WEISS KOREA OPPORTUNITY FUND LTD.

AGM Information • Jun 26, 2024

National Storage Mechanism | Additional information

Weiss Korea Opportunity Fund - Result of AGM

PR Newswire

LONDON, United Kingdom, June 26

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

*26 JUNE 2024***

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 03 June 2024 were duly passed.

Votes representing 42.99% of the issued share capital were cast.

Ordinary Resolution	For	%	Discretion *(voted in favour)***	%	Against	%	Abstain	%
1	34,834,192	100	0	0.00	0	0	0	0.00
2	24,702,445	70.92	0	0.00	10,130,666	29.08	1,081	0.1
3	34,830,972	99.99	0	0.00	2,500	0.01	720	0.0
4	34,826,706	99.98	0	0.00	6,766	0.02	720	0.0
5	34,834,192	100	0	0.00	0	0	0	0.00
6	34,828,192	99.98	0	0.00	6,000	0.02	0	0.00
7	34,828,192	99.98	0	0.00	6,000	0.02	0	0.00
8	34,828,192	99.98	0	0.00	6,000	0.02	0	0.00
9	24,709,192	70.93	0	0.00	10,125,000	29.07	0	0.00
Special Resolution	For	%	Discretion *(voted in favour)***	%	Against	%	Abstain	%
10	34,828,526	99.98	0	0.00	5,666	0.02	0	0.00
11	34,828,526	99.98	0	0.00	5,666	0.02	0	0.00

Resolution 2 which in accordance with Article 51 of the Company's Articles of Incorporation and section 258 of the Law, offers KPMG Channel Islands as auditors of the Company up for re-appointment and Resolution 9 authorises the Company to make market purchases of up to 40% of the Company's issued share capital (excluding treasury shares), being 32,407,131 ordinary shares.   Both of these resolutions 2 and 9 passed with a majority of votes cast by shareholders in favour.   In common with the 2023 AGM, the Board understands the shareholder who voted against these Resolutions did not intend to vote against them, as it was the same shareholder who voted against Resolution 9 at the 2023 AGM and who did not intend to do so. 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, if different to the above understanding.

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 8,101,783 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 8,101,783 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

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