REG-Invesco Perp Sel Tst: Conversion of Securities

Invesco Select TrustAnnouncement

31/10/2018 14:55

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:

   25,945 UK Equity Shares                 
   20,248 Global Equity Income Shares      
  260,949 Balanced Risk Allocation Shares  
   28,711 Managed Liquidity Shares         

The respective Conversion Ratios were as follows:

-    For every UK Equity Share converted, holders will receive 0.848112
Global Equity Income Shares, 1.247361 Balanced Risk Allocation Shares or
1.595856 Managed Liquidity Shares;

-    For every Global Equity Income Share converted, holders will receive
1.179090 UK Equity Shares, 1.470750 Balanced Risk Allocation Shares or
1.881657 Managed Liquidity Shares;

-    For every Balanced Risk Allocation Share converted, holders will
receive 0.801693 UK Equity Shares, 0.679925 Global Equity Income Shares or
1.279386 Managed Liquidity Shares;

-    For every Managed Liquidity Share converted, holders will receive
0.626623 UK Equity Shares, 0.531447 Global Equity Income Shares or 0.781625
Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 1 November 2018, are based
on the relative net asset values of the Company’s Share classes as at close
of business on 25 October 2018.

Individual Shareholders’ entitlements on conversion on 1 November 2018 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 4 October 2018 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:

   -25,384 UK Equity Shares                 
  +193,953 Global Equity Income Shares      
  -237,107 Balanced Risk Allocation Shares  
   -21,095 Managed Liquidity Shares         
  +100,834 Deferred Shares                  

Following the conversion, the total number of listed Shares in issue
(excluding shares held in treasury) will be:

  34,732,059 UK Equity Shares                 
  32,604,620 Global Equity Income Shares      
   5,877,867 Balanced Risk Allocation Shares  
   4,688,722 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:

      561 UK Equity Shares                 
  214,201 Global Equity Income Shares      
   23,842 Balanced Risk Allocation Shares  
    7,616 Managed Liquidity Shares         

Dealings in such shares are expected to commence at 8.00 a.m. on 2 November
2018. It is expected that Certificates in respect of the Resulting Shares will
be posted by 14 November 2018.

The Deferred Shares arising on the conversion will be cancelled.

The 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 February 2019  22 January 2019                                          
 1 May 2019       21 April 2019                                            
 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.

31 October 2018

Contact:        Angus Pottinger        020 3753 1000



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