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:
28,417 |
UK Equity Shares |
278,481 |
Global Equity Income Shares |
252,317 |
Balanced Risk Allocation Shares |
1,008,833 |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share converted, holders
will receive 0.876109 Global Equity Income Shares, 1.274797
Balanced Risk Allocation Shares or 1.790391 Managed Liquidity
Shares;
- For every Global Equity Income Share
converted, holders will receive 1.141410 UK Equity Shares, 1.455066
Balanced Risk Allocation Shares or 2.043570 Managed Liquidity
Shares;
- For every Balanced Risk Allocation Share
converted, holders will receive 0.784439 UK Equity Shares, 0.687254
Global Equity Income Shares or 1.404452 Managed Liquidity
Shares;
- For every Managed Liquidity Share converted,
holders would receive 0.558537 UK Equity Shares, 0.489340 Global
Equity Income Shares or 0.712022 Balanced Risk Allocation
Shares.
The Conversion Ratios, which will be effective on 3 February 2020, are based on the relative net
asset values of the Company’s Share classes as at close of business
on 23 January 2020.
Individual Shareholders’ entitlements on conversion on
3 February 2020 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
12 December 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:
+279,137 |
UK Equity Shares |
+403,391 |
Global Equity Income Shares |
-225,335 |
Balanced Risk Allocation Shares |
-1,007,652 |
Managed Liquidity Shares |
+596,001 |
Deferred Shares |
Following the conversion, the total number of listed Shares in
issue (excluding shares held in treasury) will be:
32,428,602 |
UK Equity Shares |
30,304,234 |
Global Equity Income Shares |
5,272,582 |
Balanced Risk Allocation Shares |
2,559,814 |
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:
307,554 |
UK Equity Shares |
681,872 |
Global Equity Income Shares |
26,982 |
Balanced Risk Allocation Shares |
1,181 |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 4 February
2020. It is expected that Certificates in respect of the
Resulting Shares will be posted by 17
February 2020.
The Deferred Shares arising on the conversion will be
cancelled.
The remaining conversion dates for 2020 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 May 2020 |
21 April 2020 |
3 August 2020 |
24 July 2020 |
2 November 2020 |
23 October 2020 |
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 January 2020
Contact: Paul
Griggs 020 3753 1000