Proposals for reconstruction
10 Giugno 2010 - 8:30AM
UK Regulatory
TIDMIEI
Invesco English and International Trust plc
Proposals for reconstruction
10 June 2010
Further to the announcement of 21 April 2010, the Board of Invesco English and
International Trust plc (the "Company") has now conducted a review of the
options available to the Company which will enable those shareholders wishing
to exit to do so without prejudicing remaining shareholders. Having considered
these options, as well as a number of proposals received from third parties,
and consulted with the Company's major shareholders, the Board announces that
it expects to put proposals to shareholders (most likely in the form of a s.110
scheme) which would result in the liquidation of the Company (the "Proposals").
The Proposals are intended to provide shareholders with the option to elect for
a full, structured cash exit and currently are expected to provide the option
of a rollover into the Invesco Perpetual UK Smaller Companies Growth Fund, an
open ended fund managed by Andy Crossley, the Company's fund manager, with a
substantially similar portfolio to that of the Company.
The Company expects to post a circular to shareholders in respect of the
Proposals in early August, with general meetings being convened early to mid
September. A further announcement will be made in due course.
Contacts:
John Sands (Chairman) 020 7065 3249
Invesco
Tim Mitchell 020 7065 3555
Collins Stewart
Andrew Zychowski 020 7523 8363
Lucy Lewis 020 7523 8360
Collins Stewart Europe Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as adviser to Invesco
English and International Trust plc and is acting for no-one else in connection
with the strategic review and the contents of this announcement, and will not
be responsible to anyone other than the Company for providing the protections
afforded to clients of Collins Stewart Europe Limited nor for providing advice
in connection with the strategic review and the contents of this announcement
or any other matter referred to herein. Collins Stewart Europe Limited is not
responsible for the contents of this announcement. This does not exclude or
limit any responsibilities which Collins Stewart Europe Limited may have under
the Financial Services and Markets Act 2000 or the regulatory regime
established thereunder.
END
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