REG-Invesco Select Trust Plc: Tender Prices and Tender Purchases

Invesco Select TrustAnnouncement

19/04/2024 07:00

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY 
OR INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR
JAPAN. 

 

19 April 2024

 

Invesco Select Trust plc

 

Tender Prices and Tender Purchases

 

The Board of Invesco Select Trust plc (the “Company”) is pleased to
announce the Tender Prices, which have been calculated in accordance with the
Circular published on 15 February 2024 (the “Circular”).  The Tender
Prices and the number of each Share class to be repurchased are as follows: 
 

 

                                Tender Prices (pence per Share)  Number of Shares to be purchased  
 UK Equity Share Class          191.4796p                        9,985,591                         
 Balanced Risk Share Class      154.5140p                        714,610                           
 Managed Liquidity Share Class  110.3309p                        417,453                           

 

 

In accordance with the terms of the Tender Offer, the Shares will be purchased
by Winterflood on 23 April 2024 and all such Shares will then be repurchased
by the Company pursuant to the Repurchase Agreement and cancelled.  Payment
of Tender Offer proceeds will be made to Shareholders through CREST and
cheques for certificated Shareholders will be despatched on 29 April 2024.

 

The Company expects to make further announcements in relation to the
reclassification of non-Global Shares into Global Shares in due course.

 

Total voting rights

 

Following the repurchase of Shares pursuant to the Tender Offers the following
Shares in each Share class are in issue:

 

56,585,022  UK Equity Shares of 1p each plus 40,026,118 UK Equity Shares held
in Treasury;

25,546,911 Global Equity Income Shares of 1p each plus 16,930,122 Global
Equity Income Shares held in Treasury;

3,295,141 Balanced Risk Allocation Shares of 1p each plus 6,547,218 Balanced
Risk Allocation Shares held in Treasury; and

899,839 Managed Liquidity Shares of 1p each plus 9,393,678 Managed Liquidity
shares held in Treasury.

 

The number of votes per share of each class vary with the net asset value
(NAV) of the respective underlying portfolio and is determined in accordance
with the following formula:

 

V = A / B

 

Where

V is the number of votes for each share of a particular class;

A is the portfolio NAV for the relevant share class; and

B is the number of shares of the relevant class in issue (excluding Treasury
shares).

 

The value of A / B (the net asset value per share) for each class is
calculated and announced (expressed in pence) daily.

 

Applying the NAV per share as at 17 April 2024 for each share class the
resultant voting rights are as follows:

                                  Shares in issue         NAV applied  Voting Rights          
                                   (excluding treasury)                                       
 UK Equity Shares                 56,585,022              193.58p         109,537,285         
 Global Equity Income Shares      25,546,911              305.65p           78,084,133        
 Balanced Risk Allocation Shares  3,295,141               157.33p             5,184,245       
 Managed Liquidity Shares         899,839                 113.46p             1,020,957       
 Total                                                                 193,826,620            

 

Terms used and not defined in this announcement shall have the meaning given
to them in the Circular.

 

Enquiries:

 

 Invesco Asset Management Limited   +44 (0) 20 7543 3559  
 James Poole, Company Secretary                           
                                                          
 Invesco Fund Managers Limited      +44 (0)20 7543 3500   
 Will Ellis                                               
 John Armstrong-Denby                                     
                                                          
 Winterflood Securities Limited     +44 (0) 20 3100 0000  
 Neil Morgan                                              
 Darren Willis                                            
                                                          
 Cavendish Capital Markets Limited  +44 (0) 20 7397 8900  
 James King                                               
 Will Talkington                                          

 



Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved