Close of business on 1 December 2025        
 Redemption Date and expiry of Old ISIN                                                                        After close of business on 1 December 2025  
 Announcement of completion of the Third Redemption, redemption price and total voting rights                  2 December 2025                             
 Redemption Ex Date                                                                                            2 December 2025                             
 New ISIN enabled                                                                                              2 December 2025                             
 Cheques in respect of redemption monies and new share certificates to be posted to certificated Shareholders  15 December 2025                            
 CREST Accounts credited in respect of redemption monies to be paid to uncertificated Shareholders             15 December 2025                            

 

Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the circular of the Company published on 19 March 2025,
unless the context indicates otherwise

 New ISIN  GG00BPCMLM76  
 SEDOL     BPCMLM7       
 TIDM      WKOF          

 

For further information, please contact:

 

 Weiss Asset Management LP (Investment Manager)   Andrew Daly  Eric Ruiz  Rachel Lehman                                                                     +1 (617) 778-7780     
                                                                                                                                                                                  
 Singer Capital Markets Advisory LLP   James Maxwell, James Fischer, Anthony Debson (Corporate Finance)  Alan Geeves, James Waterlow, Sam Greatrex (Sales)  +44 (0) 20 7496 3000  
 Northern Trust International Fund Administration services (guernsey) Limited                                                                               +44 (0) 1481 745001   
 Company Secretary                                                                                                                                                                
                                                                                                                                                                                  

A copy of this announcement will be available on the Company's website at     
                https://www.weisskoreaopportunityfund.com. Neither the
content of the Company's website, nor the content on any website accessible
from hyperlinks on its website, is incorporated into, or forms part of, this
announcement nor, unless previously published by means of a recognised
information service, should any such content be relied upon in reaching a
decision as to whether or not to acquire, continue to hold, or dispose of,
securities in the Company.

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