REG-Invesco Perp Sel Tst: AGM Statement

Invesco Select TrustAnnouncement

04/10/2018 15:50

Invesco Perpetual Select Trust plc

Result of AGM

Result of the Annual General Meeting of Invesco Perpetual Select Trust plc
held on
4 October 2018:

All of the resolutions put to shareholders at the Meeting were decided by poll
and were passed.  The poll results were as follows:

.

Resolutions applicable to all share classes, with voting rights based on the
net asset values of the respective share classes at close of business on 2
October 2018:

  Resolution  Votes For (including votes at the discretion of the Chairman)    Votes Against    Votes Withheld 

Ordinary resolutions:

  1.  18,146,625  100.0%        -     -      - 
  2.  18,039,116   99.4%  105,006  0.6%  2,502 
  3.  18,041,618   99.4%  105,006  0.6%      - 
  4.  18,045,143   99.4%  101,481  0.6%      - 
  5.  18,047,361   99.5%   97,496  0.5%  1,767 
  6.  18,047,361   99.5%   99,264  0.5%      - 
  7.  18,049,128   99.5%   97,496  0.5%      - 
  8.  18,049,128   99.5%   97,496  0.5%      - 
  9.  18,094,996   99.7%   50,893  0.3%    735 

Special resolutions:

  10.  18,072,992  99.7%  54,878  0.3%  18,754 
  11.  18,074,414  99.7%  54,685  0.3%  17,525 
  12.  18,074,349  99.6%  72,275  0.4%       - 

Total Voting Rights were 144,327,292.

Resolution 13 was applicable only to the UK Equity Share class, with voting
rights being one vote per share:

  Resolution  Votes For (including votes at the discretion of the Chairman)    Votes Against    Votes Withheld 

Ordinary resolution:

  13.  3,256,932  100.0%  -  -  - 

Total Voting Rights applicable for this resolution were 34,757,443

Resolution 14 was applicable only to the Global Equity Income Share class,
with voting rights being one vote per share:

  Resolution  Votes For (including votes at the discretion of the Chairman)    Votes Against    Votes Withheld 

Ordinary resolution:

  14.  3,973,732  100.0%  -  -  602 

Total Voting Rights applicable for this resolution were 32,410,667.

As portended in the annual financial report Sir Michael Bunbury retired from
the Board at the conclusion of the meeting.

.

The full text of the resolutions passed is as follows:

Ordinary Resolutions applicable to all share classes:

The following Ordinary Resolutions were passed at the Annual General Meeting
held on 4 October 2018:

1.     To receive the Annual Financial Report for the year ended 31 May
2018.

2.     To approve the Directors’ Remuneration Policy.

3.     To approve the Annual Statement and Report on Remuneration.

4.     To elect Graham Kitchen a Director of the Company.

5.     To re-elect Victoria Muir a Director of the Company.

6.     To re-elect Patrick Giffordf a Director of the Company.

7.     To re-elect Alan Clifton a Director of the Company.

8.     To re-appoint Grant Thornton UK LLP as Auditor to the Company and
authorise the Audit Committee to determine the Auditor’s remuneration.

9.     THAT:

       the Directors be and they are hereby generally and
unconditionally authorised, for the purpose of section 551 of the Companies
Act 2006 as amended from time to time prior to the date of passing this
resolution (‘2006 Act’) to exercise all the powers of the Company to allot
relevant securities (as defined in sections 551(3) and (6) of the 2006 Act) up
to an aggregate nominal amount equal to £1,000,000 of UK Equity Shares,
£1,000,000 of Global Equity Income Shares, £1,000,000 of Balanced Risk
Allocation Shares and £1,000,000 of Managed Liquidity Shares, provided that
this authority shall expire at the conclusion of the next AGM of the Company
or the date falling fifteen months after the passing of this resolution,
whichever is the earlier, but so that such authority shall allow the Company
to make offers or agreements before the expiry of this authority which would
or might require relevant securities to be allotted after such expiry and the
Directors may allot relevant securities in pursuance of such offers or
agreements as if the power conferred hereby had not expired.

