Weiss Korea Opportunity Fund - Compulsory Redemption of Shares
(“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
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 26,334,015 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
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
All Shares that are redeemed will be cancelled. 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, GG00BT26K977, (the "Old ISIN") will expire.
The new ISIN number, GG00BVN74803, (the "New ISIN") in respect of the remaining Shares, which will not have been redeemed, will be enabled and available for transactions after
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 Second 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.
Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of any further redemptions.
Expected timetable for the Second Redemption
The anticipated dates and sequence of events relating to the implementation of the Second Redemption are set out below:
Redemption Record Date Close of business on7 October 2025 Redemption Date and expiry of Old ISIN After close of business on7 October 2025 Announcement of completion of the Second Redemption, redemption price and total8 October 2025 voting rights Redemption Ex Date8 October 2025 New ISIN enabled8 October 2025 Cheques in respect of redemption monies and new share certificates to be posted21 October 2025 to certificated Shareholders CREST Accounts credited in respect of redemption monies to be paid to21 October 2025 uncertificated shareholders
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
New ISIN GG00BVN74803 SEDOL BVN7480 TIDM WKOF
For further information, please contact:
Weiss Asset Management LP (Investment Manager)Andrew +1 (617) 778-7780
DalyEric RuizRachel Lehman
Singer Capital Markets Advisory LLPJames Maxwell, James
Fischer , Anthony Debson, Samed Ethemi (Corporate Finance) +44 (0) 20 7496 3000
Alan Geeves , James Waterlow , Sam Greatrex (Sales)
Northern Trust International Fund Administration services +44 (0) 1481 745001
(guernsey) Limited
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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