REG-Invesco Select Trust Plc: Result of Restructuring

Invesco Select TrustAnnouncement

03/05/2024 14:15

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY 
OR INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR
JAPAN. 

 

3 May 2024

 

Invesco Select Trust plc

 

Result of Restructuring

 

The Board of Invesco Select Trust plc (the "Company") is pleased to announce
the results of the Restructuring carried out in accordance with the circular
published on 15 February 2024 (the "Circular").

 

As at the Calculation Date of 5.00 p.m. on 30 April 2024 the Calculation
Ratios (i.e. the number of Global Shares to which a single Share of each other
class is entitled) and the resulting aggregate number of Global Shares arising
in respect of the reclassification of non-Global Shares were as follows:

 

                                Calculation Ratios  Number of Global Shares arising  
 UK Equity Share Class          0.626809            35,467,543                       
 Balanced Risk Share Class      0.517037            1,703,642                        
 Managed Liquidity Share Class  0.375434            337,759                          
                                                    37,508,944                       
 Fractions                                          609                              
 Total new Global Shares                            37,509,553                       

 

Fractions of Global Shares have not been issued under the Restructuring and
Shareholders' entitlements to Global Shares have been rounded down to the
nearest whole number. Any assets representing a fraction of a Global Share
will be retained by the Company and represent an accretion to its assets for
the benefit of all Shareholders.

The Company has applied to the FCA and to the LSE respectively for the new
Global Shares to be admitted to the premium segment of the Official List and
to trading on the main market of the London Stock Exchange.  Dealings in such
shares are expected to commence at 8.00 a.m. on 7 May 2024. It is expected
that certificates in respect of the new Global Shares will be posted during
the week commencing 20 May 2024.

The Company will also request the removal from the Official List of the UK
Equity Share Class, the Balanced Risk Share Class and the Managed Liquidity
Share Class as soon as practicable given no Shares in any of these classes
remain.

 

Terms used and not defined in this announcement shall have the meaning given
to them in the Circular.

 

Total voting rights

 

Following the Restructuring the Company has 63,056,464 Global Shares in issue,
each with one voting right, and a further 16,930,122 Global Shares held in
treasury, which have no voting rights.  Accordingly, the Company has
63,056,464 total voting rights and this figure may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Appointment of sole corporate broker

 

With effect from 7 May 2024 Cavendish Capital Markets Limited will be the
Company's Sole Corporate Broker and Financial Adviser.

 

Enquiries:

 

 Invesco Asset Management Limited   +44 (0) 20 7543 3559  
 James Poole, Company Secretary                           
                                                          
 Invesco Fund Managers Limited      +44 (0)20 7543 3500   
 Will Ellis                                               
 John Armstrong-Denby                                     
                                                          
 Winterflood Securities Limited     +44 (0) 20 3100 0000  
 Neil Morgan                                              
 Darren Willis                                            
                                                          
 Cavendish Capital Markets Limited  +44 (0) 20 7397 8900  
 James King                                               
 Will Talkington                                          

 



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