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:
8,612 |
UK Equity Shares |
5,126 |
Global Equity Income Shares |
146,663 |
Balanced Risk Allocation Shares |
703,644 |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share converted,
holders will receive 0.763394 Global Equity Income Shares, 1.032403
Balanced Risk Allocation Shares or 1.595131 Managed Liquidity
Shares;
- For every Global Equity Income Share
converted, holders will receive 1.309940 UK Equity Shares, 1.352386
Balanced Risk Allocation Shares or 2.089525 Managed Liquidity
Shares;
- For every Balanced Risk Allocation
Share converted, holders will receive 0.968614 UK Equity Shares,
0.739434 Global Equity Income Shares or 1.545065 Managed Liquidity
Shares;
- For every Managed Liquidity Share
converted, holders will receive 0.626908 UK Equity Shares, 0.478578
Global Equity Income Shares or 0.647222 Balanced Risk Allocation
Shares.
The Conversion Ratios, which will be effective on 1 February 2021, are based on the relative net
asset values of the Company’s Share classes as at close of business
on 21 January 2021.
Individual Shareholders’ entitlements on conversion on
1 February 2021 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
11 December 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:
+575,172 |
UK Equity Shares |
+2,966 |
Global Equity Income Shares |
-143,595 |
Balanced Risk Allocation Shares |
-701,812 |
Managed Liquidity Shares |
+269,612 |
Deferred Shares |
Based on shares in issue on 21 January
2021 calculation date, following the conversion, the total
number of listed Shares in issue (excluding shares held in
treasury) will be:
27,446,892 |
UK Equity Shares |
25,559,988 |
Global Equity Income Shares |
4,229,911 |
Balanced Risk Allocation Shares |
1,818,871 |
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:
583,784 |
UK Equity Shares |
8,092 |
Global Equity Income Shares |
3,068 |
Balanced Risk Allocation Shares |
1,832 |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 2 February
2021. It is expected that Certificates in respect of the
Resulting Shares will be posted by 15
February 2021.
The Deferred Shares arising on the conversion will be
cancelled.
All as formally approved by the Board on 29 January 2021.
The remaining conversion dates for 2021 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 |
4 May 2021 |
24 April 2021 |
2 August 2021 |
23 July 2021 |
1 November 2021 |
22 October 2021 |
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.
.
29 January 2021
Contact: Paul
Griggs 020 3753 1000