INVESCO PERPETUAL SELECT TRUST PLC
LEI: 549300JZQ39WJPD7U596
Headline: Conversion
of Shares
The Board of Invesco Perpetual Select Trust plc (the ‘Company’)
announces that valid Conversion Notices have been received in
respect of:
21,068 |
UK Equity Shares |
zero |
Global Equity Income Shares |
zero |
Balanced Risk Shares |
zero |
Managed Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share converted, holders will receive
0.968711 Global Equity Income Shares, 1.383285 Balanced Risk Shares
or 1.780505 Managed Liquidity Shares;
- For every Global Equity Income Share converted, holders will
receive 1.032299 UK Equity Shares, 1.427964 Balanced Risk Shares or
1.838013 Managed Liquidity Shares;
- For every Balanced Risk Share converted, holders will receive
0.722917 UK Equity Shares, 0.700298 Global Equity Income Shares or
1.287156 Managed Liquidity Shares;
- For every Managed Liquidity Share converted, holders will
receive 0.561639 UK Equity Shares, 0.544066 Global Equity Income
Shares or 0.776906 Balanced Risk Shares.
The Conversion Ratios, which will be effective on 2 May 2017, are based on the relative net asset
values of the Company’s Share classes as at close of business on
20 April 2017.
Individual Shareholders’ entitlements on conversion on
2 May 2017 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 2017 in respect of the UK Equity and
Global Equity Income Shares.
The net changes to the number of shares outstanding following
the conversion and allotments are as follows:
-21,068 |
UK Equity Shares |
+20,408 |
Global Equity Income Shares |
- |
Balanced Risk Shares |
- |
Managed Liquidity Shares |
+661 |
Deferred Shares |
Following the conversion, the total number of listed Shares in
issue (excluding shares held in treasury) will be:
38,009,455 |
UK Equity Shares |
32,747,913 |
Global Equity Income Shares |
7,043,885 |
Balanced Risk Shares |
5,195,265 |
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:
zero |
UK Equity Shares |
20,408 |
Global Equity Income Shares |
zero |
Balanced Risk Shares |
zero |
Managed Liquidity Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 3 May
2017. It is expected that Certificates in respect of the
Resulting Shares will be posted by 12 May
2017.
The Deferred Shares arising on the conversion will be
cancelled.
The remaining conversion dates for 2017 are set out below.
Elections for conversion must be received by close of business ten
days prior to the respective conversion date. Where that day is not
a business day, elections by way of CREST must be transmitted and
properly authenticated by 6.00pm on
the last preceding business day. Written elections will be accepted
if received by the first post on the following business day.
Conversion Date |
Date by which elections
for conversion must be received |
1 August 2017 |
22 July 2017 |
1 November 2017 |
22 October 2017 |
Instructions on how to convert Shares
on any conversion date are available on the web pages of all the
share classes on the Investment Manager’s website:
www.invescoperpetual.co.uk/investmenttrusts and from the Company
Secretary.
25 April 2017
Contact: Angus
Pottinger 020 3753
1000