IVPU.L Regulatory News (IVPU)

Invesco Perpetual Select Trust Plc - Conversion of Securities

PR Newswire

London, July 30

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:

The respective Conversion Ratios were as follows:

- For every UK Equity Share converted, holders will receive 0.879912 Global Equity Income Shares, 1.334655 Balanced Risk Allocation Shares or 1.805554 Managed Liquidity Shares;

- For every Global Equity Income Share converted, holders will receive 1.136478 UK Equity Shares, 1.516805 Balanced Risk Allocation Shares or 2.051972 Managed Liquidity Shares;

- For every Balanced Risk Allocation Share converted, holders will receive 0.749258 UK Equity Shares, 0.659280 Global Equity Income Shares or 1.352825 Managed Liquidity Shares;

- For every Managed Liquidity Share converted, holders will receive 0.553847 UK Equity Shares, 0.487336 Global Equity Income Shares or 0.739194 Balanced Risk Allocation Shares.

The Conversion Ratios, which will be effective on 1 August 2018, are based on the relative net asset values of the Company’s Share classes as at close of business on 26 July 2018.

Individual Shareholders’ entitlements on conversion on 1 August 2018 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 18 July 2018 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:

Following the conversion, the total number of listed Shares in issue (excluding shares held in treasury) will be:

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:

Dealings in such shares are expected to commence at 8.00 a.m. on 2 August 2018. It is expected that Certificates in respect of the Resulting Shares will be posted by 10 August 2018.

The Deferred Shares arising on the conversion will be cancelled.

The remaining conversion date for 2018 and those for 2019 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.

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.

30 July 2018

Contact: Angus Pottinger 020 3753 1000