Special Resolutions:

The following Special Resolutions were passed at the Annual General Meeting
held on 4 October 2018:

10.   THAT:

       the Directors be and they are hereby empowered, in accordance
with sections 570 and 573 of the Companies Act 2006 as amended from time to
time prior to the date of the passing of this resolution (‘2006 Act’) to
allot Shares in each class (UK Equity, Global Equity Income, Balanced Risk
Allocation and Managed Liquidity) for cash, either pursuant to the authority
given by resolution 9 set out above or (if such allotment constitutes the sale
of relevant Shares which, immediately before the sale, were held by the
Company as treasury shares) otherwise, as if section 561 of the 2006 Act did
not apply to any such allotment, provided that this power shall be limited:

       (a)   to the allotment of Shares in connection with a rights
issue in favour of all holders of a class of Share where the Shares
attributable respectively to the interests of all holders of Shares of such
class are either proportionate (as nearly as may be) to the respective numbers
of relevant Shares held by them or are otherwise allotted in accordance with
the rights attaching to such Shares (subject in either case to such exclusions
or other arrangements as the Directors may deem necessary or expedient in
relation to fractional entitlements or legal or practical problems under the
laws of, or the requirements of, any regulatory body or any stock exchange in
any territory or otherwise);

       (b)   to the allotment (otherwise than pursuant to a rights
issue) of equity securities up to an aggregate nominal amount of £35,536 of
UK Equity Shares, £32,756 of Global Equity Income Shares, £6,229 of Balanced
Risk Allocation Shares and £4,700 of Managed Liquidity Shares; and

       (c)   to the allotment of equity securities at a price of not
less than the net asset value per Share as close as practicable to the
allotment or sale

       and this power shall expire at the conclusion of the next AGM of
the Company or the date fifteen months after the passing of this resolution,
whichever is the earlier, but so that this power shall allow the Company to
make offers or agreements before the expiry of this power which would or might
require equity securities to be allotted after such expiry as if the power
conferred by this resolution had not expired; and so that words and
expressions defined in or for the purposes of Part 17 of the 2006 Act shall
bear the same meanings in this resolution.

11.   THAT:
the Company be generally and subject as hereinafter appears unconditionally
authorised in accordance with section 701 of the Companies Act 2006 as amended
from time to time prior to the date of passing this resolution (‘2006
Act’) to make market purchases (within the meaning of section 693(4) of the
2006 Act) of its issued Shares in each Share class (UK Equity, Global Equity
Income, Balanced Risk and Managed Liquidity).

PROVIDED ALWAYS THAT

        (i)     the maximum number of Shares hereby authorised to
be purchased shall be 14.99% of each class of the Company’s share capital at
4 October 2018, the date of the Annual General Meeting, being 5,210,140 UK
Equity Shares, 4,858,359 Global Equity Income Shares, 916,634 Balanced Risk
Allocation Shares and 706,001 Managed Liquidity Shares;

       (ii)    the minimum price which may be paid for a Share shall
be 1p;

       (iii)    the maximum price which may be paid for a Share in
each Share class shall be an amount equal to 105% of the average of the middle
market quotations for a Share taken from and calculated by reference to the
London Stock Exchange Daily Official List for five business days immediately
preceding the day on which the Share is purchased;

       (iv)   any purchase of Shares will be made in the market for
cash at prices below the prevailing net asset value per Share (as determined
by the Directors);

       (v)    the authority hereby conferred shall expire at the
conclusion of the next AGM of the Company or, if earlier, on the expiry of 15
months from the passing of this resolution unless the authority is renewed at
any other general meeting prior to such time; and

       (vi)   the Company may make a contract to purchase Shares under
the authority hereby conferred prior to the expiry of such authority which
will be executed wholly or partly after the expiration of such authority and
may make a purchase of Shares pursuant to any such contract.

12.   THAT:
the period of notice required for general meetings of the Company (other than
Annual General Meetings) shall be not less than 14 days.

Ordinary Resolution applicable only to the UK Equity Share Class:

13.   To approve the UK Equity Share Class Portfolio dividend payment policy
as set out on pages 33 and 34 of the 2018 annual financial report.

Ordinary Resolution applicable only to the Global Equity Income Share Class:

14.   To approve the Global Equity Income Share Class Portfolio dividend
payment policy as set out on page 34 of the 2018 annual financial report.

Invesco Asset Management Limited
Corporate Company Secretary
4 October 2018



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