Invesco Perp Sel Tst Notice of GM
November 12 2019 - 3:18AM
UK Regulatory
TIDMIVPB TIDMIVPG TIDMIVPM TIDMIVPU
Invesco Perpetual Select Trust Plc ('the Company')
Notice of General Meeting
The Board of the Company has called a General Meeting to be held on 12 December
2019 at 11.30am at 43-45 Portman Square, London W1H 6LY, in order to renew the
Company's authority to make market purchases of its own Shares.
At the Annual General Meeting held on 3 October 2019, the Company was
authorised in accordance with section 701 of the Companies Act 2006 to make
market purchases of Ordinary Shares up to a maximum number equating to 14.99
per cent. of the Ordinary Shares of each share class then in issue. In the case
of the Managed Liquidity Shares this maximum number has been exhausted. The
Board considers it to be prudent to seek Shareholder approval to renew the
authority for this share class to ensure that the Company's discount control
strategy can continue to operate effectively. For good order, the Board is
seeking to update the buyback limits for the other share classes as well, even
though use of the authorities for these since the AGM has been modest.
The maximum number of Ordinary Shares of each class that may be purchased shall
be 14.99% of the Company's Ordinary Shares of that class in issue at the date
of the General Meeting. Repurchased Ordinary Shares may be either held in
treasury or cancelled.
The authority being sought will be utilised when financial and stock market
conditions allow and the Directors consider it to be in the best interests of
the Company and of its Shareholders as a whole.
A circular containing a Notice, together with a Form of Proxy, is being sent to
Shareholders today and will shortly be available on the Manager's website at
the following web addresses:
www.invesco.co.uk/selectuk
www.invesco.co.uk/selectglobal
www.invesco.co.uk/selectbr
www.invesco.co.uk/selectml
For and on behalf of
Invesco Asset Management Limited
Company Secretary
12 November 2019
Contact:
Paul Griggs 020 3753 1000
END
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