REG-Invesco Perp Sel Tst: Conversion of Securities

Invesco Select TrustAnnouncement

30/04/2019 15:15

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:

   45,364 UK Equity Shares                 
     zero Global Equity Income Shares      
  131,319 Balanced Risk Allocation Shares  
     zero Managed Liquidity Shares         

The respective Conversion Ratios were as follows:

-    For every UK Equity Share converted, holders will receive 0.859996
Global Equity Income Shares, 1.245306 Balanced Risk Allocation Shares or
1.695137 Managed Liquidity Shares;

-    For every Global Equity Income Share converted, holders will receive
1.162797 UK Equity Shares, 1.448038 Balanced Risk Allocation Shares or
1.971100 Managed Liquidity Shares;

-    For every Balanced Risk Allocation Share converted, holders will
receive 0.803015 UK Equity Shares, 0.690590 Global Equity Income Shares or
1.361221 Managed Liquidity Shares;

-    For every Managed Liquidity Share converted, holders would receive
0.589923 UK Equity Shares, 0.507331 Global Equity Income Shares or 0.734635
Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 1 May 2019, are based on the
relative net asset values of the Company’s Share classes as at close of
business on 25 April 2019.

Individual Shareholders’ entitlements on conversion on 1 May 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 17 April 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:

   -26,373 UK Equity Shares                 
   +49,283 Global Equity Income Shares      
  -126,523 Balanced Risk Allocation Shares  
  +119,787 Managed Liquidity Shares         
   +16,565 Deferred Shares                  

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

  33,464,595 UK Equity Shares                 
  31,938,234 Global Equity Income Shares      
   5,681,646 Balanced Risk Allocation Shares  
   4,422,361 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:

   18,991 UK Equity Shares                 
   49,283 Global Equity Income Shares      
    4,796 Balanced Risk Allocation Shares  
  119,787 Managed Liquidity Shares         

Dealings in such shares are expected to commence at 8.00 a.m. on 2 May 2019.
It is expected that Certificates in respect of the Resulting Shares will be
posted by 16 May 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 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.

30 April 2019

Contact:        Angus Pottinger        020 3753 1000



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