Last checked at 5 May 2017 12:42
Weiss Korea Opportunity Fund - Holding(s) in CompanyWeiss Korea Opportunity Fund - Holding(s) in Company
PR Newswire
London, May 5
| For filings with the FCA include the annex | |||||
| For filings with issuer exclude the annex | |||||
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | Weiss Korea Opportunity Fund Ltd | ||||
| 2 Reason for the notification (please tick the appropriate box or boxes): | |||||
| An acquisition or disposal of voting rights | |||||
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||||
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||||
| An event changing the breakdown of voting rights | Yes | ||||
| Other (please specify): | |||||
| 3. Full name of person(s) subject to the notification obligation: iii | Ruffer LLP (for its discretionary clients of the Ruffer Group) | ||||
| 4. Full name of shareholder(s) (if different from 3.):iv | |||||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 03 May 2017 | ||||
| 6. Date on which issuer notified: | 05 May 2017 | ||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 11% to 12% | ||||
| 8. Notified details: | ||||||||||||||||
| A: Voting rights attached to shares viii, ix | ||||||||||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
| GG00B933LL68 | 11,500,000 | 11,500,000 | 11,500,000 | 11,500,000 | - | 12% | - | |||||||||
| B: Qualifying Financial Instruments | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
| Resulting situation after the triggering transaction | ||||||||||||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
| Nominal | Delta | |||||||||||||||
| Total (A+B+C) | ||||||||||||||||
| Number of voting rights | Percentage of voting rights | |||||||||||||||
| 11,500,000 | 12% | |||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
| N/A | ||
| Proxy Voting: | ||
| 10. Name of the proxy holder: | N/A | |
| 11. Number of voting rights proxy holder will cease to hold: | ||
| 12. Date on which proxy holder will cease to hold voting rights: | ||
| 13. Additional information: | Ruffer LLP controls the voting rights over 11,500,000 shares (now 12% of the voting rights) of Weiss Korea Opportunity Fund Ltd which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP). This change from 11% to 12% is due to a change in the issued share capital of Weiss Korea Opportunity Fund Ltd (decreased to 93,909,750 shares) on 3 May. The number of shares held by Ruffer remains the same. | |
| 14. Contact name: | Louise Stanway | |
| 15. Contact telephone number: | 020 7963 8146 | |