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Share Buy-Back Programme

5 Aug 2016 15:02

WEISS KOREA OPPORTUNITY FUND - Share Buy-Back Programme

WEISS KOREA OPPORTUNITY FUND - Share Buy-Back Programme

PR Newswire

London, August 5

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.("Weiss Korea" or "the Company")

Share Buy-Back Programme

At the Company's last annual general meeting on 27 July 2016 ("the AGM"), Weiss Korea shareholders granted the Company a general buy-back authority of up to 40% of the Company's issued share capital.

The Company is about to go into a closed period due to its interim results for the six months ended 30 June 2016. These results will be published on or around 7 September 2016. The Company has appointed N+1 Singer Advisory LLP to manage an irrevocable programme during the closed period (the "Closed Period Buy-Back Programme") to buy-back ordinary shares within certain pre-set parameters. The Closed Period Buy-Back Programme will commence today and will run until the end of the closed period, being the date of publication of the Company's Interim Report for the six months ended 30 June 2016, unless completed earlier.

Any shares purchased in the Closed Period Buy-Back Programme will count towards the Company's general buy-back authority of 40% of the Company's issued share capital, as approved at the Company's AGM.

Weiss Korea confirms that it currently has no inside information.

For further information, please contact:

N+1 Singer James Maxwell/Gillian Martin – Nominated Adviser James Waterlow – Sales+44 20 7496 3000
Northern Trust International Fund  Administration Services (Guernsey) Limited Sam Walden+44 1481 745 323

Website 

www.weisskoreaopportunityfund.com

END

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