REG-Invesco Perp Sel Tst: Conversion of Securities

Invesco Select TrustAnnouncement

30/10/2020 14:25

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:

   21,750 UK Equity Shares                 
   10,185 Global Equity Income Shares      
  155,742 Balanced Risk Allocation Shares  
  380,777 Managed Liquidity Shares         

The respective Conversion Ratios were as follows:

-    For every UK Equity Share converted, holders will receive 0.778190
Global Equity Income Shares, 0.995878 Balanced Risk Allocation Shares or
1.385534 Managed Liquidity Shares;

-    For every Global Equity Income Share converted, holders will receive
1.285034 UK Equity Shares, 1.279737 Balanced Risk Allocation Shares or
1.780458 Managed Liquidity Shares;

-    For every Balanced Risk Allocation Share converted, holders will
receive 1.004139 UK Equity Shares, 0.781410 Global Equity Income Shares or
1.391269 Managed Liquidity Shares;

-    For every Managed Liquidity Share converted, holders would receive
0.721743 UK Equity Shares, 0.561653 Global Equity Income Shares or 0.718768
Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 2 November 2020, are based
on the relative net asset values of the Company’s Share classes as at close
of business on 22 October 2020.

Individual Shareholders’ entitlements on conversion on 2 November 2020 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 6 October 2020 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:

  +122,471 UK Equity Shares                 
  +210,904 Global Equity Income Shares      
  -147,022 Balanced Risk Allocation Shares  
  -340,649 Managed Liquidity Shares         
  +168,689 Deferred Shares                  

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

  29,501,720 UK Equity Shares                 
  26,587,022 Global Equity Income Shares      
   5,086,506 Balanced Risk Allocation Shares  
   2,720,683 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:

  144,221 UK Equity Shares                 
  221,089 Global Equity Income Shares      
    8,720 Balanced Risk Allocation Shares  
   40,128 Managed Liquidity Shares         

Dealings in such shares are expected to commence at 8.00 a.m. on 3 November
2020. It is expected that Certificates in respect of the Resulting Shares will
be posted by 16 November 2020.

The Deferred Shares arising on the conversion will be cancelled.

All as formally approved by the Board on 30 October 2020.

.

30 October 2020

Contact:        Paul Griggs    020 3753 1000



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