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:
|
290,352 UK
Equity Shares
|
|
81,976
Global Equity Income Shares
|
|
88,041
Balanced Risk Allocation Shares
|
|
7,324
Managed Liquidity Shares
|
The
respective Conversion Ratios were as follows:
- For
every UK Equity Share converted, holders will
receive 0.669400
Global Equity Income Shares, 1.222015 Balanced Risk Allocation
Shares or 1.697347 Managed Liquidity Shares;
- For
every Global Equity Income Share converted, holders will
receive 1.493875 UK Equity
Shares, 1.825539 Balanced Risk Allocation Shares or 2.535625
Managed Liquidity Shares;
- For
every Balanced Risk Allocation Share converted, holders will
receive 0.818320 UK Equity Shares, 0.547784 Global Equity Income
Shares or 1.388973 Managed Liquidity Shares; and
- For
every Managed Liquidity Share converted, holders will
receive 0.589155
UK Equity Shares, 0.394380 Global Equity Income Shares or 0.719956
Balanced Risk Allocation Shares.
The
Conversion Ratios, which will be effective on 1 August 2023, are based on the relative net
asset values of the Company's Share classes as at close of business
on 20 July 2023.
Individual
Shareholders' entitlements on conversion on 1 August 2023 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 13 July
2023 in respect of the UK Equity, Global Equity Income,
Balanced Risk Allocation and Managed Liquidity Shares.
The net
changes to the number of shares outstanding following the
conversion and allotments are as follows:
|
-228,495
UK Equity Shares
|
|
+108,847
Global Equity Income Shares
|
|
+78,597
Balanced Risk Allocation Shares
|
|
+2,668
Managed Liquidity Shares
|
|
+112,873
Deferred Shares
|
As at
28 July 2023, the total number of
listed shares in issue (excluding shares held in treasury)
is:
|
68,881,153
UK Equity Shares
|
|
25,135,742
Global Equity Income Shares
|
|
4,138,995
Balanced Risk Allocation Shares
|
|
1,251,360
Managed
Liquidity Shares
|
Following
conversion, the total number of listed Shares in issue (excluding
shares held in treasury) will be:
|
68,652,658
UK Equity Shares
|
|
25,244,589
Global Equity Income Shares
|
|
4,217,592
Balanced Risk Allocation Shares
|
|
1,254,028
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:
|
61,857 UK
Equity Shares
|
|
190,823
Global Equity Income Shares
|
|
166,638
Balanced Risk Allocation Shares
|
|
9,992
Managed Liquidity Shares
|
Dealings
in such shares are expected to commence at 8.00 a.m. on 2 August
2023. It is expected that Certificates in respect of the
Resulting Shares will be posted by 11 August
2023.
The
Deferred Shares arising on the conversion will be
cancelled.
All as
formally approved by the Board on 28 July
2023.
Contact:
James Poole
Senior
Company Secretary
Invesco
Asset Management Limited
0207 543
3559