THIS ANNOUNCEMENT AND THE INFORMATION
CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO,
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN
OR THE REPUBLIC OF SOUTH AFRICA OR
ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.
15 April
2021
LEI: 549300JZQ39WJPD7U596
Invesco Select
Trust plc
Result of General Meeting
The Board of Invesco Select Trust plc (the "Company") is
pleased to announce that the ordinary resolutions relating to the
issue of New Shares in connection with the proposed combination of
Invesco Income Growth Trust plc ("IIGT") with the assets of
the Company’s UK Equity Portfolio (the "Scheme") and the
amendment of the investment objective and the investment policy of
the UK Equity Portfolio to more closely reflect the investment
objective and policy of IIGT were duly passed by shareholders at
today's General Meeting. Additionally, the special resolution
seeking authority for the Company to buy back up to 14.99% of the
New Shares issued at Admission was also duly passed by
shareholders.
The Scheme remains conditional, amongst other things, upon:
a) the passing of the resolution to be proposed at the
Second General Meeting of IIGT;
b) the approval for the Admission of the New Shares to the
Official List with a Premium Listing; and
c) the IIGT Directors resolving to proceed with the
Scheme.
Capitalised terms used but not defined in this announcement will
have the same meaning as set out in the Company's Circular dated
30 March 2021 unless the context
otherwise requires.
The total number of proxy votes lodged was as follows:
Ordinary
Resolution
Number |
For and Discretionary |
Against |
Votes
Withheld |
Total Votes
(excluding Votes Withheld) |
No.
of |
%
of |
No.
of |
%
of |
Votes |
Votes
Cast |
Votes |
Votes
Cast |
|
1 |
23,958,018 |
99.9 |
34,564 |
0.1 |
21,568 |
23,992,582 |
2 |
23,958,018 |
99.9 |
34,564 |
0.1 |
21,568 |
23,992,582 |
Special
Resolution
Number |
For and Discretionary |
Against |
Votes
Withheld |
Total Votes
(excluding Votes Withheld) |
No.
of |
%
of |
No.
of |
%
of |
Votes |
Votes
Cast |
Votes |
Votes
Cast |
|
1 |
23,957,997 |
99.9 |
34,585 |
0.1 |
21,568 |
23,992,582 |
Expected Timetable
Calculation Date in
relation to the Scheme |
5.00 p.m. on 15 April
2021 |
IIGT Second General
Meeting |
11.00 a.m. on 23 April
2021 |
Effective date for
implementation of the Scheme |
23 April 2021 |
Dealings in New Shares
commence |
8.00 a.m. on 26 April
2021 |
For further information please
contact:
Invesco Asset Management
Limited
+44 (0) 20 3753 1000
Angus Pottinger
Will
Ellis
Investec Bank plc
+44
(0) 20 7597 4000
David Yovichic
Denis Flanagan
Important Information
This announcement contains information that is inside
information for the purposes of the retained UK law version of the
Market Abuse Regulation (EU) No. 596/2014. The person
responsible for arranging for the release of this announcement on
behalf of the Company is Shilla
Pindoria of Invesco Asset Management Limited.