IVPH Inv.Perp.Sel Hd

 
TIDMIVPG TIDMIVPH TIDMIVPM TIDMIVPU 
 
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: 
 
         12,632 UK Equity Shares 
 
        275,862 Global Equity Shares 
 
        798,655 Elected Hedge Fund Shares 
 
        931,545 Managed Liquidity Shares 
 
The respective Conversion Ratios were as follows: 
 
  * For every UK Equity Share converted, holders will receive 0.85252 Global 
    Equity Shares, 0.88801 Hedge Fund Shares or 0.98665 Managed Liquidity 
    Shares; 
 
  * For every Global Equity Share converted, holders will receive 1.17300 UK 
    Equity Shares, 1.04163 Hedge Fund Shares or 1.15734 Managed Liquidity 
    Shares; 
 
  * For every Elected Hedge Fund Share converted, holders will receive 1.12612 
    UK Equity Shares, 0.96003 Global Equity Shares or 1.11109 Managed Liquidity 
    Shares; 
 
  * For every Managed Liquidity Share converted, holders will receive 1.01353 
    UK Equity Shares, 0.86405 Global Equity Shares or 0.90002 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 21 April 2011. 
 
 
 
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 12 April 
2011 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: 
 
     +1,562,424 UK Equity Shares 
 
       +203,364 Global Equity Shares 
 
       -790,477 Hedge Fund Shares 
 
       -898,644 Managed Liquidity Shares 
 
        +31,532 Deferred Shares 
 
Following the conversion, the total number of listed Shares in issue (excluding 
shares held in treasury) will be: 
 
 
 
      40,184,381 UK Equity Shares 
 
      32,063,638 Global Equity Shares 
 
      11,207,810 Hedge Fund Shares; and 
 
       8,349,385 Managed Liquidity Shares 
 
 
 
The Company has applied for following numbers of Shares arising or allotted 
pursuant to 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 3 May 2011.  It is expected 
that Certificates in respect of the Resulting Shares will be posted by 17 May 
2011. 
 
       1,575,056 UK Equity Shares 
 
         479,226 Global Equity Shares 
 
           8,178 Hedge Fund Shares; and 
 
          32,901 Managed Liquidity Shares 
 
The Deferred Shares, which have negligible economic value, will be purchased by 
the Company for a nominal sum and cancelled. 
 
28 April 2011 
 
Contact: Angus Pottinger 020 7065 3714 
 
 
 
END 
 

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