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:
216,038 |
UK Equity Shares |
69,674 |
Global Equity Income Shares |
25,353 |
Balanced Risk Allocation Shares |
34,413 |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share
converted, holders will receive 0.758334 Global Equity Income
Shares, 1.167050 Balanced Risk Allocation Shares or 1.760141
Managed Liquidity Shares;
- For every Global Equity Income
Share converted, holders will receive 1.318680 UK Equity Shares,
1.538965 Balanced Risk Allocation Shares or 2.321062 Managed
Liquidity Shares;
- For every Balanced Risk
Allocation Share converted, holders will receive 0.856861 UK Equity
Shares, 0.649787 Global Equity Income Shares or 1.508197 Managed
Liquidity Shares;
- For every Managed Liquidity
Share converted, holders will receive 0.568136 UK Equity Shares,
0.430837 Global Equity Income Shares or 0.663043 Balanced Risk
Allocation Shares.
The Conversion Ratios, which will be effective on 1 August 2022, are based on the relative net
asset values of the Company’s Share classes as at close of business
on 21 July 2022.
Individual Shareholders’ entitlements on conversion on
1 August 2022 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 14 July 2022 in respect of the UK Equity, Global
Equity Income and Managed Liquidity Shares.
The net changes to the number of shares outstanding following
the conversion and allotments are as follows:
-161,875 |
UK Equity Shares |
+85,260 |
Global Equity Income Shares |
+44,643 |
Balanced Risk Allocation Shares |
+19,696 |
Managed Liquidity Shares |
+64,611 |
Deferred Shares |
As at 29 July 2022, the total
number of listed shares in issue (excluding shares held in
treasury) is:
73,085,657 |
UK Equity Shares |
24,860,784 |
Global Equity Income Shares |
4,170,938 |
Balanced Risk Allocation Shares |
1,238,254 |
Managed Liquidity Shares |
Following conversion, the total number of listed Shares in issue
(excluding shares held in treasury) will be:
72,923,782 |
UK Equity Shares |
24,946,044 |
Global Equity Income Shares |
4,215,581 |
Balanced Risk Allocation Shares |
1,257,950 |
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:
54,163 |
UK Equity Shares |
154,934 |
Global Equity Income Shares |
69,996 |
Balanced Risk Allocation Shares |
54,109 |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 2 August
2022. It is expected that Certificates in respect of the
Resulting Shares will be posted by 12 August
2022.
The Deferred Shares arising on the conversion will be
cancelled.
All as formally approved by the Board on 29 July 2022.
Contact:
James Poole
Senior Company Secretary
Invesco Asset Management Limited
0207 543 3559