Weiss Korea Opportunity Fund: Compulsory Redemption of Shares and Total Voting Rights

Weiss Korea Opportunity Fund

10/07/2025 07:00

                                10 July 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 AND TOTAL VOTING RIGHTS

 

Further to the announcement on 25 June 2025, the Company confirms that it has, after close of business on 9 July 2025 (the "Redemption Date"), compulsorily redeemed 42,931,567 ordinary shares ("Shares") at a price of 163.05 pence per Share, being equal to the prevailing Net Asset Value per Share as at the Redemption Date, for cancellation.

On this basis a holder of 100,000 Shares had 61,981 Shares redeemed, and received GBP101,060 in cash. 

Fractions of Shares have not been redeemed and so the number of Shares redeemed from each Shareholder has been rounded down to the nearest whole number of Shares.

The new ISIN number GG00BT26K977 in respect of the remaining Shares which have not been redeemed, has been enabled and is available for transactions from 8.00 a.m. today, 10 July 2025.

In conformity with the FCA's Disclosure Guidance and Transparency Rules ("DTRs"), following the redemption and cancellation, the Company's issued share capital consists of 38,086,261 Shares, each carrying the right to one vote, of which 11,752,246 Shares are held in treasury.

Accordingly, the figure 26,334,015 represents the total voting rights in the Company and may be used by Shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the DTRs.

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 23 July 2025, or as soon as practicable thereafter.

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.

New ISIN
GG00BT26K977
SEDOL
BT26K97
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, Samed Ethemi (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. 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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