NOT FOR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC
OF IRELAND OR SOUTH AFRICA
OR TO
U.S.
PERSONS
Weiss Korea Opportunity Fund Ltd.
(a
closed-ended investment scheme incorporated
with limited liability
under
the laws of Guernsey with registration number
56535)
(The
“Company”)
LEI
Number: 213800GXKGJVWN3BF511
20 JULY
2023
RESULT
OF ANNUAL GENERAL MEETING
At the
Annual General Meeting of the Company held today,
all Resolutions set out in the Annual General Meeting Notice sent
to Shareholders dated 28 June 2023
were duly passed.
Votes representing 48.98% of the issued share capital were
cast.
|
Ordinary
Resolution
|
For
|
%
|
Discretion
(voted in favour)
|
%
|
Against
|
%
|
Abstain
|
%
|
|
1
|
33,927,409
|
100
|
0
|
0.00
|
0
|
0.00
|
0
|
0.00
|
|
2
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
3
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
4
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
5
|
33,927,409
|
100
|
0
|
0.00
|
0
|
0.00
|
0
|
0.00
|
|
6
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
7
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
8
|
33,924,909
|
99.99
|
0
|
0.00
|
2,500
|
0.01
|
0
|
0.00
|
|
9
|
23,574,909
|
69.49
|
0
|
0.00
|
10,352,500
|
30.51
|
0
|
0.00
|
|
Special
Resolution
|
For
|
%
|
Discretion
(voted in favour)
|
%
|
Against
|
%
|
Abstain
|
%
|
|
10
|
33,924,759
|
99.99
|
0
|
0.00
|
2,650
|
0.01
|
0
|
0.00
|
|
11
|
33,924,759
|
99.99
|
0
|
0.00
|
2,650
|
0.01
|
0
|
0.00
|
Resolution 9 authorises the Company to make market purchases of up
to 40% of the Company’s issued share capital (excluding treasury
shares), being 27,706,232 ordinary shares.
Resolution 9 passed with a majority of votes cast by shareholders
in favour.
The Board understands the shareholder who voted against the
Resolution did not intend to vote against it. However in accordance
with Provision 4 of the UK Corporate Governance Code, the Board is
engaging with this shareholder and will provide an update to the
market on the views received and any actions the Company intends to
take.
Special Resolutions:
THAT, the
Directors of the Company be and they are hereby generally
empowered, to issue, sell, to grant rights to subscribe for, or to
convert and make offers or agreements
to
issue Ordinary
Shares for cash
without first offering them to existing shareholders in proportion
to their holdings, provided that this power shall be limited so
that it:
(i.)
expires at
the conclusion of the next annual general meeting of the Company
after the passing of this resolution
or on the
expiry of 15 months from the passing of this resolution,
whichever is the earlier, save that the Company may, before such
expiry, make an offer or agreement
which
would or might require Ordinary Shares to be issued or sold after
such expiry and the Directors may issue or sell Ordinary Shares in
pursuance of any such offer or agreement
as if the
power conferred hereby had not expired; and
(ii.)
shall be limited to the issue or sale of Ordinary Shares up to
6,926,558 Ordinary Shares being approximately 10 per cent. of the
issued share
capital of
the Company, as at the date of this Notice.
THAT,
conditional on resolution 10 above having been passed, the
Directors of the Company be and they are hereby generally
empowered, in addition to and without prejudice to the power
granted by resolution 10 above, to issue, sell, to grant rights to
subscribe for, or to convert and make offers or agreements to issue
Ordinary Shares for cash without first offering them to existing
shareholders in proportion to their holdings, provided that this
power shall be limited so that it:
(i.)
expires at
the conclusion of the next annual general meeting of the Company
after the passing of this resolution or on the expiry of 15 months
from the passing of this resolution, whichever is the earlier, save
that the Company may, before such expiry, make an offer or
agreement which would or might require Ordinary Shares to be issued
or sold after such expiry and the Directors may issue or sell
Ordinary Shares in pursuance of any such offer or agreement as if
the power conferred hereby had not expired; and
(ii).
shall be limited to the issue or sale of up to 6,926,558 Ordinary
Shares being approximately 10 per cent. of the issued share capital
of the Company, as at the date of this Notice.
Details of
the Annual General Meeting are available on the Company’s website
at
www.weisskoreaopportunityfund.com
Enquiries:
Northern
Trust International Fund Administration Services (Guernsey)
Limited
Tel: 01481
745001
Singer
Capital Markets
James Maxwell/James Fischer –
Nomad
James Waterlow – Sales
Tel: 020
7496 30000
END
