INVESCO SELECT TRUST PLC
LEI: 549300JZQ39WJPD7U596
Headline: Conversion of Shares
The Board of Invesco Select Trust plc (the ‘Company’) announces
that valid Conversion Notices have been received in respect of:
|
532,500 UK Equity Shares |
|
45,941 Global Equity Income
Shares |
|
50,463 Balanced Risk
Allocation Shares |
|
67 Managed
Liquidity Shares |
The respective Conversion Ratios were as follows:
- For every UK Equity Share converted, holders
will receive 0.725522 Global Equity Income Shares, 1.121523
Balanced Risk Allocation Shares or 1.557127 Managed Liquidity
Shares;
- For every Global Equity Income Share
converted, holders will receive 1.378318 UK Equity Shares, 1.545815
Balanced Risk Allocation Shares or 2.146216 Managed Liquidity
Shares;
- For every Balanced Risk Allocation Share
converted, holders will receive 0.891645 UK Equity Shares, 0.646908
Global Equity Income Shares or 1.388404 Managed Liquidity Shares;
and
- For every Managed Liquidity Share converted,
holders will receive 0.642208 UK Equity Shares, 0.465936 Global
Equity Income Shares or 0.720251 Balanced Risk Allocation
Shares.
The Conversion Ratios, which will be effective on 1 November 2022, are based on the relative net
asset values of the Company’s Share classes as at close of business
on 20 October 2022.
Individual Shareholders’ entitlements on conversion on
1 November 2022 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 4 October 2022 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:
|
-488,090 UK Equity Shares |
|
+326,442 Global Equity Income
Shares |
|
+12,568 Balanced Risk
Allocation Shares |
|
+41,950 Managed Liquidity
Shares |
|
+145,189 Deferred Shares |
As at 28 October 2022, the total
number of listed shares in issue (excluding shares held in
treasury) is:
|
71,478,782 UK Equity Shares |
|
24,851,044 Global Equity Income
Shares |
|
4,215,581 Balanced Risk
Allocation Shares |
|
1,257,950 Managed Liquidity
Shares |
Following conversion, the total number of listed Shares in issue
(excluding shares held in treasury) will be:
|
70,990,692 UK Equity Shares |
|
25,177,486 Global Equity Income
Shares |
|
4,228,149 Balanced Risk
Allocation Shares |
|
1,299,900 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:
|
44,410 UK Equity Shares |
|
372,383 Global Equity Income
Shares |
|
63,031 Balanced Risk
Allocation Shares |
|
42,017 Managed Liquidity
Shares |
Dealings in such shares are expected to commence at 8.00 a.m. on 2 November
2022. It is expected that Certificates in respect of the
Resulting Shares will be posted by 11
November 2022.
The Deferred Shares arising on the conversion will be
cancelled.
All as formally approved by the Board on 28 October 2022.
Contact:
James Poole
Senior Company Secretary
Invesco Asset Management Limited
0207 543 3559