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Invesco Select Trust Plc - Results of the Tender OffersInvesco Select Trust Plc - Results of the Tender Offers
PR Newswire
LONDON, United Kingdom, March 26
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION
26 March 2024
Invesco Select Trust plc
Results of the Tender Offers
The Board of Invesco Select Trust plc (the "Company") is pleased to announce the results of the Tender Offers elections following the Record Date for the Tender Offers, being 6.00 p.m. on 25 March 2024.
The Board announces the following number of Shares in each Tendering Share Class were validly tendered:
UK Equity Income Share Class | 18,661,785 |
Balanced Risk Share Class | 714,610 |
Managed Liquidity Share Class | 417,450 |
As stated within the Circular, UK Equity shareholders were entitled to tender up to 15 per cent. of their UK Equity Shares (the "Basic Entitlement"), they may also tender additional Shares but any such excess above the Basic Entitlement will only be satisfied, on a pro rata basis, to the extent that other UK Equity Shareholders tender less than their aggregate Basic Entitlement. Shareholders of the Managed Liquidity and Balanced Risk Share Classes were entitled to tender some or all of their Shares.
Accordingly, the Tender Offer on the UK Equity Share Class was oversubscribed. The Basic Entitlement of all UK Equity Shareholders who have validly tendered their Shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 33.57 per cent. of the excess Shares tendered. Consequently, 9,985,591 UK Equity Income Shares have been accepted.
The repurchase of Shares pursuant to the Tender Offers is contingent on the passing of various resolutions at the Company's General Meeting and various Class Meetings to be held on 27 March 2024 and a further announcement will follow the conclusion of those meetings.
Defined terms used in this announcement have the meanings given in the circular published by the Company on 15 February 2023, unless the context otherwise requires.
Enquiries:
Invesco Asset Management Limited | +44 (0) 20 7543 3559 |
James Poole, Company Secretary |
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Invesco Fund Managers Limited | +44 (0)20 7543 3500 |
Will Ellis |
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John Armstrong-Denby |
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Winterflood Securities Limited | +44 (0) 20 3100 0000 |
Neil Morgan |
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Darren Willis |
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Cavendish Capital Markets Limited | +44 (0) 20 7397 8900 |
James King |
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Will Talkington |
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