REG-Invesco Perp Sel Tst: Conversion of Securities

Invesco Select TrustAnnouncement

31/01/2019 15:05

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:

  146,195 UK Equity Shares                 
   43,724 Global Equity Income Shares      
   24,108 Balanced Risk Allocation Shares  
     zero Managed Liquidity Shares         

The respective Conversion Ratios were as follows:

-    For every UK Equity Share converted, holders will receive 0.875921
Global Equity Income Shares, 1.246933 Balanced Risk Allocation Shares or
1.605868 Managed Liquidity Shares;

-    For every Global Equity Income Share converted, holders will receive
1.141655 UK Equity Shares, 1.423567 Balanced Risk Allocation Shares or
1.833348 Managed Liquidity Shares;

-    For every Balanced Risk Allocation Share converted, holders will
receive 0.801968 UK Equity Shares, 0.702461 Global Equity Income Shares or
1.287855 Managed Liquidity Shares;

-    For every Managed Liquidity Share converted, holders would receive
0.622716 UK Equity Shares, 0.545450 Global Equity Income Shares or 0.776485
Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 1 February 2019, are based
on the relative net asset values of the Company’s Share classes as at close
of business on 24 January 2019.

Individual Shareholders’ entitlements on conversion on 1 February 2019 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 13 December 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:

  -113,591 UK Equity Shares                 
   +84,331 Global Equity Income Shares      
    -4,698 Balanced Risk Allocation Shares  
   +33,852 Managed Liquidity Shares         
   +18,141 Deferred Shares                  

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

  34,303,468 UK Equity Shares                 
  32,338,951 Global Equity Income Shares      
   5,873,169 Balanced Risk Allocation Shares  
   4,572,574 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:

   32,604 UK Equity Shares                 
  128,055 Global Equity Income Shares      
   19,410 Balanced Risk Allocation Shares  
   33,852 Managed Liquidity Shares         

Dealings in such shares are expected to commence at 8.00 a.m. on 4 February
2019. It is expected that Certificates in respect of the Resulting Shares will
be posted by 15 February 2019.

The Deferred Shares arising on the conversion will be cancelled.

The remaining 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 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 January 2019

Contact:        Angus Pottinger        020 3753 1000



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