INVESCO PERPETUAL SELECT TRUST PLC
LEI: 549300JZQ39WJPD7U596
Headline: Conversion
of Shares
The Board of Invesco Perpetual Select Trust plc (the ‘Company’)
announces that valid Conversion Notices have been received in
respect of:
45,364 |
UK Equity Shares |
zero |
Global Equity Income Shares |
131,319 |
Balanced Risk Allocation Shares |
zero |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share converted, holders
will receive 0.859996 Global Equity Income Shares, 1.245306
Balanced Risk Allocation Shares or 1.695137 Managed Liquidity
Shares;
- For every Global Equity Income Share
converted, holders will receive 1.162797 UK Equity Shares, 1.448038
Balanced Risk Allocation Shares or 1.971100 Managed Liquidity
Shares;
- For every Balanced Risk Allocation Share
converted, holders will receive 0.803015 UK Equity Shares, 0.690590
Global Equity Income Shares or 1.361221 Managed Liquidity
Shares;
- For every Managed Liquidity Share converted,
holders would receive 0.589923 UK Equity Shares, 0.507331 Global
Equity Income Shares or 0.734635 Balanced Risk Allocation
Shares.
The Conversion Ratios, which will be effective on 1 May 2019, are based on the relative net asset
values of the Company’s Share classes as at close of business on
25 April 2019.
Individual Shareholders’ entitlements on conversion on
1 May 2019 will be rounded down to
the nearest whole number of Shares. Fractional entitlements will be
aggregated and sold in the market. The Shares arising or allotted
pursuant to the conversion will rank pari passu with the
existing Shares of the relevant class and, for the avoidance of
doubt, will not rank for the dividends declared on 17 April 2019 in respect of the UK Equity and
Global Equity Income Shares.
The net changes to the number of shares outstanding following
the conversion and allotments are as follows:
-26,373 |
UK Equity Shares |
+49,283 |
Global Equity Income Shares |
-126,523 |
Balanced Risk Allocation Shares |
+119,787 |
Managed Liquidity Shares |
+16,565 |
Deferred Shares |
Following the conversion, the total number of listed Shares in
issue (excluding shares held in treasury) will be:
33,464,595 |
UK Equity Shares |
31,938,234 |
Global Equity Income Shares |
5,681,646 |
Balanced Risk Allocation Shares |
4,422,361 |
Managed Liquidity Shares |
The Company has applied for the following numbers of Shares
arising or allotted pursuant to conversion to be admitted to the
Official List and to trading on the London Stock Exchange:
18,991 |
UK Equity Shares |
49,283 |
Global Equity Income Shares |
4,796 |
Balanced Risk Allocation Shares |
119,787 |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 2 May
2019. It is expected that Certificates in respect of the
Resulting Shares will be posted by 16 May
2019.
The Deferred Shares arising on the conversion will be
cancelled.
The remaining conversion dates for 2019 are set out below.
Elections for conversion must be received by close of business ten
days prior to the respective conversion date. Where that day is not
a business day, elections by way of CREST must be transmitted and
properly authenticated by 6.00pm on
the last preceding business day. Written elections will be accepted
if received by the first post on the following business day.
Conversion Date |
Date by which elections
for conversion must be received |
1 August 2019 |
22 July 2019 |
1 November 2019 |
22 October 2019 |
Instructions on how to convert Shares
on any conversion date are available on the web pages of all the
share classes on the Investment Manager’s website:
www.invesco.co.uk/investmenttrusts and from the Company
Secretary.
30 April 2019
Contact: Angus
Pottinger 020 3753
1000