Weiss Korea Opportunity Fund Ltd. - Compulsory Redemption of Shares

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:

 

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

 

For further information, please contact:

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact   rns@lseg.com   or visit   www.rns.com .

 

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our   Privacy Policy .

 

END