INVESCO SELECT TRUST PLC
LEI: 549300JZQ39WJPD7U596
Headline:
Conversion of Shares
The Board of Invesco Select Trust plc (the ‘Company’) announces
that valid Conversion Notices have been received in respect of:
727,539 |
UK Equity Shares |
133,316 |
Global Equity Income Shares |
15,662 |
Balanced Risk Allocation Shares |
1,559 |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share
converted, holders will receive 0.793280 Global Equity Income
Shares, 1.139028 Balanced Risk Allocation Shares or 1.834707
Managed Liquidity Shares;
- For every Global Equity Income
Share converted, holders will receive 1.260588 UK Equity Shares,
1.435845 Balanced Risk Allocation Shares or 2.312809 Managed
Liquidity Shares;
- For every Balanced Risk
Allocation Share converted, holders will receive 0.877942 UK Equity
Shares, 0.696454 Global Equity Income Shares or 1.610765 Managed
Liquidity Shares;
- For every Managed Liquidity
Share converted, holders will receive 0.545046 UK Equity Shares,
0.432375 Global Equity Income Shares or 0.620823 Balanced Risk
Allocation Shares.
The Conversion Ratios, which will be effective on 1 November 2021, are based on the relative net
asset values of the Company’s Share classes as at close of business
on 21 October 2021.
Individual Shareholders’ entitlements on conversion on
1 November 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
5 October 2021 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:
-578,188 |
UK Equity Shares |
+375,541 |
Global Equity Income Shares |
+83,750 |
Balanced Risk Allocation Shares |
+57,345 |
Managed Liquidity Shares |
+135,236 |
Deferred Shares |
As at 29 October 2021, the total
number of listed shares in issue (excluding shares held in
treasury) is:
78,754,303 |
UK Equity Shares |
24,551,255 |
Global Equity Income Shares |
4,180,019 |
Balanced Risk Allocation Shares |
1,434,708 |
Managed Liquidity Shares |
Following conversion, the total number of listed Shares in issue
(excluding shares held in treasury) will be:
78,226,115 |
UK Equity Shares |
24,926,796 |
Global Equity Income Shares |
4,263,769 |
Balanced Risk Allocation Shares |
1,492,053 |
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:
149,351 |
UK Equity Shares |
508,857 |
Global Equity Income Shares |
99,412 |
Balanced Risk Allocation Shares |
58,904 |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 2 November
2021. It is expected that Certificates in respect of the
Resulting Shares will be posted by 15
November 2021.
The Deferred Shares arising on the conversion will be
cancelled.
All as formally approved by the Board on 29 October 2021.
29 October 2021
Contact: Guy Short
020 3753 0079