Conversion of Securities
April 30 2009 - 8:39AM
UK Regulatory
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INVESCO PERPETUAL SELECT TRUST PLC
Headline: Conversion of Shares
The Board of Invesco Perpetual Select Trust plc (the `Company') announces that
valid Conversion Notices have been received or deemed to have been received in
respect of:
469,508 UK Equity Shares
194,322 Global Equity Shares
3,014,074 Elected Hedge Fund Shares
1,197,046 Managed Liquidity Shares
The respective Conversion Ratios were as follows:
* For every UK Equity Share converted, holders will receive 0.81412 Global
Equity Shares, 0.71317 Hedge Fund Shares or 0.71585 Managed Liquidity
Shares;
* For every Global Equity Share converted, holders will receive 1.22832 UK
Equity Shares, 0.87601 Hedge Fund Shares or 0.87929 Managed Liquidity
Shares;
* For every Elected Hedge Fund Share converted, holders will receive 1.40218
UK Equity Shares, 1.14154 Global Equity Shares or 1.00375 Managed Liquidity
Shares;
* For every Managed Liquidity Share converted, holders will receive 1.39694
UK Equity Shares, 1.13728 Global Equity Shares or 0.99626 Hedge Fund
Shares.
The Conversion Ratios are based on the relative net asset values of the
Company's Share classes as at close of business on 24 April 2009.
Individual Shareholders' entitlements on conversion 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 16 April
2009 in respect of the UK Equity, Global Equity and Managed Liquidity Shares.
The net changes to the number of shares outstanding following the conversion
and allotments are as follows:
+1,462,255 UK Equity Shares
+1,532,843 Global Equity Shares
-2,883,807 Hedge Fund Shares
+500,048 Managed Liquidity Shares
+135,588 Deferred Shares
Following the conversion, the total number of listed Shares in issue (excluding
shares held in treasury) will be:
46,339,294 UK Equity Shares
35,957,118 Global Equity Shares
15,853,901 Hedge Fund Shares; and
19,809,100 Managed Liquidity Shares
The Company has applied for following numbers of Shares arising or allotted
pursuant conversion (other than the Deferred Shares) to be admitted to the
Official List and to trading on the London Stock Exchange. Dealings in such
shares are expected to commence at 8.00 a.m. on 1 May 2009. It is expected
that Certificates in respect of the Resulting Shares will be posted by 11 May
2009.
1,931,763 UK Equity Shares
1,727,165 Global Equity Shares
130,267 Hedge Fund Shares; and
1,697,094 Managed Liquidity Shares
The Deferred Shares, which have negligible economic value, will be purchased by
the company for a nominal sum and cancelled.
30 April 2009
Contact: Angus Pottinger 020 7065 3714
END
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