Brief: Invesco Select Trust Says Undertaken Review Of Company And Its Strategy

Invesco Select Trust

14/12/2023 07:32

Dec 14 (Reuters) - Invesco Select Trust PLC  IVPU.L :
    * INVESCO SELECT TRUST PLC - UNDERTAKEN A REVIEW OF COMPANY
AND
ITS STRATEGY
    * INVESCO SELECT TRUST PLC - INTENDS TO PUT FORWARD
PROPOSALS TO
COMPANY'S SHAREHOLDERS TO SIMPLIFY COMPANY'S CORPORATE STRUCTURE
    * INVESCO SELECT TRUST PLC - WILL PROVIDE SMALLER SHARE
CLASSES
WITH OPPORTUNITY FOR A FULL CASH EXIT THROUGH A TENDER OFFER
    * INVESCO SELECT TRUST PLC - TENDER OFFER PRICES WILL BE
BASED ON
NAVS OF RESPECTIVE SHARE CLASS LESS COSTS OF PROPOSALS LESS A 2
PER CENT. DISCOUNT
    * INVESCO SELECT TRUST - CONSOLIDATION WOULD RESULT IN
COMPANY
HAVING NET ASSETS OF APPROXIMATELY £182 MILLION
    * INVESCO SELECT TRUST PLC - IF PROPOSALS ARE APPROVED,
BOARD
INTENDS TO PUT FORWARD A VOTE AT COMPANY'S AGM IN 2026 FOR
CONTINUATION OF COMPANY
    * INVESCO SELECT - IF 2026 CONTINUATION VOTE IS PASSED, WILL
PUT
FORWARD CONTINUATION VOTE AT AGM IN 2031 AND, AT EACH FIFTH AGM
THEREAFTER
    * INVESCO SELECT : INTENDS TO INTRODUCE DISCOUNT CONTROL
POLICY IN
ENLARGED GLOBAL SHARE CLASS, TO MAINTAIN DISCOUNT AT LESS THAN
10%
    * INVESCO SELECT TRUST PLC - DETERMINED TO POSTPONE
CONVERSION
THAT WOULD HAVE TAKEN PLACE IN FEBRUARY 2024

Source text for Eikon:  ID:nPRrE2663a 
Further company coverage:  IVPU.L 

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