REG-Weiss Korea Opportunity Fund Ltd.: Proposed Cancellation of trading on AIM and Liquidation

Weiss Korea Opportunity FundAnnouncement

17/11/2025 07:02

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

 

Proposed Cancellation of trading on AIM and Liquidation

 

The Company is pleased to announce that in accordance with its Managed
Wind-down process, it has now fully realised all of the assets in its
investment portfolio in an orderly manner and in accordance with its
Investment Objective and Policy.           

Consequently the Company announces that it intends to return GBP7,000,000 by
way of a third Compulsory Redemption (further details to be announced
separately today), and has now commenced the process, subject to Shareholder
approval, of cancelling the admission of its Shares to trading on AIM, and
approving the appointment of liquidators.

Rule 41 of the AIM Rules requires an AIM company that wishes to cancel
admission of its securities to trading on AIM to notify such intended
cancellation to the public and separately to inform the London Stock Exchange
of its preferred cancellation date. That rule also requires that, unless the
London Stock Exchange otherwise agrees, the cancellation must be conditional
upon the consent of not less than 75 per cent. of votes cast by the
Shareholders, given in a general meeting.

In accordance with the above, the Company hereby notifies the proposed
cancellation of the admission of its Shares to trading on AIM, subject to
Shareholder approval at an extraordinary general meeting expected to be held
on 18 December 2025 (the "                     EGM                    "). If
the relevant resolution is passed, the expected date of the cancellation of
admission to trading on AIM will be 19 December 2025.

An explanatory circular further detailing these proposals is expected to be
posted to Shareholders on or around 28 November 2025, together with a notice
convening the EGM (the "                     Circular                    ").  
        

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.

Expected timetable of principal events for the Proposed Cancellation

 Announcement of proposed winding up and cancellation                                                                           17 November 2025                       
 Publication of the Circular                                                                                                    28 November 2025                       
 Latest time and date for receipt of proxy appointments for the EGM                                                             16 December 2025                       
 Record time for those Shareholders on the Register of Members entitled to attend or vote at the Extraordinary General Meeting  6.00 p.m. on 16 December 2025          
 Latest time and date for dealings in Shares prior to cancellation                                                              Close of business on 17 December 2025  
 Suspension of Shares from trading on AIM                                                                                       7.30 a.m. on 18 December 2025          
 Extraordinary General Meeting                                                                                                  18 December 2025                       
 Announcement of results of EGM                                                                                                 18 December 2025                       
 Appointment of liquidators (2)                                                                                                 18 December 2025                       
 Cancellation of admission to trading on AIM (2)                                                                                7.00 a.m. on 19 December 2025          

(1)                                           All references in this
announcement are to London times unless otherwise stated. The dates and times
given are indicative only and are based on the Company's current expectations
and may be subject to change. If any of the times and/or dates above change,
the revised times and/or dates will be notified to Shareholders by
announcement through a regulatory information service.

(2)                                           Conditional on the passing of
resolutions at the General Meeting.

For further information, please contact:

                                                                                                                                      
 Singer Capital Markets Limited – NOMAD and Broker to the Company   James Maxwell, James Fischer, Anthony Debson    +44 20 7496 3000  
 Northern Trust International Fund Administration Services (Guernsey)   - Company Secretary                         +44 1481 745001   

 

 



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